Liansu accelerated to fall back The bears' strength strengthened slightly

News: The average price of CFR Northeast Asia ethylene was $960/ton, up $10/ton
from the previous trading day.
The average price of CFR Southeast Asian ethylene was 900 US dollars / ton, which was stable
from the previous trading day.

Spot market: The domestic polyethylene market continued to decline
.
In terms of petrochemicals, the low-pressure opening price of the main regional sales companies has been mostly reduced, ranging from
100-150 yuan / ton.
Linear futures continue to decline, the spot trading atmosphere is not good, merchants underreport transactions, and real inversions are common
.
As of the morning close, prices in North China fell by 50-150 yuan / ton; East China fell 50-100 yuan / ton; South China fell by 100 yuan / ton; The southwest region fell by about 100 yuan / ton
.

Warehouse receipt inventory: exchange warehouse receipt reported 100 lots; In the all-time low area, +0 lots
within the day.
Main positions: The top 20 long positions in the main contract are 161780 lots, +22189 lots, short positions are 182203 lots, +15806 lots, and net long positions are -20423 lots, +6383 lots
.

Summary: The high volatility of crude oil, the general downstream demand for plastics, and the high inventory of the two oils suppressed
the price of LLDPE.
Technically, the L1909 contract is volatile lower, and the upper moving average still puts some pressure
on it.
The trading volume and position volume have risen sharply, and the main position shows that the main position increase of the long party is greater than the main position increase of the short force, and the long party is dominant
.
The indicator MACD retreated slightly, the green bar elongated, and the KDJ indicator hovered low, indicating a slight strengthening
of bearish strength.
Operationally, investors can reduce their holdings
when there is a sharp drop in their hands.