Lianplastic increased positions fell and futures prices came under pressure to the downside

News: The performance of the domestic polyethylene market is still weak
.
In terms of petrochemicals, the prices of petrochemical enterprises in domestic mainstream regions are mostly stable, and the opening of orders is suspended at the end of some months, market circulation resources are reduced, the spot trading atmosphere is still poor, and merchants continue to underreport, among which the decline of low-pressure varieties is relatively obvious
.
The high pressure and linear stability in the North China market are temporarily stable, and the low pressure part is reduced by 50-150 yuan / ton; The East China market continued to fall, with a range of 50-100 yuan / ton; The linear and low-pressure parts in South China fell by about
100 yuan / ton.

Raw material price: naphtha CF Japan reported 641.
2 US dollars / ton, +0.
63%; FOB Singapore is trading at $69.
52/b, +0.
64%.

ethylene CFR Northeast Asia 930 US dollars / ton, -6.
06%; CFR Southeast Asia was trading at $845/mt, -7.
14%.

Spot price: Southeast Asia quoted at $1130, +0%; Far East reported 1080 yuan / ton, -0.
92%.

Domestic price: North China Daqing reported 9450 yuan, -0%; East China Yuyao reported 9600 yuan, -0%; South China Guangzhou 9850 yuan, -0.
51%; Northwest Dushanzi 9700 yuan, +0%.

Liansu 1901 contract increased its position and fell, indicating that the short-term weakness is still there
.
Fundamentally, the sharp decline in ethylene prices in Asia has suppressed
PE prices.

Technically, the short-term moving average has fallen, the futures price has come under pressure to the downside, MACD continues to decline, KDJ oscillates to the downside, and the short-term remains weak
.
Operationally, investors set short orders in their hands to take profit and hold
them cautiously.