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On Wednesday, LLDPE1609 contract opened high and volatile, above test the pressure around 8400, lower test focus on 8000 mark support, short-term price or over-bearish rebound behavior, intraday can try around 8050 light short long
.
Raw material prices: 1, Japan naphtha CF Japan reported 384.
25 yuan / ton, down 13.
75; naphtha FOB Singapore reported 40.
81 US dollars / barrel, down 1.
51
.
Ethylene CFR Northeast Asia was flat at $1190/mt, and CFR Southeast Asia was flat at $1145/mt
.
Spot prices: foreign spot market prices fell slightly, Far East reported 1130 tons, down 5; East reported $1120/ton, down 5; The price in the domestic market was basically flat, with North China Daqing reporting 8600 yuan / ton, up 100; East China Yuyao Jilin Petrochemical 8800 tons, up 50; South China News 9,000 yuan / ton, flat
.
Northwest Dushanzi reported 8550 yuan / ton, unchanged
.
News side: 1.
CNPC North China LLDPE rose 100 yuan / ton
.
Warehouse receipt data: 1849.
Overall: short-term Shanghai Petrochemical and Yangzi Petrochemical temporary shutdown maintenance, operating rate declined, petrochemical inventory was basically flat compared with the previous period, downstream billing enthusiasm increased slightly, but the market supply is expected to increase after the start of equipment in the market, which will still limit the upward
momentum of prices.