June 2 LLDPE morning review

News: 1.
On June 1, some petrochemical stocks in the four major regions were about 65,000 tons, an increase of nearly 2,000 tons or about 2.
8% over the inventory on May 25, the previous statistical day
.
2.
Ningxia Baofeng's 300,000 tons/year polyethylene plant stopped on the evening of May 5, and I heard that the methanol plant had been started, and the olefin start-up time was postponed to June 2, and the planned production of 7042
was planned after driving.

Raw material prices: 1, Japan naphtha CF Japan reported 421.
75 yuan / ton, up 4; Naphtha FOB Singapore was trading at $44.
96 a barrel, up 0.
45
.
Ethylene CFR Northeast Asia was at $1090/ton, down 10, and CFR Southeast Asia was flat at $1065/ton
.

Spot price: the foreign spot market price is basically flat, and the Far East is reported at 1090 US dollars / ton, flat; The Middle East was flat at $1080/ton; The domestic market price was basically flat, North China Daqing reported 8500 yuan / ton, flat; East China Yuyao Jilin Petrochemical 8850 tons, up 100; South China reported 8850 yuan / ton, flat
.
Northwest Dushanzi reported 8500 yuan / ton, unchanged
.

Warehouse receipt data: 519.

Short-term social inventory fell slightly, the overall social inventory pressure is not large, and petrochemical profits remain at a relatively low level, although the traditional demand off-season, but petrochemical prices remain firm, coupled with the repair of the futures price spread rebound, the expected decline in futures prices is limited
.