May 5 LLDPE morning review

News side: 1, Ningxia Baofeng's 300,000 tons/year polyethylene plant stopped yesterday night, and it is planned to stop for about
1 month.
2.
The LLDPE price of CNPC North China Company was lowered by 100 to 8600-8700
.

Raw material prices: 1, Japan naphtha CF Japan reported 394 yuan / ton, down 9; Naphtha FOB Singapore was trading at $41.
96 a barrel, down 1
.
Ethylene CFR Northeast Asia was flat at $1190/mt, and CFR Southeast Asia was flat at $1145/mt
.

Spot prices: foreign spot market prices rose slightly, Far East reported 1170 tons, up 40; East News 1160 US dollars / ton, Zhang 40; Domestic market prices fell, North China Daqing reported 8650 yuan / ton, down 50; East China Yuyao Jilin Petrochemical 8850 tons, down 50; South China reported 9100 yuan / ton, flat
.
Northwest Dushanzi reported 8750 yuan / ton, down 200
.

Warehouse receipt data: 1789, an increase of 105 from the previous trading day

Affected by the accumulation of Wuyi Petrochemical inventory, short-term petrochemical inventories have increased, ex-factory prices have been lowered in some areas, and the market has gradually turned into the off-season, insufficient demand follow-up, coupled with the gradual resumption of equipment maintenance in the future, and the successful commissioning of China Coal Mengda, the price upward momentum is insufficient, and it is expected to maintain a weak range in the short term
.