Liansu fell slightly, and the rebound is expected to continue

News side: Daqing Petrochemical's old high-voltage plant produced 18D, and the new high-voltage device was converted to 2420D; The linear unit is shut down and cleaned, and it is expected to be converted to production 3711 after 4-5 days; The low-voltage device A line produces 5000S, B line produces 5000S, and C line produces 5000SC; The new full-density unit produced 6097 in the first line and 7042
in the second line.

Raw material prices: Naphtha CF Japan reported 557.
75 tons, down 1.
02%; FOB Singapore was trading at $60.
77 a barrel, down 1.
35%.

ethylene CFR Northeast Asia 1240, down $10; CFR Southeast Asia was trading at $1170 a tonne, down $
20.

Spot price: Far East reported 1210 yuan / ton, flat, the Middle East reported 1184 yuan / ton, flat
.
The domestic market rose steadily, with North China Tianjin Daqing reporting 9500 yuan / ton, flat; East China Yuyao Daqing Petrochemical 9600 tons, flat; South China Guangzhou Maoming reported 9550 yuan / ton, flat; Northwest Dushanzi reported 9550 yuan / ton, up 50 yuan
.

On Monday, the LLDPE1805 contract was volatile lower, testing the support of the lower moving average in the short term
.
Fundamentally, crude oil prices have fallen, and petrochemical inventories are high, which has formed a certain suppression
on futures prices.
However, petrochemical companies have a strong willingness to raise prices, spot prices are stable and rising to support prices, as downstream product enterprises gradually start work, it is expected to digest the high inventory
of petrochemical enterprises.

Technically, the LLDPE1805 contract fell slightly, the volume warehouse cooperation is still good, the KDJ indicator continues to rise, and the MACD indicator also appears at a low level of golden cross, and the rebound market is expected to continue
.
Operationally, investors can hold long orders at 9500 as a stop loss prudently, with the upper bid of 9740 yuan
.