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On Thursday, the LLDPE1609 contract closed slightly lower, testing the pressure near the five-day line above, focusing on support around 7800 below, and it is recommended to go long
in the 7800-8150 range during the day.
Raw material prices: 1, Japan naphtha CF Japan reported 426.
5 yuan / ton, down 4.
25; naphtha FOB Singapore reported 45.
71 US dollars / barrel, down 0.
31
.
Ethylene CFR Northeast Asia was flat at $1180/mt, and CFR Southeast Asia was flat at $1140/mt
.
Spot price: foreign spot market price flat, Far East reported 1120 tons, flat; East reported 1110 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 8900 yuan / ton, flat
.
Northwest Dushanzi reported 8600 yuan / ton, unchanged
.
News side: 1, Ningxia Baofeng's 300,000 tons/year polyethylene plant stopped on the evening of the 5th, and I heard that the olefin plant is scheduled to start up
on May 28-30.
2.
On May 18, some petrochemical inventories in the four major regions decreased by nearly 6,000 tons compared with the inventory on May 11, the previous statistical day, a decrease of about
8.
6%.
Warehouse receipt data: 2280.
Near the end of the month, traders opened orders to take goods, petrochemical cleared inventory, the overall social inventory level decreased slightly, the spot market price was stable, and the expected futures price decline space was limited
.