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    Home > Chemicals Industry > New Chemical Materials > June 24 LLDPE morning review

    June 24 LLDPE morning review

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    On Thursday, LLDPE1609 contract volatility closed higher, short-term below the test of support near the five-day line, above to test the pressure around 9000, the moving average below the plate shows a long arrangement, the bullish trend has not changed, but the short-term KDJ indicator is in the oversold area, the price may have a certain risk of pullback, it is recommended that some long take profit exit, short positions in the 8400-9000 range to adopt a bargain hunting strategy
    .

    LLDPE

    News: 1.
    On June 22, some petrochemical stocks in the four major regions were about 73,000 tons, an increase of more than 4,000 tons over the previous statistical day on June 15, an increase of about
    6.
    7%.

    Raw material prices: Japan naphtha CF Japan reported 435.
    62 yuan / ton, up 4.
    74; naphtha FOB Singapore reported 46.
    72 US dollars / barrel, up 0.
    53
    .
    Ethylene CFR Northeast Asia was at $1060/ton, up 10, and CFR Southeast Asia was flat at $1040/ton
    .

    Spot prices: foreign spot market prices were basically flat, with the Far East reported 1101.
    5 US dollars / ton, up 16.
    5; the Middle East reported 1090 US dollars / ton, up 15; Domestic market prices rose slightly, North China Daqing reported 8700 yuan / ton, flat; East China Yuyao Jilin Petrochemical 8950 tons, flat; South China News 9,000 yuan / ton, flat
    .
    Northwest Dushanzi reported 8750 yuan / ton, unchanged
    .

    Warehouse receipt data: 63
    .

    Fundamentally, PE traders opened orders to take goods in the middle and late months, petrochemical linear inventories were overall low, factory prices were firm, coal chemical listed prices increased, coupled with the expected strengthening of equipment maintenance and shed film demand in the future, boosting the futures price higher
    .

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