LLDPE volatility higher futures price maintained a wide range

News side: 1.
Qilu Petrochemical's 120,000 tons/year linear unit has a production of 70.
42, and the low-voltage first-line production of 140,000 tons/year is 22F, and the second-line production is 22F; 250,000 tons/year new low-pressure production 6098; The 140,000-ton/year high-voltage unit was shut down on March 3 and temporarily stopped in
April.

Raw material price: Japan naphtha CF Japan reported 476.
62 yuan / ton, down 2; Naphtha FOB Singapore was trading at $51.
79 a barrel, down 0.
25
.
ethylene CFR Northeast Asia 1140 US dollars / ton, flat; CFR Southeast Asia was flat at $1,035/mt
.

Spot price: the foreign spot market price was flat, the Far East reported 1145 yuan / ton, flat, the Middle East reported 1131 yuan / ton, flat
.
The market price was basically flat, North China Daqing reported 9350 yuan / ton, flat; East China Yuyao Jilin Petrochemical 9600 tons, flat; South China reported 9650 yuan / ton, flat
.
Northwest Dushanzi reported 9300 yuan / ton, unchanged
.

Short-term petrochemical inventories continued to decline slightly, but the source of goods was transferred to traders, social inventories maintained a high level in recent years, and the downstream just needed to take goods, and maintained small orders for purchase, and the enthusiasm was not high
.
Short-term futures contracts moved for months, futures price fluctuations increased, and crude oil and coal rose sharply to drive the chemical sector
.
Technically, LLDPE1705 contract volatility higher, above test the pressure around 9600, below test around 9200 support, futures price short-term to maintain a low wide range of volatility, it is recommended to trade long in the 9200-9600 range
.