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Liansu 1805 contract opened at 9345 yuan / ton, the highest 9365 yuan / ton, the lowest to 9165 yuan / ton, closed at 9315 yuan / ton, down 25, or 0.
27% on a daily basis, the trading volume increased to 419,000 lots, and the position increased by 11,288 lots to 415,000 lots
.
News side: 1, CNPC East China LLDPE price report: Jilin/Daqing 7042 9400, Lanhua 7042 9550, 7042N 9550, Fushun 7042 9350
.
(:RMB/ton)
Raw material prices: Japan naphtha CFR Japan reported 572.
5 tons, up 4; naphtha FOB Singapore reported 62.
48 US dollars / barrel, up 0.
25 US dollars
.
ethylene CFR Northeast Asia 1380 US dollars / ton, flat; CFR Southeast Asia was flat at $1280/mt
.
Spot price: The foreign spot market price is basically flat, the Far East reported 1205 yuan / ton, flat, the Middle East reported 1179 yuan / ton, flat
.
Market prices fell slightly, with North China Daqing reporting 9300 yuan / ton, flat; East China Yuyao reported 9,400 tons, flat; South China Guangzhou reported 9500 yuan / ton, flat; Northwest Dushanzi reported 9500 yuan / ton, unchanged
.
The domestic LLDPE market was generally weak, and the continuous decline in futures prices dragged down the spot market
.
The market production and sales are light, traders just need to take goods, and the industry mostly holds a wait-and-see situation
.
However, oil prices in Europe and the United States were high, and naphtha, which rose slightly, supported LLDPE prices
.
On the technical side, the LLDPE contract is supported below 9150, the 20-day moving average above is systematically suppressed, and the MACD green bar is contracted, indicating a short-term technical rebound
.
Operationally, trade
in the range 9150-9450.