September 13 LLDPE morning review

Raw material prices: Japan naphtha CF Japan reported 410.
38 yuan / ton, up 4; Naphtha FOB Singapore was trading at $43.
58 a barrel, up 0.
44
.
Ethylene CFR Northeast Asia was flat at $1190/mt, and CFR Southeast Asia was flat at $1060/mt
.

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, flat; East China Yuyao Jilin Petrochemical 9250 tons, down 50; South China reported 9350 yuan / ton, down 50
.
Northwest Dushanzi reported 9050 yuan / ton, unchanged
.

News side: 1.
As of September 9, according to Longzhong estimates, the inventory of major domestic ports rose slightly, with Shanghai Port 221,000 tons, Huangpu Port to 70,000 tons, and Tianjin Port to 69,000 tons
.
2.
The LLDPE pricing and sales of Sinopec East China Branch were reduced by 100-150
.
Yangtze 7042 at 9200, 1801 at 9200, 1802 at 9500, Zhenhai 7042 at 9200, 7050H at 9600, 8320 at 9550
.

Warehouse receipt data: 9405
.

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 end of the G20 summit, downstream factory start will restart, orders will increase, short-term in a stage of destocking, September contract facing delivery, if the source of goods into the market, short-term market supply still has a certain pressure, limiting the upside
of the futures price.