September 29 LLDPE morning review

Raw material prices: Japan naphtha CF Japan reported 407.
88 yuan / ton, up 5.
76; naphtha FOB Singapore reported 43.
63 US dollars / barrel, up 0.
44
.
Ethylene CFR Northeast Asia was at $1155/ton, down 10, and CFR Southeast Asia was flat at $1040/ton
.

Spot prices: foreign spot market prices rose slightly, with the Far East reported $1140 / ton, up 10; The Middle East was quoted at $1129/ton, up 10; Domestic market prices fell slightly, North China Daqing reported 8800 yuan / ton, flat; East China Yuyao Jilin Petrochemical 9250 tons, flat; South China reported 9100 yuan / ton, flat
.
Northwest Dushanzi reported 8900 yuan / ton, unchanged
.

News side: 1.
Shanghai Petrochemical currently produces DJ200A in 1PE1 line equipment, DJ200A in 2PE line, and Q281
in 2PE line.
4PE low pressure YGH041
.
The high-pressure production capacity of the plant is 200,000 tons/year, and the low-pressure production capacity is 250,000 tons/year
.
The low-voltage unit is scheduled to be shut down for maintenance
from September 29 to October 13.
2.
The total amount of PE social inventory continued to decline this week, down 5.
6%
from the previous cycle (September 21).

Warehouse receipt data: 11222
.

At present, due to the impact of equipment maintenance, the overall operating rate has declined, but with the gradual resumption of equipment work, it is expected that the market supply will slowly increase, coupled with the inflow of stock into the market in September, and the expectation of new capacity equipment to produce products, etc.
, suppressing the upward momentum of prices, but short-term downstream holiday replenishment, prices may recover slightly
.