The continuous oscillation is higher, indicating that the multiple forces are relatively balanced

News: Shenhua online PP auction data shows that polypropylene auction 2520 tons (2564 tons in the previous trading day), 2506 tons (2004 tons in the previous trading day).

Some goods were traded 20--60 yuan higher than the reserve price, and some models were sold 290 yuan higher than the reserve price
.
The linear auction was 1228 tons (350 tons in the previous trading day), and 663 tons were traded (200 tons in the previous trading day), mostly 120--140 above the reserve price
.

As of June 28, polyolefin inventories in major domestic ports have not changed much
.
Shanghai port inventory was 296,100 tons, Huangpu port inventory was 79,100 tons, and Tianjin port inventory was 62,200 tons, with a total of 437,400 tons, a slight increase of 02,000 tons
from last week.

Spot market: the domestic polyethylene market price was slightly higher, and the transaction atmosphere was acceptable
.
In terms of enterprises, the opening price of the main sales company increased by 50-100 yuan / ton
.
In terms of the market, the external news side preferred, linear futures rose slightly, and some merchants overreported shipments, but the downstream is still in the off-season of consumption, limiting the upward range
of the market.
As of the close of the morning, the volatility in North China was 30-100 yuan / ton; East China rose 50-100 down; South China is about 100 yuan / ton
.

Warehouse receipt inventory: exchange warehouse receipt reported 1518 lots, +0 lots within the day; In the historical median zone
.
Main positions: The top 20 long positions in the main contract are 190867 lots, +3233 lots, short positions are 259848 lots, +4929 lots, and net long positions are -68981 lots, -1696 lots
.

Summary: The easing of Sino-US relations, the tension between the United States and Iran, and the peak of equipment maintenance have supported
the price of LLDPE.
But after continuous gains, there are signs of
overbought in the short term.
Technically, the current L1909 contract is volatile higher, and the final trading is above the 5-day moving average, indicating a correction after the short-term rally
.
The future market pays attention to the pressure
of 8,000 yuan.
The indicator MACD edged slightly to the upside, but the red bar contracted, while the KDJ indicator hovered at a high level, indicating that the multi-force is relatively balanced
.
In terms of operation, investors can reduce their holdings at high prices and drop their pockets for safety
.