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    Home > Chemicals Industry > New Chemical Materials > July 1 LLDPE morning review

    July 1 LLDPE morning review

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    On Thursday, the LLDPE1609 contract closed in volatility, with the short-term below testing the first line of support near 8800, the second line of support around 8600, and the upper test of pressure around 9300, and the KDJ indicator was in overbought territory
    .

    LLDPE

    News side: 1.
    Pucheng clean energy full-density polyethylene plant capacity is 300,000 tons/year and 7042
    .
    Today, the listing price of 7042 factory rose by 20 yuan / ton to 8770 yuan / ton
    .
    2.
    Yangzi Petrochemical PE linear plan to turn 1802, low-voltage A line production 5000S
    .
    Line B produces 5505T
    .
    C line produces 4902T (pipe).

    Note: The linear unit is scheduled to be shut down for maintenance
    from July 28 to August 5.

    Raw material prices: Japan naphtha CF Japan reported 419.
    88 yuan / ton, 5.
    5; naphtha FOB Singapore reported 45.
    03 US dollars / barrel, up 0.
    61
    .
    Ethylene CFR Northeast Asia was at $1095/ton, up 5, and CFR Southeast Asia was at $1065/ton, up 5
    .

    Spot price: the foreign spot market price is basically flat, and the Far East is reported at 1120 US dollars / ton, flat; The Middle East was flat at $1110/mt; Domestic market prices rose slightly, North China Daqing reported 8900 yuan / ton, flat; East China Yuyao Jilin Petrochemical 8950 tons, flat; South China reported 9200 yuan / ton, up 120
    .
    Northwest Dushanzi reported 8850 yuan / ton, unchanged
    .

    Warehouse receipt data: 63
    .

    Fundamentally, near the end of the month traders open a single task to take goods, petrochemical linear inventory overall low, factory prices firm, in the later stage, the market for high-priced raw materials procurement enthusiasm is low, coupled with futures premium spot, some bulls took profits, it is expected that short-term futures prices have limited room to rise
    .
    It is expected that the short-term upside of the futures price is limited, there are pullback requirements, and it is expected to remain in the 8600-9300 range in the short term, which is weak, and it is recommended that short orders around 9200 yesterday continue to hold
    .

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