September 8 LLDPE morning review

Raw material prices: Japan naphtha CF Japan reported 390 yuan / ton, down 7.
5; naphtha FOB Singapore reported 41.
3 US dollars / barrel, down 0.
79
.
Ethylene CFR Northeast Asia was flat at $1195/mt, and CFR Southeast Asia was flat at $1065/mt
.

Spot price: the foreign spot market price is basically flat, and the Far East is reported at 1140 US dollars / ton, flat; The Middle East was flat at $1129/ton; The price in the domestic market was basically flat, and North China Daqing reported 8900 yuan / ton, flat; East China Yuyao Jilin Petrochemical 9250 tons, flat; South China reported 9280 yuan / ton, flat
.
Northwest Dushanzi reported 9,000 yuan / ton, unchanged
.

News side: 1.
The overall operating rate of polyethylene petrochemical plants this week is around 81%, down 3 percentage points
from last week.
During the statistical period, the shutdown and load impact of some enterprises in East China (such as Shanghai Jinfei, Shanghai SECCO and Yangzi Petrochemical, etc.
) led to a decline in the operating rate in this region, and the operating rate in other regions did not change much
.

Warehouse receipt data: 8050
.

Summary of views: 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 shocks
.