Liansu slightly low open long orders can be reduced at the high

News: As of August 8, the overall operating rate of LLDPE downstream agricultural film enterprises was about 35%, an increase of 9%
compared with last week.
The demand for agricultural film has increased, and the operating rate of some large-scale enterprises has increased
.
Enterprise orders are mainly PO film orders, functional shed film orders, and mulch film have a small number of orders
.
The inventory of agricultural film enterprises rose from last week, indicating that affected by the continuous increase in ex-factory prices by petrochemical enterprises, downstream manufacturers gradually stocked a small amount, but most of the purchases were mainly based on rigid demand
.

Raw material price: naphtha CF Japan was flat at $660.
25/ton; FOB Singapore was flat at $72.
38 a barrel
.
ethylene CFR Northeast Asia 1400 US dollars / ton, flat; CFR Southeast Asia was flat at $1260/mt
.

Spot price: Southeast Asia was flat at $1125; Far East reported 1120 yuan / ton, unchanged
.
Domestic price: North China Daqing reported 9780 yuan, down 20 yuan; East China Yuyao reported 9850 yuan, flat; South China Guangzhou 9850 yuan, flat; Northwest Dushanzi 9800 yuan, flat
.

The Liansu 1901 contract rebounded slightly after opening slightly lower in early trading, but the many parties were weak and turned down to seek support
.
Positions continue to increase
significantly.

Fundamentally, petrochemical companies raised prices and the decline in social inventories formed a certain support for prices, but after many days of rise, there was a certain profit selling pressure
in the short term.
Technically, the MACD indicator shows signs of flattening at a high level, while the KDJ indicator continues to be in a state of top divergence, and it is necessary to guard against technical adjustments
in the short term.
In terms of operation, investors can reduce their holdings at high prices and drop their pockets for safety
.