Lianplastic test low rebound, short-term trend weakened

In terms of news, after verification by Longzhong Information, there will be 6 sets of PE devices in 2020 to determine the production enterprises (if verified by Xiaobian from enterprise to company, the device will definitely be put into operation, and the time may be slightly different, everyone understands).

If the new production capacity of 4 million tons is launched as scheduled, the PE production capacity will reach 23.
61 million tons in 2020 (including Zhong'an United and Baofeng Phase II in 2019, with a production capacity of 19.
61 million tons), an increase of 20.
4%.

In the spot market, most of the domestic polyethylene market fell, with a range of 50-150 yuan / ton
.
In terms of enterprises, the opening price of the main regional sales companies was raised by individual brands with low pressure, and most of the rest were stable
.
Linear futures open low and go low, suppressing the mentality of merchants, actively letting profits and shipments, and the real transaction is general
.
Most of the spot market in North China fell by 50-100 yuan / ton, and some grades were 150 yuan / ton; The supply of high pressure in East China is still tight, the linear price fell by 50 yuan / ton, and the low pressure did not change much; The high pressure and linear decline in the South China market were 50 yuan / ton, and the low pressure price was relatively firm
.

Warehouse receipt inventory: exchange warehouse receipts reported 1563 lots, +0 lots today; In the historical median zone
.

Main positions: The top 20 long positions in the main contract are 172100 lots, -2269 lots, short positions are 234080 lots, -1370 lots, and net long positions are -61980 lots, -899 lots
.

Summary: Tensions between the United States and Iran and peak equipment maintenance supported LLDPE prices
.
However, after a sustained rise, there are certain signs of overbought in the short term, which suppresses
the price.
Technically, the short-term trend of the current L1909 contract has weakened, but the lower moving average still forms some support
for the price.
The indicator MACD flattened at the high, the red bar contracted, and the KDJ indicator showed signs
of a retreat from the high.
Operationally, investors can hold short orders cautiously
.