Continuous plastic volatility higher, position volume continued to increase slightly

News side: As of July 31: polyethylene petrochemical capacity utilization rate is around 83%, down 5%
from last week.
On August 1, Daqing Petrochemical's 240,000-ton low-pressure device began maintenance, planned for 30 days, today Shenhua Ningcoal's 450,000-ton linear device, began maintenance and maintenance, planned to restart on September 30, tomorrow Shenhua Xinjiang's 300,000-ton high-pressure device began maintenance, planned for 25 days
.
The combined affected production capacity of the three companies is 990,000 tons
.

Raw material price: naphtha CF Japan reported 664.
38 US dollars / ton, down 1.
35%; FOB Singapore was trading at $73.
57 a barrel, down 0.
50%.

ethylene CFR Northeast Asia 1350 US dollars / ton, flat; CFR Southeast Asia was flat at $1235/mt
.

Spot price: Southeast Asia reported $1120, down $5; Far East reported 1100 yuan / ton, unchanged
.
Domestic price: North China Daqing reported 9600 yuan, flat; East China Yuyao reported 9600 yuan, flat; Guangzhou in South China 9700 yuan, up 100 yuan; Northwest Dushanzi 9650 yuan, flat
.

The Liansu 1901 contract fluctuated higher, and the position continued to increase
slightly.
Fundamentally, petrochemical companies raised prices and the decline in social inventories formed a certain support for prices, but after many days of rise, there was a certain profit selling pressure
in the short term.

Technically, the MACD indicator oscillates higher, while the KDJ indicator continues to be in a state of top divergence, which needs to be protected against technical adjustments
in the short term.
In terms of operation, investors set a take profit in their hands and hold
it cautiously.