Liansu rebounded slightly, and the short-term bearish power weakened

News: The domestic polyethylene market fluctuates narrowly
.
In terms of enterprises, the sales of the main regional sales companies are acceptable, and the opening price is mostly stable
.
In terms of the market, linear futures fluctuate in a narrow range, spot merchants offer with narrow adjustment on the market, the offer is mostly in the range of 50-100 yuan / ton oscillation, downstream enterprises take goods on demand, the overall transaction atmosphere is acceptable
.
As of the close of the morning, the price in North China was adjusted by 50-100 yuan / ton; The price in East China is narrowly adjusted by around 50 yuan / ton; The South China market fluctuated
in a narrow range.

Spot market: The domestic polyethylene market is volatile and narrow.

In terms of enterprises, the sales of the main regional sales companies are acceptable, and the opening price is mostly stable
.
In terms of the market, linear futures fluctuate in a narrow range, spot merchants offer with narrow adjustment on the market, the offer is mostly in the range of 50-100 yuan / ton oscillation, downstream enterprises take goods on demand, the overall transaction atmosphere is acceptable
.
As of the close of the morning, the price in North China was adjusted by 50-100 yuan / ton; The price in East China is narrowly adjusted by around 50 yuan / ton; The South China market fluctuated
in a narrow range.

Warehouse receipt inventory: exchange warehouse receipt reported 1637 lots, intraday -0 lots; In the historical median zone
.
Main positions: The top 20 long positions in the main contract are 197333 lots, -3394 lots, short positions are 267622 lots, +926 lots, and net long positions are -70289 lots, -4320 lots
.

Summary: The trend of crude oil is still weak, and downstream demand generally suppresses the price of Liansu, but the US sanctions against Iranian chemical enterprises and the peak of plant maintenance support the price of LLDPE, and after continuous decline, there are also certain signs
of over-fall in the short term.
Technically, the L1909 contract is narrowly sorted, the trading volume has increased significantly, the position volume has decreased significantly, the main position shows that the main force of the long party reduces the position, the main force of the short increases the position, and the short side dominates
.
The indicator MACD hovers low, the green bar contracts, the KDJ indicator signs a low golden cross
.
Showing a weakening
of short-term bearish power.