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    Home > Chemicals Industry > New Chemical Materials > May 19 LLDPE morning review

    May 19 LLDPE morning review

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    On Wednesday, the LLDPE1609 contract closed slightly lower, testing pressure near the five-day line above, focusing on support around 7800 below, and recommending intraday trading
    in the 7800-8150 range.

    LLDPE

    News side: 1.
    The total amount of PE social inventory this week decreased by more than 7,000 tons compared with the previous cycle (May 11), a decrease of about
    2.
    58%.
    2.
    The pricing of the LLDPE part of CNPC East China was reduced by 50
    .
    Fu/Chuan 7042/7042N 8700, Da/Du/Lan 7042/7042N 8700, Jihua 7042/7042N 8750, Lan 7042H 8850

    Raw material prices: 1, Japan naphtha CF Japan reported 430.
    5 yuan / ton, up 4.
    12; naphtha FOB Singapore reported 46.
    02 US dollars / barrel, up 0.
    53
    .
    Ethylene CFR Northeast Asia was flat at $1180/mt, and CFR Southeast Asia was flat at $1140/mt
    .

    Spot prices: foreign spot market prices fell slightly, Far East reported 1120 tons, down 15; East reported 1110 US dollars / ton, down 15; The price in the domestic market was basically flat, and North China Daqing reported 8600 yuan / ton, flat; East China Yuyao Jilin Petrochemical 8800 tons, flat; South China News 9,000 yuan / ton, flat
    .
    Northwest Dushanzi reported 8600 yuan / ton, unchanged
    .

    Warehouse receipt data: 2280.

    Near the end of the month, traders opened orders to take goods, petrochemical cleared inventory, the overall social inventory level decreased slightly, the spot market price was stable, and the expected futures price decline space was limited
    .

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