LLDPE shock fell and procurement enthusiasm was not high

Raw material prices: Japan naphtha CF Japan reported 463.
88 yuan / ton, up 3.
5; naphtha FOB Singapore reported 50.
21 US dollars / barrel, up 0.
38
.
ethylene CFR Northeast Asia 1150 US dollars / ton, flat; CFR Southeast Asia was flat at $1,045/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 9500 yuan / ton, flat; East China Yuyao Jilin Petrochemical 9600 tons, flat; South China reported 9800 yuan / ton, flat
.
Northwest Dushanzi reported 9450 yuan / ton, unchanged
.

News side: 1.
According to Longzhong sample statistics, the total amount of PE social inventory fell this week, down about 8,000 tons from the same period last week, a decrease of 1.
5%, 71%
higher than the same period last year.

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
.
Upstream crude oil and methanol fell sharply, dragging down polyolefin prices, and short-term futures prices are expected to remain low and volatile
.
Technically, LLDPE1705 contract reduced positions to the downside, above to test the pressure around 9450, below to test the previous low support, short-term is expected to maintain a wide range of 9000-9450 range, recommended range trading
.