Liansu rushed high and fell back to increase positions during the session

News: At three o'clock in the afternoon of May 12, Shanghai Eginke Engineering Construction Service Company had an accident during the tank maintenance operation of Shanghai SECCO Company, resulting in six deaths
.
SECCO has 1.
09 million tons of ethylene cracking, 600,000 tons of polyethylene, 250,000 tons of polypropylene, 650,000 tons of styrene, 600,000 tons of aromatic hydrocarbon extraction, 520,000 tons of acrylonitrile, 180,000 tons of butadiene extraction, 300,000 tons of styrene and other large-scale chemical plants
.

Raw material price: naphtha CF Japan reported 676.
25 US dollars / ton, down 0.
24%; FOB Singapore was trading at $74.
82 a barrel, down 0.
08%.

ethylene CFR Northeast Asia 1250 US dollars / ton, down 10 US dollars; CFR Southeast Asia was trading at $1185 a tonne, down $
10.

Spot price: Southeast Asia was flat at $1205; Far East reported 1190 yuan / ton, unchanged
.
Domestic price: North China Daqing reported 9800 yuan / ton, flat; East China Yuyao reported 9,900 tons, flat; South China Guangzhou reported 9850 yuan / ton, flat; Northwest Dushanzi reported 9800 yuan / ton, unchanged
.

The Liansu 1809 contract rushed back down, and the intraday volume increased positions, indicating that the upper pressure was obvious
.
Fundamentally, the peak period of equipment maintenance has formed a certain support for the price, but crude oil has fallen, and the high level of social inventory has suppressed it to a certain extent, and the SECCO accident has failed to stimulate the market
.

Technically, the MACD indicator red bar contraction, the KDJ indicator high to form a dead cross, short-term may have technical adjustment requirements
.
Operationally, investors can hold short orders cautiously, and the lower target is temporarily looking at the 9350 line
.