Even plastic low open high go high It is recommended to go long on the dip

News side: 1.
Qilu Petrochemical's 120,000 tons/year linear device production is 5000S, 140,000 tons/year low-pressure first-line production is 2480, second-line production QHM22F, 250,000 tons/year new low-voltage device is 2480, 140,000 tons/year high-voltage device is 2102TN00
.

Raw material prices: Japan naphtha CF Japan reported 607 tons, up 5.
75; naphtha FOB Singapore reported 66.
34 US dollars / barrel, up 0.
55
.
ethylene CFR Northeast Asia 1360, flat; CFR Southeast Asia was flat at $1270/mt
.

Spot price: The foreign spot market price is basically flat, the Far East reported 1200 yuan / ton, flat, the Middle East reported 1174 yuan / ton, flat
.
Market prices rose, North China Daqing reported 9800 yuan / ton, flat; East China Yuyao Jilin Petrochemical 10,000 tons, flat; South China Guangzhou reported 10,000 yuan / ton, flat; Northwest Dushanzi reported 9800 yuan / ton, unchanged
.

In terms of short-term plastic supply, plant operating rates rebounded, and inventories edged higher month-on-month; On the demand side, the operating rate of downstream mulch film has gradually rebounded and pre-holiday stocking
.
Due to the pre-holiday replenishment and the increase in social inventory, it is relatively low and short-term positive for plastics, but with the rise of domestic prices, the opening of the import arbitrage window and the downstream enthusiasm for high-priced raw materials, the basis discount and other impacts, will limit the upside
of prices.

Technically, LLDPE1805 contract opens low and goes high, short-term lower test of support around 9900, upper test of pressure around 10200, KDJ indicator turned upward, short-term or strong oscillation, it is recommended to go long
on the dip.