July 27 LLDPE morning review

Raw material prices: Japan naphtha CF Japan reported 381.
25 yuan / ton, up 4.
87; naphtha FOB Singapore reported 40.
48 US dollars / barrel, up 0.
42
.
Ethylene CFR Northeast Asia was flat at $1120/mt, and CFR Southeast Asia was flat at $1060/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 8700 yuan / ton, down 200; 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.
CNPC East China LLDPE pricing cut by 50-100
.
Jilin 7042 fixed 8900, Daqing/Dushanzi 7042 fixed 8850, Fushun / Sichuan 7042 fixed 8850, 7042N fixed 8850, Lanhua 7042H fixed 9050, 7042N fixed 8900, Dushanzi 7042N fixed 8850, Daqing 8320 fixed 9450
.
2.
Extend the China Coal PE plant has a shutdown and maintenance plan in August, the time is expected to be in early August, the cycle is one month, the DCC device is stopped first, and the MTO device is stopped
later.

Warehouse receipt data: 1080
.

Fundamentally, downstream demand follow-up is insufficient, petrochemical inventories increase, some regions reduce factory prices, suppress the futures market, the future market pays attention to the demand season and G20 summit some equipment parking, the impact on market supply, due to the short-term inventory is relatively high compared to the previous period, the price upward momentum is limited, it is expected that plastics will maintain range volatility
.