May 31 LLDPE morning review

Raw material prices: 1, Japan naphtha CF Japan reported 417 yuan / ton, down 12.
62; naphtha FOB Singapore reported 44.
49 US dollars / barrel, down 1.
5
.
Ethylene CFR Northeast Asia was at $1100/ton, down 10, and CFR Southeast Asia was at $1065/ton, down 25
.

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 8500 yuan / ton, down 100; East China Yuyao Jilin Petrochemical 8750 tons, flat; South China reported 8800 yuan / ton, flat
.
Northwest Dushanzi reported 8500 yuan / ton, unchanged
.

News side: 1.
Pucheng clean energy full-density polyethylene plant capacity is 300,000 tons/year and 7042
.
Today, the listing price of 7042 factory rose by 30 yuan / ton to 8280 yuan / ton
.
2.
Baofeng's 300,000 tons/year polyethylene plant stopped on the evening of May 5, and I heard that the methanol unit had been started, and the olefin start-up time was postponed to June 2, and it was planned to produce 7042
after driving.

Warehouse receipt data: 586, down 135 from the previous trading day

Near the end of the year, traders opened orders to take goods, coupled with the maintenance of some devices, the overall social inventory level decreased slightly, but due to the recent gradual resumption of equipment work, coupled with weak downstream demand, the overall upside is expected to be limited
.