Liansu volatility went higher, and the position shrank sharply

News side: Guangzhou PE market offer price is stable, linear product market transaction price is about 9500-9600 yuan / ton, the market is mainly wait-and-see, real transaction negotiation
.
The market price of Yuyao PE rose individually, the factory price of the enterprise was stable, the traders accompanied the offer, the downstream intention was weak, and the market transaction was average
.
It is expected that the linear transaction range is about
9450-9600 yuan / ton.
The Tianjin PE market is stable, and the transaction price of Jihua 7042 is expected to be 9500 yuan / ton
.

Raw material price: naphtha CF Japan reported 669.
88 US dollars / ton, up 1.
15%; FOB Singapore was trading at $74.
09 a barrel, up 0.
97%.

ethylene CFR Northeast Asia 1340 US dollars / ton, flat; CFR Southeast Asia was flat at $1220/mt
.

Spot price: Southeast Asia was quoted at $1180, down $30; Far East reported 1180 yuan / ton, unchanged
.
Domestic price: North China Daqing reported 9500 yuan / ton, flat; East China Yuyao reported 9650 tons, up 50 yuan; South China Guangzhou reported 9600 yuan / ton, flat; Northwest Dushanzi reported 9700 yuan / ton, unchanged
.

The Liansu 1809 contract fluctuated higher, and the position shrank sharply, indicating that there were short profit-taking
.
On the fundamental side, long and short coexist, and the peak period of device maintenance has formed a certain support for the price, but the downstream demand is sluggish, and the slow decline of social inventory has caused a certain suppression
of it.

Technically, the MACD indicator green bar shortens, and the KDJ indicator has a low multi-fork upward
.
Shows short-term rebound requirements
.
In terms of operation, investors can set a take profit in their hands and hold
them cautiously.