September 12 LLDPE morning review

Raw material prices: Japan naphtha CF Japan reported 406.
38 yuan / ton, up 9.
88; naphtha FOB Singapore reported 43.
14 US dollars / barrel, up 1.
11
.
Ethylene CFR Northeast Asia was at $1190/ton, down 5, and CFR Southeast Asia was at $1060/ton, down 5
.

Spot price: the foreign spot market price is basically flat, and the Far East reported 1160 US dollars / ton, flat; The Middle East was closed at $1149/ton, flat; The price in the domestic market was basically flat, and North China Daqing reported 9100 yuan / ton, up 100; East China Yuyao Jilin Petrochemical 9300 tons, flat; South China reported 9400 yuan / ton, up 100
.
Northwest Dushanzi reported 9,050 yuan / ton, up 50
.

News side: 1.
Extend the 300,000 tons/year full-density plant of China Coal to stop for maintenance on August 1, and the low-voltage device for shutdown and maintenance (early August).

It is understood that the full-density device has not been started for the time being, and it is planned to be opened in the near future, followed by a low-voltage device
.
2.
The total amount of PE social inventory this week increased by about 5,687 tons, or about
1.
5%, compared with the previous cycle (August 31).

Warehouse receipt data: 8060
.

Affected by the maintenance of the device, the overall operating rate has declined, but the overall social inventory is still high, currently in a district inventory stage, after the G20 summit, downstream factory starts will restart, orders will increase, inventory is expected to be gradually digested, prices are expected to maintain strong volatility,