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    Home > Chemicals Industry > New Chemical Materials > June 22 LLDPE morning review

    June 22 LLDPE morning review

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    On Tuesday, the LLDPE1609 contract closed up in shock, short-term below the test of support near the five-day line, above the test of pressure around 8900, the moving average below the disk shows a long arrangement, the bullish trend has not changed, but the short-term or there is a pullback, it is recommended to go long
    in the 8450-8850 range.

    LLDPE

    News side: 1.
    The overall operating rate of polyethylene petrochemical plants this week is around 82%, up 1 percentage point
    from last week.
    2.
    Zhenhai Refining and Chemical PE full-density plan to convert production to 8320, the design capacity of the unit is 450,000 tons/year full-density plant
    .

    Raw material prices: Japan naphtha CF Japan reported 429.
    62 yuan / ton, up 16.
    24; naphtha FOB Singapore reported 46.
    05 US dollars / barrel, up 1.
    8
    .
    Ethylene CFR Northeast Asia was flat at $1,050/ton, and CFR Southeast Asia was flat at $1,040/ton
    .

    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 8800 yuan / ton, flat; East China Yuyao Jilin Petrochemical 8900 tons, flat; South China reported 9050 yuan / ton, up 100
    .
    Northwest Dushanzi reported 8600 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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