Liansu's main contract has a slight increase in position

News: According to professional institutions: As of August 15, PE social inventories continued to decline slightly, and market demand increased
due to the upcoming demand season.
At present, the pressure on petrochemical inventories is not large, and prices have risen, but the high price environment has weakened the replenishment sentiment of downstream factories
.
As a result, the decline in social inventory this time is not large
.
It is expected that with the gradual arrival of the downstream peak season, the demand for PE will continue to increase in the future, and the PE social inventory is expected to fall further, supporting plastic prices
.

Raw material price: naphtha CF Japan reported 644 US dollars / ton, down 0.
54%; FOB Singapore was trading at $70.
25 a barrel, down 0.
61%.

ethylene CFR Northeast Asia 1400 US dollars / ton, flat; CFR Southeast Asia was flat at $1260/mt
.

Spot price: Southeast Asia reported $1115, down $10; Far East reported 1120 yuan / ton, unchanged
.
Domestic price: North China Daqing reported 9850 yuan, flat; East China Yuyao reported 9850 yuan, flat; South China Guangzhou 9750 yuan, flat; Northwest Dushanzi 9800 yuan, flat
.

The Liansu 1901 contract opened sharply lower, followed by more force, gradually recovered the lost ground, and the position also increased
slightly.
Fundamentally, the decline in social inventory and the firm spot price have formed a certain support for the price, but the continuous rise in the early stage has led to a certain profit selling pressure
in the short term.

Technically, the MACD indicator red bar has signs of flattening at a high level, while the KDJ indicator continues to be in a top divergence state, and it is necessary to guard against technical adjustments
in the short term.
Operationally, it is recommended that investors operate
in the range of 9680-9860.