Lianplastic shock fell back The 10-day moving average was suppressed obviously

News side: Yuyao PE market: CNPC 2426H reported 9600, Lanhua 5000S reported 10600, CNPC 7042 reported 9400, Fushun 7260 reported 10200, 7750M reported 10500, Dushanzi 5502 reported 10450, 8008 reported 10600, Shenhua 2426H reported 9400, 7042 reported 9200
.
(: yuan/ton) The main futures price fell in the morning, the factory price of enterprises was partially lowered, the quotation of traders was partially reduced, and the market transaction was poor
.

Raw material prices: naphta CF Japan reported 570.
25 US dollars / ton, up 1.
11%; FOB Singapore was trading at $62.
06 a barrel, up 1.
11 percent
.
ethylene CFR Northeast Asia 1335, flat; CFR Southeast Asia was flat at $1250/mt
.

Spot price: Far East reported 1205 yuan / ton, flat, Southeast Asia reported 1225 yuan / ton, flat
.
North China Tianjin Daqing reported 9250 yuan / ton, flat; East China Yuyao Daqing Petrochemical 9400 tons, flat; South China Guangzhou Maoming reported 9500 yuan / ton, flat; Northwest Dushanzi reported 9500 yuan / ton, unchanged
.

The 1805 contract fell back in shock, and the 10-day moving average was suppressed obviously
.
Fundamentally, traders' inventories are high, downstream demand is weak, and spot prices fall to a certain extent to suppress
futures prices.

Technically, the LLDPE1805 contract has pressure and support below, and is looking for direction
in the short term.
In terms of technical indicators, the MACD green column is shortened, the KDJ indicator is hovering at a low level, and the short-term trend is still weak
.
The future market will pay attention to whether the 9050 line can form an effective support
.

Operationally, aggressive investors can plunge to the 9060 line early next week to try to rebound, and prudent investors continue to wait and see, waiting for the trend to clear
.