Terminal purchasing willingness is not strong LLDPE shock closed down

Raw material prices: Japan naphtha CF Japan reported 509.
5 yuan / ton, up 6.
75; naphtha FOB Singapore reported 55.
35 US dollars / barrel, up 0.
87
.
ethylene CFR Northeast Asia 1385 US dollars / ton, flat; CFR Southeast Asia was trading at $1145/mt, down 5
%.

Spot price: The foreign spot market price fell, the Far East reported 1160 yuan / ton, flat, the Middle East reported 1148 yuan / ton, flat
.
Market prices fell, North China Daqing reported 9700 yuan / ton, down 100; East China Yuyao Jilin Petrochemical 9850 tons, flat; South China reported 9850 yuan / ton, down 50
.
Northwest Dushanzi reported 9750 yuan / ton, unchanged
.

News side: 1, Shanghai Petrochemical 1PE equipment first-line production Q210; second-line N210; 2PE device produces N220; The low-voltage device was overhauled from the 17th to February
27th.
The high-pressure production capacity of the device is 200,000 tons/year, and the low-pressure production capacity is 250,000 tons/year
.

This week, PE overall social inventory, port inventory continued to increase, higher than the same period last year, traders shipments are not smooth, inventory pressure is large, terminal procurement willingness is not strong, suppressing market prices, but with the peak season of mulch film demand, downstream starts to pick up, inventory pressure is expected to be eased
.
Technically, the LLDPE1705 contract opened low to the upside, some bears took profits, testing the pressure near the five-day line above, testing the first support level of 9600 below, and looking further towards 9300 if it falls below 9600
.