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May 3 LLDPE morning review

 Last Update: 2022-12-02
 Source: Internet
 Author: User

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On Monday, the LLDPE1609 contract closed down in volatility, testing the pressure around 8800 above, and focusing on whether it can stand support around 8500 below, and it is expected to maintain short-term volatility in the 8500-8800 range, and it is recommended to short-sell the range
.

LLDPE

Raw material prices: 1.
Japan naphtha CF Japan reported 422.
75 yuan / ton, flat; Naphtha FOB Singapore was flat at $45.
18 a barrel
.
Ethylene CFR Northeast Asia was flat at $1190/mt, and CFR Southeast Asia was flat at $1145/mt
.

Spot prices: foreign spot market prices are basically flat, Far East reported 1120 tons, flat; East reported 1110 US dollars / ton, flat; Domestic market prices fell slightly, North China Daqing reported 8800 yuan / ton, down 100; East China Yuyao Jilin Petrochemical 9100 tons, flat; South China reported 9300 yuan / ton, down 50
.
Northwest Dushanzi reported 8950 yuan / ton, unchanged
.

News side: 1.
Ningxia Baofeng 300,000 tons/year polyethylene plant production 8008
.
It is understood that the company originally planned to stop for maintenance for one month on April 25, but the maintenance plan has been postponed to May 5
.

Warehouse receipt data: 1624, an increase of 601 from the previous trading day
.

At the end of the month, downstream traders completed orders and petrochemical plant maintenance, petrochemical inventories decreased, but considering that the market gradually turned into the off-season and the gradual resumption of equipment maintenance in the future, and China Coal Mengda successfully put into operation, the price upward momentum is insufficient, and it is expected to maintain a weak range in the short term
.

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