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On Thursday, the LLDPE1609 contract closed in volatility, testing pressure around 8200 above, focusing on support around 7800 below, and recommended trading in the 7950-8150 range during the day
.
Raw material prices: 1, Japanese naphtha CF Japan reported 429.
39 yuan / ton, up 8.
5; naphtha FOB Singapore reported 45.
96 US dollars / barrel, up 0.
96
.
Ethylene CFR Northeast Asia was at $1120/ton, down 30, and CFR Southeast Asia was at $1120/ton, down 10
.
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.
Sinopec Chemical Sales North China Branch in May HDPE price
reduction.
Warehouse receipt data: 721, unchanged
from the previous trading day.
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 was stable, coupled with the narrowing of petrochemical profit margins, it is expected to support the price strength.
