LLDPE closed slightly higher and maintained range-bound volatility

Raw material prices: Japan naphtha CF Japan reported 461.
75 yuan / ton, up 4.
13; naphtha FOB Singapore reported 49.
74 US dollars / barrel, up 0.
47
.
ethylene CFR Northeast Asia 1210 US dollars / ton, flat; CFR Southeast Asia was flat at $1,100/mt
.

Spot price: The foreign spot market price is basically flat, the Far East reported 1130 yuan / ton, flat, the Middle East reported 1118 yuan / ton, flat
.
Market prices rose slightly, with North China Daqing reporting 9400 yuan / ton, up 100; East China Yuyao Jilin Petrochemical 9500 tons, flat; South China reported 9500 yuan / ton, flat
.
Northwest Dushanzi reported 9400 yuan / ton, unchanged
.

News side: 1.
The total amount of PE social inventory continued to increase this week, an increase of about 4,000 tons over the same period last week, an increase of 0.
8%.

Upstream crude oil prices fluctuated, weighing on the chemical market
.
In the middle and late March of recent months, although the maintenance of the device gradually increased, the downstream rigid demand rebounded slightly, but the short-term social inventory digestion was slow, still maintained a high level, short-term price over-fall rebound, but the market supply and demand side is poor, and the price upside is expected to be limited
.
Technically, the LLDPE1705 contract closed slightly higher, testing pressure around 9400 above in the short term, and support around 9000 below, and the futures price is expected to remain in the 9000-9400 range
.