LLDPE opens low and goes low to maintain weak oscillations

Raw material prices: Japan naphtha CF Japan reported 477.
25 yuan / ton, up 0.
75; naphtha FOB Singapore reported 52.
95 US dollars / barrel, up 0.
16
.
ethylene CFR Northeast Asia 1315 US dollars / ton, flat; CFR Southeast Asia was flat at $1125/mt
.

Spot price: The foreign spot market price is basically flat, the Far East reported 1130 yuan / ton, flat, the Middle East reported 1118 yuan / ton, flat
.
The market price was basically flat, North China Daqing reported 9700 yuan / ton, flat; East China Yuyao Jilin Petrochemical 9750 tons, flat; South China reported 9800 yuan / ton, flat
.
Northwest Dushanzi reported 9700 yuan / ton, unchanged
.

News side: 1.
The total amount of PE social inventory increased this week, an increase of about 36,000 tons over the same period last week, an increase of 7.
3%.

This week, petrochemical inventories continued to increase, although the downstream is in the peak demand season and some devices are stopped for maintenance, but the downstream consumer end has insufficient intention to receive goods, the supply side loss is limited, the petrochemical factory price is lowered, the short-term supply pressure is greater, suppressing the market price, pay attention to the downstream willingness to receive goods after the price
falls 。 Technically, LLDPE1705 contract volume increase position, gap low open low, futures price fell below the 9500-9600 adjustment range, below test 9300 first support, second support level 9000, above pay attention to the pressure near the five-day line, short-term or maintain a weak shock, it is recommended to rebound to the five-day line near the short
selling.