Liansu slightly higher opened with a weak rebound

News: Affected by rising raw material costs and tight supply, BASF began to increase PA66 by 300 US dollars / ton (equivalent to 1880 yuan / ton)
on April 15.
It is reported that driven by the improvement of supply and demand in the industry, the domestic PA66 market has raised prices by 14%
since February this year.
From a global perspective, the overall supply and demand of PA66 is relatively balanced, with a total aggregation capacity of about 3 million tons, and actual demand around 2.
6 million tons, and maintaining a growth
of 3%-4%.
Since the second half of 2017, force majeure accidents have occurred frequently in foreign production enterprises, product supply has been significantly reduced, and industry supply and demand have improved
significantly.
As a leading enterprise of nylon chemical industry in China, Shenma has a slicing capacity of 140,000 tons, and the shareholding company Nylon Chemical (49% equity) owns 140,000 tons
of hexamethylenediamine.

Raw material prices: naphtha CF Japan reported 601.
75 US dollars / ton, up 1.
52%; FOB Singapore was trading at $66.
18 a barrel, up 1.
36%.

ethylene CFR Northeast Asia 1360, up $15; CFR Southeast Asia was trading at $1275 a tonne, up $
15.

Spot price: Southeast Asia reported 1200 / ton, up $
10.
Far East reported 1180 yuan / ton, up $
10.
North China Tianjin Daqing reported 9550 yuan / ton, up 50 yuan; East China Yuyao Daqing Petrochemical 9800 tons, flat; South China Guangzhou Maoming reported 9600 yuan / ton, down 100 yuan; Northwest Dushanzi reported 9700 yuan / ton, unchanged
.

Liansu 1809 opened slightly higher, and stopped falling after testing the five-day line support in early trading, but the intraday rebound was weak, and it went back lower at the end of the day, indicating that there was still some pressure
above.

Fundamentally, inventories are still high or have a certain suppression of futures prices, but crude oil has rebounded strongly, spot prices at home and abroad are firm, and downstream enterprises have rebounded to support it
.
Technically, the MACD indicator bulls lined up and diverged upward, but the red bar began to shrink, and the KDJ indicator entered the high area after there were signs of turning around, indicating that the pressure on the 9380 line cannot be underestimated, it is recommended to wait and see for the time being, wait for the trend to be clear
.