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    Home > Chemicals Industry > New Chemical Materials > June 20 LLDPE morning review

    June 20 LLDPE morning review

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    On Friday, LLDPE1609 contract increased positions to the upside, short-term below the test of support around 8400, above the test of pressure around 8700, the moving average below the plate showed a long arrangement, the bullish trend has not changed, it is recommended to adopt a bargain hunting strategy
    in the 8400-8700 range.

    LLDPE

    News side: 1.
    Yangzi Petrochemical PE linear production 7042, low-voltage A line to 5000S
    .
    Line B produces 5505T
    .
    C line converted to 5000S
    .
    2.
    Sichuan ethylene PE plant dynamics: full density plant production 7042
    .
    The low-voltage unit produced the 7750S
    .
    The annual production capacity of full density and low pressure is 300,000 tons each, and the load is reduced to about 60% on the 16th, and the specific recovery time is unknown, and Longzhong Petrochemical Network will continue to track and report
    in the future.

    Raw material prices: 1, Japan naphtha CF Japan reported 413.
    38 yuan / ton, down 3.
    87; naphtha FOB Singapore reported 44.
    25 US dollars / barrel, down 0.
    25
    .
    Ethylene CFR Northeast Asia was at $1050/ton, up 10, and CFR Southeast Asia was at $1040/ton, down 5
    .

    Spot prices: foreign spot market prices were basically flat, and Far East reported 1085 US dollars / ton, flat; The Middle East was flat at $1075/mt; Domestic market prices were mixed, with North China Daqing reporting 8700 yuan / ton, flat; East China Yuyao Jilin Petrochemical 8800 tons, flat; South China reported 8850 yuan / ton, flat
    .
    Northwest Dushanzi reported 8650 yuan / ton, unchanged
    .

    Warehouse receipt data: 68.

    Fundamentally, PE traders opened orders to take goods in the middle and late months, petrochemical linear inventories were overall low, factory prices were firm, coal chemical listed prices increased, coupled with the expected strengthening of equipment maintenance and shed film demand in the future, boosting the futures price higher
    .

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