Liansu opened slightly lower and the bullish pattern was not damaged

News: As of September 21, domestic PE port inventory: Shanghai port inventory is about 267,000 tons; Huangpu port inventory is 69,000 tons; Tianjin port inventory is 64,000 tons, with a total of 400,000 tons, down 01,000 tons
from last week.
Port inventories are basically stable, indicating that the current impact of imported goods on the market is not very good, and supply and demand are basically balanced
.

Raw material price: naphtha CF Japan reported 699.
25 US dollars / ton, up 1.
16%; FOB Singapore was trading at $76.
42 a barrel, up 1.
18%.

ethylene CFR Northeast Asia 1300 US dollars / ton, flat; CFR Southeast Asia was flat at $1160/mt
.

Spot price: Southeast Asia was flat at $1110; Far East reported 1100 yuan / ton, unchanged
.
Domestic price: North China Daqing reported 9700 yuan, flat; East China Yuyao reported 9750 yuan, up 100 yuan; South China Guangzhou 10,000 yuan, flat; Northwest Dushanzi 9700 yuan, flat
.

The Liansu 1901 contract opened slightly lower, and Hetian Jun arranged sideways around the intraday moving average, and barely closed above the 5-day line at the end, and the bullish pattern was unbroken
.
Holdings continue to shrink
significantly.

Fundamentally, spot prices are firm, and the slow recovery of downstream demand supports them, but the short-term rise is too large to suppress
the future.

Technically, the MACD low gold cross is up, but the KDJ indicator is flattening at the high, indicating that the rebound momentum has slowed down
.
In terms of operation, it is recommended to set a take profit in the early stage and continue to hold
it cautiously.