LLDPE High Open Oscillation Range Trading is recommended

Raw material prices: Japan naphtha CF Japan reported 453.
25 yuan / ton, down 10.
63; naphtha FOB Singapore reported 48.
97 US dollars / barrel, down 1.
24
.
ethylene CFR Northeast Asia 1145 US dollars / ton, down 5; CFR Southeast Asia was trading at $1,035 a tonne, down 10
.

Spot price: The foreign spot market price was basically flat, the Far East reported 1130 yuan / ton, flat, and the Middle East reported 1117 yuan / ton, down 1
.
The market price was basically flat, North China Daqing reported 9500 yuan / ton, flat; East China Yuyao Jilin Petrochemical 9650 tons, up 50; South China reported 9750 yuan / ton, down 50
.
Northwest Dushanzi reported 9450 yuan / ton, unchanged
.

News: 1.
On March 22, some petrochemical stocks in the four major regions were about 67,000 tons, down about 6.
8,000 tons, or about 9.
3%, from the inventory on March 15, the previous statistical day
.

Short-term petrochemical inventories continued to decline slightly, but remained at recent highs overall, limiting the upside
of futures prices.
Downstream just need to take goods, more maintain small order procurement, enthusiasm is not high
.
Short-term futures contracts moved for months, short-term shorts reduced positions in recent months pushed prices stronger, and LLDPE5-9 contract spreads widened
.
Technically, LLDPE1705 contract reduced positions to close higher, above test pressure around 9450, below test support around 9200, short-term is expected to maintain in the 9200-9450 range shock, recommended range trading, arbitrage can intervene around 20-30 to buy LLDPE5-9 contract positive arbitrage
.