Liansu low open oscillation intraday shrinkage and position reduction

News: Yuyao PE market price rises, the factory price of enterprises is partially raised, traders offer high prices, some supply is tight, and the market transaction is acceptable
.
The PE price in Changzhou market is partially adjusted, the factory price of the enterprise is partially adjusted, the market transaction atmosphere is general, and the merchants will ship goods with the market
.
The offer price of the Guangzhou PE market fell, the market waited and watched, and the real transaction was negotiated
.

Raw material price: naphtha CF Japan reported 702.
38 US dollars / ton, up 1.
37%; FOB Singapore was trading at $77.
91 a barrel, up 1.
59%.

ethylene CFR Northeast Asia 1270 US dollars / ton, up 10 US dollars; CFR Southeast Asia was trading at $1160 / ton, down $
25.

Spot price: Southeast Asia was quoted at $1210, unchanged; Far East reported 1180 yuan / ton, unchanged
.
Domestic price: North China Daqing reported 9650 yuan / ton, flat; East China Yuyao reported 9,700 tons, flat; South China Guangzhou reported 9700 yuan / ton, flat; Northwest Dushanzi reported 9700 yuan / ton, unchanged
.

The Liansu 1809 contract opened low and fluctuated, reduced its position during the session, and closed close to the support
below.
Fundamentally, the peak period of equipment maintenance has formed a certain support for the price, but the downstream demand is sluggish, and the slow decline in social inventory has suppressed it to a certain extent
.

Technically, the MACD indicator green bar has grown, and the KDJ indicator has entered the low area, indicating that the short-term trend is still weak
.
However, from the morphological point of view, it is currently approaching the strong support position
below.
Operationally, investors can take profits on the dip and settle their pockets
.