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LLDPE1701 contract closed down in volatility, short-term first support level test 8650, upper test pressure around 8800, is expected to maintain short-term 8650-8800 range volatility, recommended range trading
.
Raw material prices: Japan naphtha CF Japan reported 394.
25 yuan / ton, up 10; Naphtha FOB Singapore was trading at $42.
11 a barrel, up 1.
17
.
Ethylene CFR Northeast Asia was at $1185/ton, down 5, and CFR Southeast Asia was at $1055/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 8900 yuan / ton, flat; East China Yuyao Jilin Petrochemical 9200 tons, down 50; South China reported 9300 yuan / ton, flat
.
Northwest Dushanzi reported 9,000 yuan / ton, unchanged
.
News side: 1.
The LLDPE part of Sinopec East China Branch was lowered by 100-150
.
Yangtze 7042 at 9200, 1801 at 9200, 1802 at 9400, Zhenhai 7042 at 9200, 7050H at 9450, 8320 at 9550
.
Warehouse receipt data: 11877.
Affected by the maintenance of the device in the early stage, the overall operating rate declined, but with the gradual resumption of work of the device, it is expected that the market supply will increase slowly, coupled with the inventory of exchange warehouse receipts flowing into the market in September, causing certain supply pressure in the short term, the market is in the destocking stage, and the downstream gold nine silver ten starts slowly, limiting the upward momentum
of the price.