Lianplastic shock rises, and there are signs of success in building a bottom in the short term

News parents, the total inventory of PE of the two barrels of oil this week fell slightly, down 1.
16% week-on-week and 5.
08%
year-on-year.
Among them, Sinopec's PE inventory decreased by 15.
67% week-on-week; CNPC PE inventories increased by 6.
58%
week-on-week.
Coal chemical enterprise inventories rose, of which linear inventories did not change much, and high-pressure inventories increased
.
According to Longzhong Information statistics, the PE inventory of coal chemical enterprises in this cycle increased by 2.
31%
week-on-week.
Trader inventories rose 0.
58%
week-on-week.

In the spot market, the domestic polyethylene market is acceptable, and some of the center of gravity has moved
up in a narrow range.
In terms of enterprises, the low-pressure and linear opening price of the main regional sales company was partially increased, with a range of 50-100 yuan / ton
.
Linear futures are higher, merchants hold a positive attitude towards shipments, the center of gravity of shipments is not large, the downstream maintains the pace of on-demand procurement, and the real negotiation is completed
.
As of the close of the morning, the price in North China fluctuated by 30-100 yuan / ton; The fluctuation range in East China is 50-150 yuan / ton; The South China market is 100-250 yuan / ton
.

Warehouse receipt inventory: exchange warehouse receipt reported 1539 lots, intraday -0 lots; In the historical median zone
.
Main positions: The top 20 long positions in the main contract are 189693 lots, -8894 lots, short positions are 260949 lots, -9538 lots, and net long positions are -71256 lots, +644 lots
.

Summary: Downstream demand generally suppresses the price of continuous plastics, but the price of LLDPE is supported
by US sanctions against Iranian chemical companies and the peak of plant maintenance.
Technically, the current L1909 contract has broken through the suppression of the upper moving average, and there are signs
of success in building a bottom in the short term.
The indicator MACD low golden cross, red bar elongation, KDJ indicator also rose, indicating that short-term bulls have the advantage
.
In terms of operation, investors can continue to hold long positions in their hands cautiously, and conditional investors can also close their long positions when they rush up quickly, and take them back
after they return.