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On Friday, the LLDPE1709 contract closed up in volatility, opening at 9440 yuan / ton, the highest 9610 yuan / ton, the lowest to 9405 yuan / ton, closing at 9485 yuan / ton, up 15, a daily increase of 0.
16%, the trading volume increased to 310,900 lots, and the position decreased by 42,656 lots to 154,500 lots
.
Raw material prices: Japan naphtha CF Japan reported 479.
25 yuan / ton, down 5.
25; naphtha FOB Singapore reported 52.
17 US dollars / barrel, down 0.
59
.
ethylene CFR Northeast Asia 1150 US dollars / ton, up 10; CFR Southeast Asia was flat at $1,035/mt
.
Spot prices: foreign spot market prices are basically flat, the Far East reported 1130 yuan / ton, flat, the Middle East reported 1116 yuan / ton, flat
.
The market price was basically flat, North China Daqing reported 9450 yuan / ton, up 100; East China Yuyao Jilin Petrochemical 9650 tons, flat; South China reported 9750 yuan / ton, up 100
.
Northwest Dushanzi reported 9300 yuan / ton, unchanged
.
News side: 1.
Shanghai Petrochemical 1PE plant two lines stopped, the expected driving time is May 27; The 2PE unit produces Q281, which is scheduled for maintenance on April 18 and is expected to start up on May 27; The low-voltage device produces YGH041
.
The overhaul is scheduled for April 11 and is expected to take one month
.
This week, the total amount of polyethylene social inventory increased slightly, the market supply pressure is still large, but the high crude oil price to the chemical products slightly boosted, the futures price bottomed out, the futures market rose or drove the terminal just need to take the enthusiasm of the goods, helping to alleviate the pressure of petrochemical inventory, but short-term futures moved positions, the price fluctuated greatly
.
Technically, LLDPE1709 contract volatility higher, above test around 9600 pressure, below test around 9300 support, futures price short-term maintenance in the 9300-9600 range wide oscillation, it is recommended to continue to rely on the five-day line to go long
.