August 11 LLDPE morning review

Raw material prices: Japan naphtha CF Japan reported 357 yuan / ton, unchanged; Naphtha FOB Singapore was flat at $37.
47 a barrel
.
Ethylene CFR Northeast Asia was flat at $1075/mt, and CFR Southeast Asia was flat at $1035/mt
.

Spot prices: foreign spot market prices are basically flat, and Far East is flat at $1130 / ton; The Middle East was flat at $1118/ton; The price in the domestic market was basically flat, and North China Daqing reported 9100 yuan / ton, flat; East China Yuyao Jilin Petrochemical 9350 tons, up 50; South China News 9350 yuan / ton, flat
.
Northwest Dushanzi reported 9100 yuan / ton, up 100
.

News side: 1.
Shanghai Jinfei PE plant production capacity is 135,000 tons / year, the plant will be stopped for maintenance on the afternoon of July 25, and it is planned to restart production of 50100
today.
2.
The 300,000 tons/year full-density plant of China Coal was stopped for maintenance on August 1 for 30-45 days, and the low-voltage device was stopped for maintenance for 30-45 days
.

Warehouse receipt data: 2976
.

Fundamentally, affected by the insufficient follow-up of downstream demand, plastic inventories have increased, but linear inventory growth is limited, and in the later stage, some devices of the G20 summit are stopped, and the high pressure of the planned new capacity equipment is not much pressure on LLDPE supply, and it is expected that the short-term LLDPE price range will fluctuate
.