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    Home > Chemicals Industry > New Chemical Materials > LLDPE morning review on May 24

    LLDPE morning review on May 24

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    On Monday, the LLDPE1609 contract opened low and volatile, testing pressure around 8300 above, focusing on support around 7800 below, and it is recommended to open long orders around 7800 during the day, stop loss 7650, target 8300
    .

    LLDPE

    News side: 1.
    Pucheng clean energy full-density polyethylene plant capacity is 300,000 tons/year and 7042
    .
    Today, the listing price of 7042 factory dropped by 10 yuan / ton to 8290 yuan / ton
    .

    Raw material prices: 1, Japan naphtha CF Japan reported 424.
    38 yuan / ton, up 7.
    38; naphtha FOB Singapore reported 45.
    39 US dollars / barrel, up 0.
    77
    .
    Ethylene CFR Northeast Asia was at $1170/ton, down 10, and CFR Southeast Asia was at $1135/ton, down 5
    .

    Spot prices: foreign spot market prices fell slightly, Far East reported 1110 tons, down 10; East reported $1100/ton, down 10; The price in the domestic market was basically flat, and North China Daqing reported 8600 yuan / ton, flat; East China Yuyao Jilin Petrochemical 8800 tons, flat; South China reported 8850 yuan / ton, flat
    .
    Northwest Dushanzi reported 8600 yuan / ton, unchanged
    .

    Warehouse receipt data: 932, down 604 from the previous trading day
    .

    On the whole, near the end of the year, traders opened orders to take goods, petrochemical inventory cleared, the overall social inventory level decreased slightly, the spot market price was stable, coupled with the narrowing of petrochemical profit margins, it is expected to support the price strengthening
    .

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