Liansu opened slightly lower and downstream demand was sluggish

News: The PE price in Changzhou market fell, the factory price of enterprises was partially reduced, traders offered to fall, market participants were cautious and wait-and-see, and the transaction was average
.
The linear transaction range is 9400-9600 yuan / ton
.
Yuyao PE market price of some enterprises factory price lowered, traders offered a down, the market wait-and-see atmosphere is strong, the market transaction is average
.
The offer price of the Shantou PE market is mixed, and the market transaction is average
.
The expected transaction price of linear Fulian 7042 is about
8800 yuan / ton.

Raw material price: naphtha CF Japan reported 684.
62 US dollars / ton, -1.
99%; FOB Singapore is trading at $75.
9/b, -2.
03%.

ethylene CFR Northeast Asia $1340/tonne, +$40; CFR Southeast Asia is trading at $1220/mt, +$40
.

Spot price: Southeast Asia was quoted at $1210, unchanged; Far East reported 1190 yuan / ton, unchanged
.
Domestic price: North China Daqing reported 9600 yuan / ton, flat; East China Yuyao reported 9,600 tons, flat; South China Guangzhou reported 9700 yuan / ton, flat; Northwest Dushanzi reported 9700 yuan / ton, unchanged
.

The Liansu 1809 contract opened slightly lower and sorted out sideways around the intraday moving average throughout the day, indicating that the short-term trend is still weak
.
Fundamentally, the peak period of equipment maintenance has formed a certain support for prices, but crude oil has fallen sharply, downstream demand is sluggish, and the slow decline in social inventories has suppressed it to a certain extent
.

Technically, the MACD indicator continues to oscillate lower, but the KDJ indicator has signaled a divergence
.
In terms of operation, prudent investors can take profits on the dip and settle their pockets
.
Aggressive investors can set short orders in their hands and hold them
cautiously.