Liansu volatility went lower, and the position volume rose significantly

News side: Yuyao PE market price is stable, the main futures in the morning opened volatile, petrochemical enterprises factory price is stable, traders accompany the offer, the real transaction is more negotiable, the market transaction is acceptable
.
It is expected that the linear transaction range is about
9450-9600 yuan / ton.
The Tianjin PE market fell by about 50 yuan / ton, and Jihua 7042 is expected to trade at 9500 yuan / ton
.
Guangzhou PE market offer price adjustment, linear product market transaction price is about 9500-9600 yuan / ton, the market is mainly wait-and-see, real transaction negotiation
.

Raw material price: naphtha CF Japan reported 662.
25 US dollars / ton, down 0.
34%; FOB Singapore was trading at $73.
38 a barrel, down 0.
34%.

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

Spot price: Southeast Asia was quoted at $1210, unchanged; Far East reported 1180 yuan / ton, down $
10.
Domestic price: North China Daqing reported 9500 yuan / ton, flat; East China Yuyao reported 9,600 tons, flat; South China Guangzhou reported 9600 yuan / ton, flat; Northwest Dushanzi reported 9700 yuan / ton, unchanged
.

The Liansu 1809 contract fluctuated lower, and the position rose significantly, indicating that the short-term trend is still weak
.
Fundamentally, the peak period of equipment maintenance has formed a certain support for prices, but crude oil has fallen at a high level, downstream demand is sluggish, and the slow decline in social inventories has suppressed
it to a certain extent.

Technically, the MACD indicator continued to retreat slightly, and the KDJ indicator flattened
low.
It shows that there are still relapses
in the short term.
This position can be up and down, and investors should
wait and see.