LLDPE shock closed up downstream just need to recover slightly

Raw material prices: Japan naphtha CF Japan reported 457.
62 yuan / ton, down 6.
63; naphtha FOB Singapore reported 49.
27 US dollars / barrel, down 0.
75
.
ethylene CFR Northeast Asia 1210 US dollars / ton, down 10; 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
.
The market price was basically flat, North China Daqing reported 9300 yuan / ton, flat; East China Yuyao Jilin Petrochemical 9500 tons, up 50; South China reported 9500 yuan / ton, flat
.
Northwest Dushanzi reported 9400 yuan / ton, down 300
.

News side: 1.
Port inventory is still at a high level, as of March 10, Shanghai port inventory is stable at about 289,000 tons; Huangpu port inventory remains at 70,000 tons; Tianjin port inventory is 77,000 tons
.

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
.