LLDPE volatility closed lower below the rebound short selling

Raw material prices: Japan naphtha CF Japan reported 508.
75 yuan / ton, down 1.
5; naphtha FOB Singapore reported 55.
21 US dollars / barrel, down 0.
24
.
ethylene CFR Northeast Asia 1375 US dollars / ton, flat; CFR Southeast Asia was flat at $1145/mt
.

Spot price: The foreign spot market price fell, the Far East reported 1130 yuan / ton, down 10, the Middle East reported 1118 yuan / ton, down 10
.
The market price was basically flat, North China Daqing reported 9750 yuan / ton, flat; East China Yuyao Jilin Petrochemical 9850 tons, flat; South China reported 9900 yuan / ton, up 50
.
Northwest Dushanzi reported 9700 yuan / ton, unchanged
.

News side: 1.
The average operating rate of polyethylene petrochemical plants this week is around 97%, up 1 percentage point
from last week.
From a regional point of view, East China and Central China were affected by the shutdown and recovery of some installations, and their operating rates fluctuated greatly, while those in other regions changed
slightly.

Short-term inventory pressure is large, terminal purchasing willingness is not strong, suppressing market prices, port inventory pressure began in late March or slightly eased, later pay attention to the price decline, downstream demand to take goods on the social inventory digestion capacity, short-term is expected to maintain low volatility
.
Technically, the LLDPE1705 contract closed down in volatility, testing the pressure around 9750 above, testing the first support level of 9500 below, short-term or continuing to maintain a low weak shock, it is recommended to rebound short below 9750
.