September 22 LLDPE morning review

Raw material prices: Japan naphtha CF Japan reported 390 yuan / ton, down 8.
25; naphtha FOB Singapore reported 41.
82 US dollars / barrel, down 0.
85
.
Ethylene CFR Northeast Asia was flat at $1180/mt, and CFR Southeast Asia was flat at $1050/mt
.

Spot prices: foreign spot market prices were basically flat, and the Far East reported $1150 / ton, up 10; The Middle East was reported at $1139/ton, up 10; The domestic market price was basically flat, North China Daqing reported 8800 yuan / ton, flat; East China Yuyao Jilin Petrochemical 9250 tons, up 50; South China reported 9200 yuan / ton, flat
.
Northwest Dushanzi reported 9,000 yuan / ton, unchanged
.

News side: 1, Sichuan ethylene PE plant dynamics: full dense plant production 7042, low-voltage plant production 9455F
today.
The annual production capacity of full density and low pressure is 300,000 tons
each.
2.
The overall operating rate of polyethylene petrochemical plants this week is around 84%, which is similar
to last week's level.
During the statistical period, except for a small decrease in the average operating rate in East China, the operating rate in other regions did not change much
.

Warehouse receipt data: 11876
.

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.