Continuous plastic narrow finishing The position volume has shrunk significantly

News: PE market quotations in North China are mixed today, high pressure fell by about 50 yuan / ton, low pressure wire drawing, injection molding rose by about 50 yuan / ton, linear Daqing 7042 due to less supply, up about
50 yuan / ton.
The high-pressure ex-factory price in the South China market was lowered by 100-150 yuan / ton, and the market fell by about 100-150 yuan / ton with the falling offer, and the low pressure and linear change were not large
.
The high pressure part of the market price in East China fell by about 100 yuan / ton, the linear decline was about 50 yuan / ton, and the low pressure fell by about
100 yuan / ton.

Raw material price: naphtha CF Japan reported 658.
88 US dollars / ton, up 0.
5%; FOB Singapore was trading at $71.
73 a barrel, up 0.
36%.

ethylene CFR Northeast Asia 1395 US dollars / ton, down 5 US dollars; CFR Southeast Asia was flat at $1270/mt
.

Spot price: Southeast Asia was flat at $1115; Far East reported 1100 yuan / ton, unchanged
.
Domestic price: North China Daqing reported 9600 yuan, flat; East China Yuyao reported 9600 yuan, down 50 yuan; South China Guangzhou 9650 yuan, flat; Northwest Dushanzi 9750 yuan, flat
.

Liansu 1901 contract is narrowly consolidated, the position volume has shrunk significantly, and the short-term trend is still weak
.
Fundamentally, the loosening of spot prices and the start of taxation in the second batch of lists in China and the United States have suppressed
it to a certain extent.
And the continuous rise in the early period, there is a certain pullback pressure
in the short term.

Technically, the MACD indicator is moving down from a high level, but the KDJ indicator shows signs of flattening at a low level, and there is a divergence
in the technical indicators.
In terms of operation, it is recommended that investors set a take profit in their hands and hold
them cautiously.