April 22 LLDPE morning review

Raw material prices: 1, Japan naphtha CF Japan reported 391.
62 yuan / ton, down 2; Naphtha FOB Singapore was trading at $42.
09 a barrel, down 0.
25
.
Ethylene CFR Northeast Asia was flat at $1200/ton, and CFR Southeast Asia was flat at $1170/ton
.

Spot price: foreign spot market prices fell slightly, Far East reported 1120 yuan / ton, down 10; The Middle East was closed at $1110/mt, down 6
%.
Domestic market prices fell, North China Daqing reported 8800 yuan / ton, flat; East China Yuyao Jilin Petrochemical 8950 tons, flat; South China reported 9200 yuan / ton, flat
.
Northwest Dushanzi reported 9150 yuan / ton, unchanged
.

News side: 1.
Sinopec South China Linear Implementation of Listing Sales Policy, Guidance Price: Maoming Linear Lower 150 yuan / ton guidance, Guangzhou linear lower 100 yuan / ton guidance
.

The macro is affected by inflation asset allocation commodities, funds promote the rise of commodities, the fundamentals are affected by the maintenance of the device in the short term, the social inventory is reduced, but the downstream demand follow-up is insufficient, and the new production capacity of China Coal Mengda is about to be launched, and the petrochemical company has lowered the factory price, but the current price difference is large to limit its downward space, and the futures price has risen strongly after the pullback, and the future market is expected to maintain range volatility
.