LLDPE volatility closed higher It is recommended to go long on dips in the range

Raw material prices: Japan naphtha CF Japan reported 462.
62 yuan / ton, down 3.
76; naphtha FOB Singapore reported 50.
02 US dollars / barrel, down 0.
41
.
ethylene CFR Northeast Asia 1155 US dollars / ton, down 10; CFR Southeast Asia was trading at $1,060 a tonne, down 20
.

Spot price: The foreign spot market price is basically flat, the Far East reported 1130 yuan / ton, flat, the Middle East reported 1118 yuan / ton, flat
.
Market prices rose slightly, with North China Daqing reporting 9400 yuan / ton, flat; East China Yuyao Jilin Petrochemical 9600 tons, up 50; South China News 9750 yuan / ton, flat
.
Northwest Dushanzi reported 9400 yuan / ton, unchanged
.

News side: 1, the guidance price of CNPC North China Company is the same as the listed price, and the 7042 model is reported at 9500 yuan / ton, up 100
.

With the decline in prices, the enthusiasm of downstream low-priced small orders has increased, the maintenance and operating rate of petrochemical equipment has retreated, the overall supply growth rate has slowed down, the pressure on supply and demand has eased slightly, the factory price has stabilized, and the futures price has rebounded, but the social inventory still remains high, which is expected to limit its upside
.
Technically, LLDPE1705 contract fluctuates widely during the day, the shock closes higher, short-term upper test of pressure around 9600, below test of support around 9200, futures price to maintain an over-bearish rebound trend, short-term is expected to make up for the previous gap, it is recommended to go long
in the 9200-9600 range.