echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > June 23 LLDPE morning review

    June 23 LLDPE morning review

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On Wednesday, LLDPE1609 contract volatility closed higher, short-term below the test of support near the five-day line, above test of pressure around 9000, the moving average below the plate shows a long arrangement, the bullish trend has not changed, it is recommended to go long
    in the 8600-9000 range.

    LLDPE

    Raw material prices: Japan naphtha CF Japan reported 430.
    88 yuan / ton, up 1.
    26; naphtha FOB Singapore reported 46.
    19 US dollars / barrel, up 0.
    14
    .
    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 rose slightly, North China Daqing reported 8900 yuan / ton, up 100; East China Yuyao Jilin Petrochemical 8950 tons, up 50; South China News 9,000 yuan / ton, flat
    .
    Northwest Dushanzi reported 8650 yuan / ton, up 50
    .

    News side: 1.
    The total amount of PE social inventory this week increased by more than 4,500 tons compared with the previous cycle (June 15), an increase of about
    1.
    6%.

    Warehouse receipt data: 63, down 5 from the previous trading day
    .

    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
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.