August 25 LLDPE morning review

Raw material prices: Japan naphtha CF Japan reported 399 yuan / ton, down 5.
5; naphtha FOB Singapore reported 42.
13 US dollars / barrel, down 0.
61
.
Ethylene CFR Northeast Asia was at $1175/ton, up 15, and CFR Southeast Asia was flat at $1070/ton
.

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 $1128/mt; The price in the domestic market was basically flat, with North China Daqing reporting 9200 yuan / ton, up 100; East China Yuyao Jilin Petrochemical 9500 tons, up 50; South China News 9450 yuan / ton, flat
.
Northwest Dushanzi reported 9050 yuan / ton, unchanged
.

News: 1.
PE output in July 2016 was 1.
182 million tons, an increase of 4.
2% over the same period last year (1.
134 million tons), of which LDPE output was 224,000 tons, HDPE output was 379,000 tons, and LLDPE output was 451,000 tons
.
2.
The guidance price of CNPC North China linear listing increased by 100 (except 0209), and the direct price of Fushun increased by 200
.

Warehouse receipt data: 5411
.

Fundamentally, petrochemical inventories have decreased slightly this week, some have gradually entered a maintenance state, coupled with the peak demand season, it is expected that supply will continue to decrease, and there are not many goods delivered in September, which has limited impact on the market, and prices are expected to remain strongly volatile
.