Liansu slightly lower, the overall trend of gravity shifted down

News: The average operating rate of polyethylene petrochemical plants this week is around 91%, down 10%
from last week.
From a regional point of view, East China was affected by the maintenance of Shanghai Petrochemical and Yangzi Petrochemical, and the average operating rate in the region dropped to 90%, while the operating rate in other regions did not change much
.

Raw material prices: Naphtha CF Japan reported 568.
38 tons, up 0.
11%; FOB Singapore was trading at $61.
93 a barrel, up 0.
05%.

ethylene CFR Northeast Asia 1270, up $30; CFR Southeast Asia was trading at $1200 a tonne, up $
30.

Spot price: Far East reported 1210 yuan / ton, flat, the Middle East reported 1184 yuan / ton, flat
.
North China Tianjin Daqing reported 9480 yuan / ton, down 20 yuan; East China Yuyao Daqing Petrochemical 9550 tons, down 20 yuan; South China Guangzhou Maoming reported 9550 yuan / ton, flat; Northwest Dushanzi reported 9550 yuan / ton, unchanged
.

On Wednesday, the Liansu 1805 contract edged lower, and the overall trend shifted
downward.
Fundamentally, petrochemical companies have high inventories, weak downstream demand, and loosened spot prices, forming a certain suppression
of futures prices.
The future market will focus on the start of
downstream product enterprises.
Technically, the LLDPE1805 contract continues to be weak, and the upward pressure is more obvious, but after four days of consecutive declines, there is a
need for a rebound in the short term.
The KDJ dead fork is downward, the MACD red bar is shortened, and it is still weak
in the short term.
Operationally, there is no short chasing, but investors can sell short
positions on the 9520 line when they rebound.