Continuous plastic low open high close short-term maintenance range volatility

News: The domestic polyethylene social inventory in this cycle fell by 5.
14% compared with last week, and the decline slowed down
.
Market trading enthusiasm weakened
.
The total PE inventory of petrochemical enterprises increased slightly by 1.
04%; Shipments of coal-to-PE enterprises declined, and inventories rose 17.
53%
from last week.
Affected by poor shipments, inventories rose 2.
23%
month-on-month.
The inventory of polyolefin in major domestic ports continued to decline, reporting 276,000 tons, down 5.
80%
from the previous cycle.

Raw material price: naphta CF Japan reported 497.
5 US dollars / ton, +1.
92%; FOB Singapore is trading at $52.
75/b, +1.
87%.

ethylene CFR Northeast Asia 850 US dollars / ton, +0%; CFR Southeast Asia was trading at $750/mt, -1.
32%.

Spot price: Southeast Asia quoted $1020, -0%; Far East reported $1020/mt, +0%.

Domestic price: North China Daqing reported 9400 yuan, -0.
53%; East China Yuyao reported 9350 yuan, -0%; South China Guangzhou 9400 yuan, -0.
53%; Northwest Dushanzi 9550 yuan, +0%.

Liansu 1905 contract opened low and closed high, and the final close was bald and barefoot in the middle of the Yang line, and the short-term weak pattern has changed, and the fly in the ointment is that the volume warehouse and price cooperation are insufficient
.

Fundamentally, the weak trend of ethylene in Asia has formed a certain suppression of prices, but the low level of social inventories has produced some support
for plastics.
LLDPE is expected to remain range-bound
in the short term.
Technically, MACD has re-strengthened, the red bar has become longer, indicating that the rebound is expected to continue, and the KDJ indicator is tangled in the median, both up and down
.
Operationally, investors can continue to trade in the 8250-8550 range
.