May 11 LLDPE morning review

Raw material prices: 1, Japan naphtha CF Japan reported 398 yuan / ton, up 10.
75; naphtha FOB Singapore reported 42.
32 US dollars / barrel, up 1.
2
.
Ethylene CFR Northeast Asia was flat at $1190/mt, and CFR Southeast Asia was flat at $1145/mt
.

Spot prices: foreign spot market prices fell slightly, Far East reported 1135 tons, down 15; East reported 1125 US dollars / ton, down 15; The domestic market price was basically flat, North China Daqing reported 8500 yuan / ton, flat; East China Yuyao Jilin Petrochemical 8750 tons, flat; South China News 9,000 yuan / ton, flat
.
Northwest Dushanzi reported 8550 yuan / ton, unchanged

News side: 1.
The overall operating rate of polyethylene petrochemical plants is around 74%, down 2 percentage points
from last week.
During the statistical period, East China was affected by the shutdown of Shanghai Petrochemical and BASF Yangzi plants, and the average operating rate in this region fell significantly, while the operating rate in other regions changed
slightly.

Warehouse receipt data: 1789
.

On the whole, the gradual resumption of equipment maintenance, the recovery of operating rate, the increase of social inventory, coupled with the terminal off-season, insufficient demand follow-up, short-term Shanghai Petrochemical and Yangzi Petrochemical temporary shutdown maintenance, operating rate declined, but the market supply is expected to increase after the start of equipment in the market, which will still limit the price upward momentum
.