September 6 LLDPE morning review

Raw material prices: Japan naphtha CF Japan reported 375.
5 yuan / ton, down 3.
5; naphtha FOB Singapore reported 39.
43 US dollars / barrel, down 0.
08
.
Ethylene CFR Northeast Asia was flat at $1195/mt, while CFR Southeast Asia was at $1065/mt, down 5
%.

Spot price: the foreign spot market price is basically flat, and the Far East is reported at 1140 US dollars / ton, flat; The Middle East was flat at $1129/ton; The price in the domestic market was basically flat, with North China Daqing reporting 8800 yuan / ton, down 200; East China Yuyao Jilin Petrochemical 9350 tons, down 50; South China reported 9300 yuan / ton, down 150
.
Northwest Dushanzi reported 9100 yuan / ton, flat
.

News side: 1.
PE Sinopec South China linear downward adjustment: Mao 7042 fixed 9300, Guangzhou 7042 fixed 9400, 2001 fixed 9600, Fu 7042 fixed 9400, 7050 fixed 9550
.
2.
Dushanzi Petrochemical PE plant production report: the old low-voltage device produced 4801, the old full-density production 0209AA, the new low-voltage device stopped on September 2, the new low-voltage device drove up on September 5 produced 5502, the new full-density first-line device produced 7042, and the second-line device produced 8008
.

Warehouse receipt data: 8048
.

At present, inventories remain in a medium-high position, September delivery is approaching and other factors, futures prices have a short-term correction, but after the G20 summit, downstream factories will restart, orders will increase, it is expected that after inventory digestion, prices still have room
to rise.