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    Home > Chemicals Industry > New Chemical Materials > May 26 LLDPE morning review

    May 26 LLDPE morning review

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    On Wednesday, the LLDPE1609 contract closed in volatility, testing pressure around 8200 above, focusing on support around 7800 below, and it is recommended to trade
    in the 7950-8150 range during the day.

    LLDPE

    Raw material prices: 1, Japan naphtha CF Japan reported 421.
    25 yuan / ton, up 1.
    76; naphtha FOB Singapore reported 45 US dollars / barrel, up 0.
    19
    .
    Ethylene CFR Northeast Asia was flat at $1150/mt, and CFR Southeast Asia was flat at $1130/mt
    .

    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 total amount of PE petrochemical inventories in large regions decreased
    on Thursday.
    2.
    Some petrochemical PE inventories in South China decreased
    this week.

    Warehouse receipt data: 721, unchanged
    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
    .

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