Liansu opened low and went high, and the position volume decreased

News: The domestic polyethylene market continues to decline, of which the low pressure decline is obvious
.
At the end of the month, there are not many circulating resources in the market, the high pressure and linear decline are slightly slow, the low pressure of low pressure shipments is large, and the center of gravity is wide and downward
.
Downstream bearish sentiment remains, and the overall trading atmosphere is weak
.
As of the noon close, the high pressure and low pressure in the North China market fell by 100-400 yuan / ton; The low-pressure film in the East China market fell by 100 yuan / ton; The low pressure in the South China market fell by 100-400 yuan / ton
.

Raw material price: naphtha CF Japan reported 482 US dollars / ton, +1.
37%; FOB Singapore is trading at $51.
63/b, +1.
47%.

ethylene CFR Northeast Asia 1010 US dollars / ton, -0%; CFR Southeast Asia is trading at $920/mt, -0%.

Spot price: Southeast Asia quoted $1050, -0%; Far East reported $990/mt, -3.
88%.

Domestic price: North China Daqing reported 9100 yuan, -0%; East China Yuyao reported 9150 yuan, -0.
54%; South China Guangzhou 9300 yuan, -0%; Northwest Dushanzi 9400 yuan, -0%.

The Liansu 1905 contract opened low and went high, the trading volume was significantly enlarged, and the position volume was reduced
.
Fundamentally, crude oil and naphta rebound have produced certain support for plastics; However, weak spot prices and sluggish downstream demand have suppressed
futures prices.

Technically, the MACD oscillation retreated, but the green bar became shorter, and the KDJ indicator hovered at a low level, indicating that the short-term trend is still weak
.
It is not expected that the L1905 contract rally will happen overnight
.
Operationally, investors can still open short positions lightly when they hit high, and the reference price is around
8450.