Liansu rushed back down and the position volume continued to increase

News: North China market price high pressure by petrochemical price adjustment, the market followed the rise offer, up 50-100 yuan / ton, low pressure individual grades fell about 50 yuan / ton, linear coal chemical 7042 rose about
50 yuan / ton.
Prices in the South China market have not changed much
.
The price in the East China market has not changed much, and the price of 7042 in coal chemical industry has risen by about
50 yuan / ton.

Raw material price: naphtha CF Japan reported 672.
5 US dollars / ton, up 0.
17%; FOB Singapore was trading at $73.
82 a barrel, up 0.
12%.

ethylene CFR Northeast Asia 1364.
5 US dollars / ton, flat; CFR Southeast Asia was flat at $1250/mt
.

Spot price: Southeast Asia was flat at $1125; Far East reported 1100 yuan / ton, down $
10.
Domestic price: North China Daqing reported 9550 yuan, flat; East China Yuyao reported 9550 yuan, flat; South China Guangzhou 9500 yuan, flat; Northwest Dushanzi 9550 yuan, flat
.

The Liansu 1901 contract soared and fell, and the position continued to increase
.
Fundamentally, the trend of naphtha and spot prices is firm, social inventories have fallen, and the equipment maintenance period has formed some support for prices, but after many days of rise, there is short-term profit selling pressure
.

Technically, the MACD indicator continues to oscillate higher, but the red bar begins to flatten, and the KDJ indicator continues to be in a top divergence state, which may be subject to technical adjustment
in the short term.
In terms of operation, investors set a long take profit in their hands, hold cautiously, and those who are short positions do not chase short for the time being, waiting for the opportunity
to go long.