May 18 LLDPE morning review

News side: 1.
The overall operating rate of polyethylene petrochemical plants this week is around 77%, up 3 percentage points
from last week.
During the statistical period, the operating rate in North China, South China and Central China did not change much, and some installations in East China were restarted, and the average operating rate increased
significantly.
2.
Ningxia Baofeng's 300,000 tons/year polyethylene plant stopped on the evening of the 5th, and it was heard that it was planned to be stopped for about
25 days.

Raw material prices: 1, Japan naphtha CF Japan reported 426.
38 yuan / ton, up 10.
63; naphtha FOB Singapore reported 45.
49 US dollars / barrel, up 1.
14
.
Ethylene CFR Northeast Asia was flat at $1180/mt, and CFR Southeast Asia was flat at $1140/mt
.

Spot prices: foreign spot market prices were basically flat, and the Far East reported 1135 tons, flat; East reported 1125 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 News 9,000 yuan / ton, flat
.
Northwest Dushanzi reported 8600 yuan / ton, unchanged
.

Warehouse receipt data: 2280, unchanged
from the previous trading day.

Overall: short-term downstream demand is not good, petrochemical inventories have rebounded slightly, the market is mainly wait-and-see, suppressing futures prices, but in the middle and late months as traders complete the task of taking orders, it is expected that the price decline will be limited
.