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On Friday, the LLDPE1609 contract closed slightly lower, testing pressure around 8350 above and focusing on 8000 mark support below, suggesting a dip in the 8000-8350 range
.
Raw material prices: 1, Japan naphtha CF Japan reported 415.
75 yuan / ton, down 3.
5; naphtha FOB Singapore reported 44.
35 US dollars / barrel, down 0.
39
.
Ethylene CFR Northeast Asia was at $1180/ton, down 10, and CFR Southeast Asia was at $1140/ton, down 5
.
Spot prices: foreign spot market prices were basically flat, and Far East reported 1140 tons, flat; East reported 1130 US dollars / ton, flat; The price in the domestic market was basically flat, and North China Daqing reported 8600 yuan / ton, flat; East China Yuyao Jilin Petrochemical 8800 tons, flat; South China reported 9,080 yuan / ton, up 30
.
Northwest Dushanzi reported 8600 yuan / ton, up 50
.
News side: 1.
Pucheng clean energy full-density polyethylene plant capacity is 300,000 tons/year and 7042
.
Warehouse receipt data: 2198, an increase of 349
.
On the whole, short-term downstream demand is not good, petrochemical inventories have rebounded slightly, coupled with some equipment inspection and repair workers, it is expected that the short-term supply pressure will be greater, but in the middle and late months as traders complete the task of taking orders, it is expected that there will still be a slight support
for the market.
