June 13 LLDPE morning review

News side: 1.
Shenhua Xinjiang originally planned to carry out trial production of polyolefin around June 10, but it is now heard that the plan has been postponed to the end of June, and the specific situation will continue to be followed
.
Shenhua Xinjiang has a high-pressure production capacity of 270,000 tons/year, and a production capacity of 2426H
after start-up.
2.
The total amount of PE social stocks this week increased by less than 500 tons compared with the previous cycle (June 1), an increase of about
0.
1%.

Raw material prices: 1, Japan naphtha CF Japan reported 432.
62 yuan / ton, down 5.
63; naphtha FOB Singapore reported 46.
19 US dollars / barrel, down 0.
58
.
Ethylene CFR Northeast Asia was flat at $1,055/mt, and CFR Southeast Asia was flat at $1,045/mt
.

Spot prices: foreign spot market prices were basically flat, and Far East reported 1085 US dollars / ton, flat; The Middle East was flat at $1075/mt; Domestic market prices fell slightly, North China Daqing reported 8600 yuan / ton, flat; East China Yuyao Jilin Petrochemical 8800 tons, down 100; South China reported 8900 yuan / ton, up 100
.
Northwest Dushanzi reported 8650 yuan / ton, unchanged
.

Warehouse receipt data: 68.

Summary: In the short term, affected by some equipment inspection and repair workers, social inventory has increased slightly, but the downstream enthusiasm for high-priced raw material procurement is weak, which limits the price increase momentum
.