Liansu bardo closed with a significant intraday increase

News: On March 7, some petrochemical stocks in the four major regions were about 69,600 tons, down 3,540 tons from the previous statistical day on February 28, a decrease of about
5.
09%.
Among them, the high pressure decreased by 340 tons, the low pressure decreased by 3460 tons, and the linear increase was 260 tons
.
This week's average operating rate is down 10% from last week to around
91%.

Raw material prices: Naphtha CF Japan reported $565/ton, down 3.
38%; FOB Singapore was trading at $61.
51 a barrel, down 0.
68 percent
.
ethylene CFR Northeast Asia 1300, up $30; CFR Southeast Asia was trading at $1230 a tonne, up $
30.

Spot price: Far East reported 1210 yuan / ton, flat, the Middle East reported 1184 yuan / ton, flat
.
North China Tianjin Daqing reported 9480 yuan / ton, flat; East China Yuyao Daqing Petrochemical 9550 tons, flat; South China Guangzhou Maoming reported 9450 yuan / ton, down 100 yuan; Northwest Dushanzi reported 9550 yuan / ton, unchanged
.

Today, the LLDPE1805 contract fell in volatility, and the weak pattern remained unchanged
.
Fundamentally, traders' inventories are high, downstream demand is weak, and spot prices have loosened, forming a certain suppression
of futures prices.
After the continuous decline of the future market, whether it will cause the replenishment behavior of the demander
.

Technically, the LLDPE1805 contract closed in the negative, and the intraday increase was obvious
.
But after five days of consecutive declines, there is already demand
for a rebound in the short term.
The KDJ dead fork is downward, the MACD red bar is shortened, and it is still weak
in the short term.

Operationally, aggressive investors can take profits tomorrow on the dip, and then regain after the rebound, and stable investors continue to hold
cautious mid-line short orders.