July 18 LLDPE morning review

News side: 1.
China Coal Shaanxi Yulin Energy Chemical Polyethylene Plant has a production capacity of 300,000 tons / year, which has been stopped and is expected to be stopped for about
a week.
From the 16th to the 18th, the distribution price in North China was reduced by 100 yuan / ton to 9100 yuan / ton
.

Raw material prices: Japan naphtha CF Japan reported 392.
62 yuan / ton, up 4.
24; naphtha FOB Singapore reported 41.
93 US dollars / barrel, down 0.
47
.
Ethylene CFR Northeast Asia was flat at $1135/mt, and CFR Southeast Asia was flat at $1085/mt
.

Spot price: foreign spot market price was basically flat, Far East reported 1130 US dollars / ton, down 2; The Middle East was reported at $1118/ton, down 2; Domestic market prices fell slightly, North China Daqing reported 9100 yuan / ton, down 50; East China Yuyao Jilin Petrochemical 9150 tons, down 50; South China News 9350 yuan / ton, flat
.
Northwest Dushanzi reported 9150 yuan / ton, unchanged
.

Warehouse receipt data: 64
.

Fundamentally, the short-term downstream has a weak impact on the enthusiasm of high-priced raw materials, petrochemical inventories increase, downstream profit rise follow-up is insufficient, most of them take goods on demand, stocking sentiment is not high, supply and demand side weakened, short-term upward momentum is limited, but the middle line with the increase in demand in the downstream peak season and the decrease in supply, the middle line is still bullish
.