Even plastic rushing high and falling back You can try to go long on the dip

News side: 1.
Qilu Petrochemical's 120,000 tons/year linear device produces 7151U, 140,000 tons/year low-voltage first-line production is 2480, second-line production QHM22F, 250,000 tons/year new low-voltage device produces B445, 140,000 tons/year high-voltage device produces 2102TN26
.

Raw material prices: Japan naphtha CF Japan reported 598.
5 tons, down 8.
5; naphtha FOB Singapore reported 65.
42 US dollars / barrel, down 0.
92
.
ethylene CFR Northeast Asia 1330, down 30; CFR Southeast Asia was trading at $1240/mt, down 30
%.

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 stone 9950 tons, up 50; South China Guangzhou reported 10,050 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; In terms of demand, the operating rate of downstream mulch film has gradually rebounded and some manufacturers have stocked up before the holiday
.
Due to the pre-holiday replenishment and the increase in social inventory, it maintained a relatively low level and was favorable to plastics in the short term, but with the rise of domestic prices, the opening of the import arbitrage window and the impact of the downstream on the weak enthusiasm of high-priced raw materials to take goods, and the basis discount limit the upside of prices
.

Technically, LLDPE1805 contract rushed back down, short-term lower test of support around 9800-9900, upper test of pressure around 10000, short-term maintenance in the 9800-10000 range oscillation, you can try to go long on the dip, stop loss 9700
.