LLDPE opened low and the price weakened

Raw material prices: Japan naphtha CF Japan reported 448.
88 yuan / ton, down 3.
37; naphtha FOB Singapore reported 48.
46 US dollars / barrel, down 0.
4
.
ethylene CFR Northeast Asia 1140 US dollars / ton, flat; CFR Southeast Asia was flat at $1,035/mt
.

Spot price: The foreign spot market price is basically flat, the Far East reported 1140 yuan / ton, flat, the Middle East reported 1127 yuan / ton, flat
.
The market price was basically flat, North China Daqing reported 9500 yuan / ton, flat; East China Yuyao Jilin Petrochemical 9600 tons, down 50; South China reported 9600 yuan / ton, down 100
.
Northwest Dushanzi reported 9,500 yuan / ton, up 50
.

News side: 1.
Wuhan petrochemical PE plant: 300,000 tons/year LLDPE plant production 35B; 300,000 tons/year HDPE plant produces PN049
.

Short-term petrochemical inventories continued to decline slightly, but remained at recent highs overall, limiting the upside
of futures prices.
Downstream just need to take goods, more maintain small order procurement, enthusiasm is not high
.
Short-term futures contracts are moved for months, the fluctuation range of futures prices increases, and intraday futures prices are dragged down by black and some chemicals, and the price weakens
.
Technically, LLDPE1705 contract volatility closed down, above test pressure around 9300, below test around 8900 support, short-term is expected to maintain in the 8900-9300 range oscillation, recommended range trading, arbitrage L5-9 can intervene around 80 can intervene in positive arbitrage
.