Liansu continued to fluctuate higher, and the final session refreshed a new point in recent times

Raw material price: naphtha CF Japan reported 485.
75 US dollars / ton, -2.
66%; FOB Singapore is trading at $51.
73/b, -3.
27%.

ethylene CFR Northeast Asia $910/mt, +4.
6%; CFR Southeast Asia was trading at $810/mt, +5.
19%.

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

Domestic price: North China Daqing reported 9400 yuan, -0%; East China Yuyao reported 9350 yuan, -0%; South China Guangzhou 9400 yuan, -0%; Northwest Dushanzi 9450 yuan, -0%.

The Liansu 1905 contract continued to fluctuate higher, refreshing the recent new point at the end, the trading volume was significantly enlarged, and the position volume also increased
slightly.
Fundamentally, the rise in the price of naphtha and ethylene has cost support, coupled with the large basis discount, there are repair requirements
.

Technically, the MACD oscillation is higher, the red bar is longer, and the KDJ indicator golden cross is upward, indicating that the rebound is expected to continue
.
In terms of operation, investors can hold long positions cautiously, and short positions can open long positions lightly at the time of the pullback
.