Even plastic wide oscillation, short strategy prevails

News: Shenhua online PP auction transaction volume fell
significantly.
The data shows that polypropylene auctioned 4602 tons, (4648 in the previous trading day), and 3999 tons were traded (2851 in the previous trading day).

Most of them are sold at the reserve price, and some models are 5-10 yuan
higher than the reserve price.
Linear auction of 3826 tons, (3711 in the previous trading day), 2643 tons, (3285 in the previous trading day), most of them were traded at the reserve price, and some models were 5--10 yuan
higher than the reserve price.

Spot market: The domestic polyethylene market is lightly traded, and the center of gravity has shifted
downward.
In terms of petrochemicals, the linear opening price of the main regional chemical sales companies was mostly reduced, and the rest of the varieties were not greatly adjusted
.
Linear futures fluctuated lower, the spot market was not smooth, merchants' offers were lowered, and the actual orders were partially inverted
.
Imported resources are affected by factors such as floods in Iran, and prices are mixed
.
As of the close of the morning, the North China market fell slightly by 50 yuan / ton; The East China market dropped 100 yuan/ton linearly; The South China market fell by around 50 yuan / ton; The southwest market linearly fell by 50 yuan / ton
.

Warehouse receipt inventory: exchange warehouse receipt reported 0 lots; It is in the historically low area and stable
during the day.
Main positions: The top 20 long positions in the main contract are 132288 lots, +1675 lots, short positions are 164745 lots, +2902 lots, and net long positions are -32457 lots, -1227 lots
.

The firm price trend of crude oil has provided some support to Liansu, but the general downstream demand and high inventories of the two oils have suppressed
the price of LLDPE.
Technically, the L1909 contract was sorted out widely, and the 10-day moving average temporarily provided some support for it, and the trading volume shrank significantly, and the position volume increased
slightly.
The main position shows that the increase in the position of the main force of the long party is smaller than that of the main force of the short side, and the short side is slightly superior
.
The indicator MACD flattened, the red bar contracted, and the KDJ indicator high dead cross, there are signs of downside, indicating that the bears have the upper
hand.
Operationally, investors hold short orders cautiously and pay attention to the support of the 8400 line
.