April 11 LLDPE morning review

Spot price: the price of foreign spot market fell slightly, and the Far East reported 1170 yuan / ton, down 10; The Middle East was at $1155/mt, down 10
.
Domestic market prices fell, North China Daqing reported 9200 yuan / ton, down 200; East China Yuyao Jilin Petrochemical 9600 tons, down 50; South China News 9750 yuan / ton, flat
.
Northwest Dushanzi reported 9450 yuan / ton, unchanged
.

Raw material prices: 1, Japan naphtha CF Japan reported 383.
62 US dollars / ton, up 3.
87; naphtha FOB Singapore reported 41.
15 US dollars / barrel, up 0.
31
.
Ethylene CFR Northeast Asia was at $1200/ton, up 5, and CFR Southeast Asia was at $1160/ton, up 5
.

News side: 1, CNPC South China LLDPE listed up 50-100 sales
.
(: yuan/ton): Sichuan 7042/N up 50 on 9750, Fushun 7042 up 50 on 9750, Fushun 7042N up 50 on 9750, Lanhua 7042H up 50 on 9800, Daqing 8320 up 100 on 9800
.

Crude oil rose sharply, which is expected to give a certain boost
to downstream commodities.
Affected by the insufficient follow-up of downstream demand and the Qingming holiday, petrochemical inventories increased, suppressing the spot price, but some equipment maintenance in April is expected to reduce the supply of market supply, and the short-term decline space is limited
.