LLDPE opens low and goes low to maintain weak volatility in the short term

Raw material prices: Japan naphtha CF Japan reported 487.
62 yuan / ton, down 2.
5; naphtha FOB Singapore reported 52.
68 US dollars / barrel, down 0.
27
.
ethylene CFR Northeast Asia 1315 US dollars / ton, flat; CFR Southeast Asia was flat at $1125/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
.
The market price was basically flat, North China Daqing reported 9550 yuan / ton, a decrease of -150 yuan / ton; East China Yuyao Jilin Petrochemical 9550 tons, a decrease of 200 yuan / ton; South China reported 9700 yuan / ton, a decrease of 100 yuan / ton
.
Northwest Dushanzi reported 9700 yuan / ton, unchanged
.

News side: 1.
The guidance price of CNPC North China Company is 100 yuan / ton
lower than the listed price.

This week, petrochemical inventories continued to increase, although the downstream is in the peak demand season and some devices are stopped for maintenance, but the downstream consumer end has insufficient intention to receive goods, the supply side loss is limited, the petrochemical factory price is lowered, the short-term supply pressure is greater, suppressing the market price, pay attention to the downstream willingness to receive goods after the price
falls 。 Technically, LLDPE1705 contract to reduce positions and reduce volume, gap low open low go, futures price fell below the 9100-9500 adjustment range, below test 9100 first support level, second support level 9000, above pay attention to the pressure near the five-day line, short-term or maintain a weak shock, it is recommended to rebound to the five-day line near the short
selling.