October 12 LLDPE morning review

Raw material prices: Japan naphtha CF Japan reported 435 yuan / ton, down 10.
25; naphtha FOB Singapore reported 46.
48 US dollars / barrel, down 1.
19
.
Ethylene CFR Northeast Asia was flat at $1,090/mt, and CFR Southeast Asia was flat at $1,040/mt
.

Spot price: the foreign spot market price is basically flat, and the Far East is reported at 1140 US dollars / ton, flat; The Middle East was flat at $1129/ton; Domestic market prices rose slightly, North China Daqing reported 9300 yuan / ton, up 50; East China Yuyao Jilin Petrochemical 9600 tons, up 50; South China reported 9500 yuan / ton, flat
.
Northwest Dushanzi reported 9250 yuan / ton, unchanged
.

News side: 1.
The overall operating rate of polyethylene petrochemical plants this week is around 92%, and the operating rate increased by 8 percentage points
compared with last week.
The start-up of Tianjin Lianhua and Tianjin large ethylene plants increased the average operating rate of plants in the region, while the average operating rate of some plants in Shanghai Petrochemical decreased in East China due to the shutdown of some plants in Shanghai, and the operating rate of other regions did not change much
.

Warehouse receipt data: 9084

Summary of views: Affected by the strengthening of crude oil and downstream pre-holiday stocking, petrochemical inventories have been digested to a certain extent, and ex-factory prices have increased, driving futures prices to rebound, but most of the equipment inspection and repair workers after the holiday, and the impact of new production capacity is expected to increase market supply pressure, pay attention to the market supply and demand side, due to a certain replenishment behavior downstream after the holiday and the strengthening of crude oil, driving plastic prices to continue to rise, but the medium line pays attention to market supply and demand changes
.