Short-term bearish strength weakens

News side: The trading center of the domestic polyethylene market continues to shift
.
In terms of petrochemicals, the price in North China was partially reduced by 100-200 yuan / ton; High pressure drop of 100 yuan / ton in East China; The high pressure and low pressure parts in South China were reduced by 100 yuan / ton
.
Spot merchants mostly hold a wait-and-see attitude, some have bottomed out, and the actual transaction situation has improved slightly
.
The high pressure and low pressure drop in the North China market are 50-200 yuan / ton, and the linear adjustment is not large; The East China market generally fell by about 50-100 yuan / ton; The South China market generally dropped by 50-200 yuan / ton
.

Raw material price: naphtha CF Japan reported 610.
38 US dollars / ton, -4.
50%; FOB Singapore is trading at $65.
93/b, -4.
78%.

ethylene CFR Northeast Asia 920 US dollars / ton, -1.
08%; CFR Southeast Asia was quoted at $835/mt, -1.
18%.

Spot price: Southeast Asia reported $1120, -0%; Far East reported 1080 yuan / ton, -0%.

Domestic price: North China Daqing reported 9450 yuan, -0%; East China Yuyao reported 9500 yuan, -1.
04%; South China Guangzhou 9800 yuan, -0.
51%; Northwest Dushanzi 9700 yuan, +0%.

Liansu 1901 contract bottomed out and rebounded, closing through the suppression of the 5-day line, indicating that the power of long and short has been converted
.
Fundamentally, the decline in crude oil shocks and the decline in spot prices have suppressed PE prices, but after a continuous decline, there are certain signs of over-fall in the short term to support
prices.

Technically, the MACD continues to move lower, but the green bar shortens, the KDJ shows signs of flattening low, and short-term bearish strength weakens
.
Operationally, investors take advantage of the dip in their hands and wait for the opportunity
to go long.