May 9 LLDPE morning review

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

Raw material prices: 1, Japan naphtha CF Japan reported 387.
25 yuan / ton, down 7.
75; naphtha FOB Singapore reported 41.
12 US dollars / barrel, down 0.
97
.
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 1165 tons, down 5; East reported 1155 US dollars / ton, down 5; Domestic market prices fell, North China Daqing reported 8550 yuan / ton, down 100; East China Yuyao Jilin Petrochemical 8850 tons, flat; South China reported 9100 yuan / ton, flat
.
Northwest Dushanzi reported 8650 yuan / ton, down 50
.

Warehouse receipt data: 1789.

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