Liansu slightly oscillated and the short strategy prevailed

News: Shenhua online PP auction transaction volume has increased
significantly.
The data shows that polypropylene auctioned 5725 tons, (4602 in the previous trading day), and 5211 tons were traded (3999 in the previous trading day).

The reserve price is mostly transacted, and some models are 10--80 yuan
higher than the reserve price.
Linear deals fell slightly
.
The auction was 3748 tons, (3826 in the previous trading day), and 2264 tons were transacted, (2643 in the previous trading day), most of which were traded at the reserve price, and some models were 5--10 yuan
higher than the reserve price.

Spot market: The domestic polyethylene market continued to be weak, and the center of gravity of linear and high-pressure transactions shifted
slightly downward.
In terms of petrochemicals, the opening price of high-pressure and low-pressure membranes of the main regional chemical sales company was partially reduced, and the low-pressure pipes rose slightly, and the rest were basically stable
.
Linear futures continued to sort out the trend, merchants accompanied the market to ship, and the trading center of gravity had a negative performance
.
As of the morning close, the North China market fell by about 50-100 yuan / ton; East China market consolidation; The South China market fell by about 50 yuan / ton; The southwest market is temporarily stable
.

Warehouse receipt inventory: exchange warehouse receipt reported 0 lots; It is in the historically low area and stable
during the day.
Main positions: The top 20 long positions in the main contract are 132736 lots, +448 lots, short positions are 167106 lots, +2361 lots, and net long positions are -34370 lots, -1227 lots
.

The firm price trend of crude oil has provided some support to Liansu, but the general downstream demand and high inventories of the two oils have suppressed
the price of LLDPE.
Technically, the L1909 contract is widely consolidated, the moving average system shows support below, there is pressure, the volume has shrunk slightly, and the position has increased
.
The main position shows that the increase in the position of the main force of the long party is smaller than that of the main force of the short side, and the short side is slightly superior
.
The indicator MACD flattened, the red bar contracted, and the KDJ indicator high dead fork downward, indicating that the bears have the advantage
.
Operationally, investors hold short orders cautiously and pay attention to the support of the 8400 line
.