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    Home > Chemicals Industry > New Chemical Materials > June 7 LLDPE morning review

    June 7 LLDPE morning review

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    On Monday, the LLDPE1609 contract closed up in volatility, testing pressure around 8300 above, focusing on support around 8000 below, and it is expected to maintain a strong oscillation in the 8000-8300 range in the short term, and it is recommended to go long
    in the range.

    LLDPE

    News side: 1.
    Ningxia Baofeng's 300,000 tons/year polyethylene plant stopped on the evening of May 5, and it is expected that the starting time of polyethylene will be postponed to about 10 days, and it is planned to produce 7042
    after driving.
    2.
    The pricing and sales of LLDPE part of Sinopec East China Branch were increased by 100
    .
    Yangtze 7042 at 8700, 1801 at 8700, 1802 at 8850, Zhenhai 7042 at 8700, 7050 at 8850, 8320 at 9000
    .

    Raw material prices: 1, Japan naphtha CF Japan reported 430.
    62 yuan / ton, up 2.
    24; naphtha FOB Singapore reported 45.
    9 US dollars / barrel, up 0.
    29
    .
    Ethylene CFR Northeast Asia was at $1055/ton, down 15, and CFR Southeast Asia was at $1045/ton, down 20
    .

    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; Domestic market prices rose slightly, North China Daqing reported 8500 yuan / ton, flat; East China Yuyao Jilin Petrochemical 8900 tons, up 50; South China reported 8800 yuan / ton, flat
    .
    Northwest Dushanzi reported 8650 yuan / ton, up 150
    .

    Warehouse receipt data: 311, unchanged
    from the previous trading day.

    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 is off-season, but petrochemical prices remain firm, coupled with the repair of the current price difference, it is expected that the futures price is expected to bottom out.

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