July 11 LLDPE morning review

Raw material prices: Japan naphtha CF Japan reported 396.
5 yuan / ton, down 18.
75; naphtha FOB Singapore reported 42.
36 US dollars / barrel, up 2.
09
.
Ethylene CFR Northeast Asia was at $1135/ton, up 10, and CFR Southeast Asia was flat at $1095/ton
.

Spot prices: foreign spot market prices are basically flat, and Far East is flat at $1130 / ton; The Middle East was flat at $1120/mt; Domestic market prices rose slightly, North China Daqing reported 9100 yuan / ton, flat; East China Yuyao Jilin Petrochemical 9250 tons, down 150; South China reported 9500 yuan / ton, flat
.
Northwest Dushanzi reported 9150 yuan / ton, unchanged
.

News side: 1, Fushun petrochemical PE plant old low-voltage device production 2911; Full-density unit production 7042N; The new low-voltage unit is shut down for processing and is ready to switch to 9455F1
next week.

Warehouse receipt data: 4.

Fundamentally, in the short term, due to the non-opening of petrochemical at the end of the month and the high price of the downstream on the weak enthusiasm of high-priced raw materials, the increase in petrochemical inventory, the lack of follow-up of downstream profit rise, most of them take goods on demand, the stocking sentiment is not high, the supply and demand side weakens, and the futures price has a pullback
.