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    Home > Chemicals Industry > New Chemical Materials > May 4 LLDPE morning review

    May 4 LLDPE morning review

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    On Tuesday, LLDPE1609 contract opened low and went low, testing pressure around 8600 above, focusing on support around 8250 below, short-term expected to maintain weak volatility in the 8250-8600 range, it is recommended to rely on light short positions around 8500-8600, stop loss 8700
    .

    LLDPE

    News side: 1.
    Pricing and sales of BASF PE products: 2426H/2426K 9350, 2420H 9300
    .
    2420D fixed 9650.
    Yangtze BASF high-voltage plant temporary shutdown, tentatively planned for about
    3-4 days.
    It involves a high-pressure production capacity of 200,000 tons/year
    .

    Crude oil prices: 1.
    Japan naphtha CF Japan reported 422.
    75 yuan / ton, unchanged; 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; The domestic market price was basically flat, North China Daqing reported 8800 yuan / ton, flat; East China Yuyao Jilin Petrochemical 8950 tons, down 150; South China reported 9250 yuan / ton, down 50
    .
    Northwest Dushanzi reported 8950 yuan / ton, unchanged
    .

    Warehouse receipt data: 1624.

    At the beginning of the month, the market orders were basically completed at the end of the month, the market gradually turned into the off-season, the demand follow-up was insufficient, coupled with the gradual resumption of equipment maintenance in the future, and China Coal Mengda was successfully put into operation, the price upward momentum was insufficient, and it is expected to maintain a weak range in the short term
    .

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