echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > May 25 LLDPE morning review

    May 25 LLDPE morning review

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    On Tuesday, the LLDPE1609 contract closed in volatility, testing pressure around 8200 above, focusing on support around 7800 below, and it is recommended to open long orders around 7850 during the day, stop loss 7700, target 8200
    .

    LLDPE

    Raw material prices: 1, Japan naphtha CF Japan reported 419.
    12 yuan / ton, down 5.
    26; naphtha FOB Singapore reported 44.
    81 US dollars / barrel, down 0.
    58
    .
    Ethylene CFR Northeast Asia was at $1150/ton, down 20, and CFR Southeast Asia was at $1130/ton, down 5
    .

    Spot prices: foreign spot market prices were basically flat, with the Far East reported 1110 tons, flat; East reported 1100 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 8750 tons, down 50; South China reported 8850 yuan / ton, flat
    .
    Northwest Dushanzi reported 8600 yuan / ton, unchanged
    .

    News side: 1.
    The overall operating rate of polyethylene petrochemical plants this week is around 74%, down 3 percentage points
    from last week.

    Warehouse receipt data: 1536, down 744
    from the previous trading day.

    Summary of views: Near the end of the month, traders opened orders to take goods, petrochemical cleared inventory, the overall social inventory level fell slightly, the spot market price stability, coupled with the narrowing of petrochemical profit margins, is expected to support the price strengthening
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.