Even plastic increased positions fell back and rebounded back to short orders

News: The domestic polyethylene market continues to be weak, the high and low pressure prices of petrochemical enterprises are partially reduced, and the market merchants are empty, but due to the reduction of circulating resources at the end of the month, the overall decline is limited
.
High pressure and low pressure hollow, film material, injection molding in North China reduced 50-200 yuan / ton; East China market high pressure and most low pressure drop 50-200 yuan / ton; In South China, low-pressure hollow and pipe fell by 100-200 yuan / ton
.

Raw material price: naphtha CF Japan reported 637.
12 US dollars / ton, -0.
31%; FOB Singapore is trading at $69.
08/b, -0.
33%.

ethylene CFR Northeast Asia 990/ton, -3.
88%; CFR Southeast Asia was trading at $910/mt, -4.
21%.

Spot price: Southeast Asia quoted at $1130, +0%; Far East reported 1090 yuan / ton, -0%.

Domestic price: North China Daqing reported 9550 yuan, -0.
52%; East China Yuyao reported 9650 yuan, -0%; South China Guangzhou 9900 yuan, -0%; Northwest Dushanzi 9600 yuan, -0%.

Liansu 1901 contract increased its position and fell, indicating that the short-term weakness is still there
.
Fundamentally, the pullback in crude oil and ethylene prices has suppressed
PE prices.
Technically, the current futures price is in the correction process after a sharp decline, the median MACD has fallen, the green column has shortened, the KDJ has fluctuated at a low level, and there has been a short-term divergence
.

In operation, conditional investors close their positions when they fall sharply, rebound back to receive short orders, and general investors set up short orders in their hands and hold them
cautiously.