Liansu rushed back down and the position increased slightly

News: As of July 18, PE social inventories fell by 0.
6% from last week, and petrochemical inventories and port inventories fell significantly
during the cycle.
At present, the supply of low-pressure injection molding sources in the market is generally tight, and the supply of other grades is acceptable
.
From the downstream point of view, with the gradual arrival of the peak season, the wait-and-see atmosphere of downstream factories will gradually increase, and the demand for later procurement will increase
.
However, considering the completion of the overhaul of the equipment, the market supply will also recover
.

Raw material price: naphtha CF Japan reported 621.
62 US dollars / ton, down 1.
00%; FOB Singapore was trading at $68.
38 a barrel, down 1.
06%.

ethylene CFR Northeast Asia 1400 US dollars / ton, down 10 US dollars; CFR Southeast Asia was trading at $1270 / ton, down $
10.

Spot price: Southeast Asia was quoted at $1130, down $10; Far East reported 1115 yuan / ton, unchanged
.
Domestic price: North China Daqing reported 9450 yuan / ton, flat; East China Yuyao reported 9450 tons, flat; South China Guangzhou 9400 yuan, flat; Northwest Dushanzi reported 9,400 yuan, unchanged
.

The Liansu 1809 contract fell higher, and the position increased
slightly.
Fundamentally, the peak period of equipment maintenance has formed a certain support for the price, but the downstream demand is sluggish, and the slow decline in social inventory has suppressed it to a certain extent
.

Technically, the MACD indicator red bar is shortened, and the KDJ indicator shows signs of a dead cross downward, indicating that there is still a correction requirement
in the short term.
Operationally, investors set a stop loss for short orders in their hands and hold
them cautiously.