Liansu low opening oscillation positions increased

News: As of April 3, the capacity utilization rate of polyethylene petrochemical is around 99%, an increase of 3%
from last week.
From a regional point of view, East China continues to be overloaded, and other regions have not changed much
.

Raw material prices: naphta CF Japan reported 590.
62 US dollars / ton, down 1.
93%; FOB Singapore was trading at $65.
42 a barrel, down 2.
1 percent
.
ethylene CFR Northeast Asia 1380, down $5; CFR Southeast Asia was flat at $1285/mt
.

Spot price: Southeast Asia reported 1190 yuan / ton, unchanged
.
Far East reported 1170 yuan / ton, up $
10.
North China Tianjin Daqing reported 9400 yuan / ton, flat; East China Yuyao Daqing Petrochemical 9550 tons, flat; South China Guangzhou Maoming reported 9450 yuan / ton, down 50 yuan; Northwest Dushanzi reported 9500 yuan / ton, unchanged
.

Affected by the crude oil pullback, L1809 opened low and fluctuated today, with an increase in positions and more short positions
.
Fundamentally, crude oil prices have fallen, inventories are high, and downstream demand may suppress futures prices in the off-season, but Asian ethylene prices are firm, and spot prices are rebounding to support
it.

Technically, today's L1809 is under pressure at the 20-day moving average, and the intraday breakdown of the lower support shows that the upper pressure is greater
.
The KDJ indicator is showing signs of turning around, and the MACD low gold cross continues to rise, indicating that the short-term market still diverges.

In terms of operation, investors hold long orders with 9100 yuan as the stop loss level
cautiously.