July 20 LLDPE morning review

Raw material prices: Japan naphtha CF Japan reported 392.
62 yuan / ton, up 4.
24; naphtha FOB Singapore reported 41.
93 US dollars / barrel, up 0.
47
.
Ethylene CFR Northeast Asia was flat at $1135/mt, and CFR Southeast Asia was flat at $1085/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; Domestic market prices fell slightly, North China Daqing reported 9100 yuan / ton, flat; East China Yuyao Jilin Petrochemical 9150 tons, flat; South China News 9350 yuan / ton, flat
.
Northwest Dushanzi reported 9150 yuan / ton, unchanged
.

News side: 1, China Coal Shaanxi Yulin Energy Chemical Polyethylene Plant has a production capacity of 300,000 tons / year, which will stop on the 15th and is expected to stop for about
a week.
On the 19th, the delivery price in North China dropped by 50 yuan / ton to 8950 yuan / ton
.
2.
The guidance price of 7042 and 9047 of CNPC North China Company is 9000 yuan / ton
.

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
.