July 28 LLDPE morning review

Raw material prices: Japan naphtha CF Japan reported 371.
25 yuan / ton, down 10; Naphtha FOB Singapore was trading at $39.
35 a barrel, down 1.
13
.
Ethylene CFR Northeast Asia was at $1095/ton, down 25, and CFR Southeast Asia was at $1035/ton, down 25
.

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, flat; East China Yuyao Jilin Petrochemical 9,050 tons, up 50; South China reported 9150 yuan / ton, down 50
.
Northwest Dushanzi reported 8850 yuan / ton, unchanged
.

News side: 1.
The linear guidance price of CNPC North China Company is 100 yuan / ton
lower than the listed price.
2, Pucheng clean energy full-density polyethylene plant capacity of 300,000 tons / year, last week the device did not produce normally, according to Longzhong understanding, today the device is still not produced, is expected to start
this week.

Warehouse receipt data: 1260
.

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
.