July 26 LLDPE morning review

Raw material price: Japan naphtha CF Japan reported 376.
38 yuan / ton, down 15; Naphtha FOB Singapore was trading at $40.
06 a barrel, down 1.
67
.
Ethylene CFR Northeast Asia was at $1120/ton, down 15, and CFR Southeast Asia was at $1060/ton, holding

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 9,000 yuan / ton, flat; East China Yuyao Jilin Petrochemical 9,000 tons, flat; South China reported 9200 yuan / ton, flat
.
Northwest Dushanzi reported 8850 yuan / ton, unchanged
.

News side: 1.
The linear guidance price of CNPC North China Company dropped by 100, and the guidance price: 7042 is 8900 yuan / ton, 9047 is 8800 yuan / ton
.
2.
PE Zhongyuan Petrochemical linear 260,000 tons/year plant started up on the 24th, with an output of 7050
.

Warehouse receipt data: 1080
.

Fundamentally, near the end of the month, traders completed orders to take goods, and the return of the current price difference, which helps petrochemical inventory digestion, the market pays attention to the demand season and the G20 summit some equipment shutdown, the impact on market supply, due to the short-term inventory relative to the previous period, the price upward momentum is limited, it is expected that plastics will maintain range volatility
.