Liansu rebounded slightly Downstream demand was weak

News side: March 19: CNPC Northwest PE price stable, 2426H fixed 9700, 2420H fixed 9750, 2426F fixed 9500, 1810D fixed 9800, 5000S fixed 10600, Dushanzi 8008 fixed 10400, 8920 fixed 10300, 5502 fixed 10600, 100N fixed 11500, 4808 hanging 11700, N3000 hanging 11800, 6095 hanging 10500, 7042 hangs 9500, 7042N hangs 9500, 7042H hangs 9500
.

Raw material prices: naphtha CF Japan reported $568.
5 / ton, down 0.
31%; FOB Singapore was trading at $62.
2 a barrel, up 0.
23%.

ethylene CFR Northeast Asia 1380, up $45; CFR Southeast Asia was trading at $1280 a tonne, up $
30.

Spot price: Far East reported 1205 yuan / ton, flat, Southeast Asia reported 1225 yuan / ton, flat
.
North China Tianjin Daqing reported 9250 yuan / ton, flat; East China Yuyao Daqing Petrochemical 9400 tons, flat; South China Guangzhou Maoming reported 9500 yuan / ton, flat; Northwest Dushanzi reported 9500 yuan / ton, unchanged
.

The Liansu 1805 contract rebounded slightly, and the intraday volume position doubled, indicating that short-term funds entered the bottom
.
Fundamentally, high traders' inventories and weak downstream demand have suppressed futures prices, but crude oil has fluctuated at a high level, and the recovery of Asian ethylene prices may form support
.

Technically, the LLDPE1805 contract has pressure and support below, the MACD green bar is shortened, and the KDJ indicator golden cross is upward, indicating that there is still a rebound demand
in the short term.
In terms of operation, investors can put more orders in the 9450 line for safety, and the future market trend still needs to be further observed
.