The continuous plastic shock closed up with a wide range of oscillations

News side: 1, Sichuan ethylene PE plant dynamics: full-density plant production 7042, low-voltage device failure temporary shutdown for 3 days, planned to start up production of 9455F
on the 23rd.

Raw material prices: Japan naphtha CF Japan reported 583.
62 US dollars / ton, up 9; Naphtha FOB Singapore was trading at $63.
89 a barrel, up 0.
66
.
ethylene CFR Northeast Asia 1295, flat; CFR Southeast Asia was flat at $1255/mt
.

Spot prices: foreign spot market prices rose slightly, the Far East reported 1190 yuan / ton, flat, the Middle East reported 1165 yuan / ton, up 5
.
Market prices rose slightly, with North China Daqing reporting 9800 yuan / ton, up 100; East China Yuyao Jilin Petrochemical 9800 tons, up 100; South China Guangzhou reported 10,000 yuan / ton, flat; Northwest Dushanzi reported 9800 yuan / ton, unchanged
.

Summary of views: Short-term PE and PP inventories remain relatively low, coupled with the strong black price of upstream crude oil, which has cost support and limits its downward space, but the insufficient follow-up of downstream demand and the gradual rise of supply margin limit its upside, and the futures price may maintain a wide range of
shocks.

LLDPE1801 contract opened higher and went higher, below to test support around 9600, above focus on testing pressure around 9800, if the futures price stands firm at 9800 then further bullish, otherwise wait and see
.