Liansu rebounded slightly, and the pressure above remained

News: As of the 6th, PE social stocks increased by 0.
4% from last week, about 2,000 tons, 2%
higher than the same period last year.
Petrochemical inventories increased by about 10,000 tons, or 18.
5%,
from last week.
From the fundamental perspective of the whole June, the resumption of production of multiple units and the expectation of an increase in the supply side are expected to continue the weak state in the near future
.

Raw material price: naphtha CF Japan reported 623.
25 US dollars / ton, down 0.
29%; FOB Singapore was trading at $71.
38 a barrel, down 0.
53%.

ethylene CFR Northeast Asia 1350 US dollars / ton, up 15 US dollars; CFR Southeast Asia was trading at $1225 a tonne, up $
5.

Spot price: Southeast Asia reported $1170, down $10; Far East reported 1175 yuan / ton, unchanged
.
Domestic price: North China Daqing reported 9400 yuan / ton, down 100 yuan; East China Yuyao reported 9,600 tons, flat; South China Guangzhou reported 9500 yuan / ton, flat; Northwest Dushanzi reported 9700 yuan / ton, unchanged
.

The Liansu 1809 contract rebounded slightly, and the final session still closed below the 5-day moving average, indicating that the pressure on the upper side still exists
.
On the fundamental side, long and short coexist, and the peak period of device maintenance has formed a certain support for the price, but the downstream demand is sluggish, and the slow decline of social inventory has caused a certain suppression
of it.
Technically, the green bar of the MACD indicator is flat, and the low central axis of the KDJ indicator is hovering
.
It shows that the rebound may be aborted
.
Operationally, investors hold short orders cautiously
.