Liansu opened high and went low, and reduced positions during the session

News side: Guangzhou PE market offer price adjustment, linear product market transaction price is about 9200-9250 yuan / ton, the market is mainly wait-and-see, real transaction negotiation
.
Yuyao PE market price is stable, the main futures opened high and fell in the morning, the factory price of enterprises is stable, traders offer stable compared with yesterday, and the market transaction is acceptable
.
It is expected that the linear transaction range is around
9200-9300 yuan / ton.
Qingdao market offer adjustment, the range is about 50-100 yuan / ton, the market transaction is more negotiable, it is expected that the Iranian 2102TX00 transaction price is about
9600 yuan / ton.

Raw material price: naphtha CF Japan reported 642 US dollars / ton, up 1.
52%; FOB Singapore was trading at $70.
3 a barrel, up 1.
44 percent
.
ethylene CFR Northeast Asia 1375 US dollars / ton, flat; CFR Southeast Asia was flat at $1260/mt
.

Spot prices: Southeast Asia was flat at $1170; Far East reported 1150 yuan / ton, flat
.
Domestic prices: North China Daqing reported 9200 yuan / ton, up 50 yuan; East China Yuyao reported 9,300 tons, flat; South China Guangzhou reported 9200 yuan / ton, flat; Northwest Dushanzi reported 9,400 yuan, down 200 yuan
.

Liansu 1809 contract opened high and went low, intraday shrinkage and position reduction
.
Fundamentals coexist with long and short, the central mother's directional reduction of the standard, the peak period of equipment maintenance to form a certain support for the price, but the escalation of the Sino-US trade war, the sluggish downstream demand, and the slow decline in social inventory have suppressed it to a certain extent
.

Technically, the MACD indicator green column shortened, the KDJ indicator low showed signs of low, and the short-term technical rebound may still come out, but the upward pressure is obvious
.
Operationally, it is recommended that investors wait and see for the time being
.