Liansu fell slightly, and the position volume decreased slightly

News side: Before noon today, the domestic polyethylene market price is narrow, and the transaction atmosphere is weak
.
The linear guidance price of oil in the North China market was raised by 50, but the market transaction was not smooth, and the prices of most varieties were loosened, with a range of 50-100 yuan / ton
.
The performance of high pressure and linear in the East China market is weak, and the price of low pressure hollow is relatively strong due to small goods; The South China regional market is mainly consolidated, affected by the shutdown of Maoming equipment, the market high-pressure film part rose slightly by 50 yuan / ton
.

Raw material price: naphtha CF Japan reported 688.
38 US dollars / ton, -1.
36%; FOB Singapore is trading at $74.
75/b, -1.
39%.

ethylene CFR Northeast Asia 1120 US dollars / ton, -1.
75%; CFR Southeast Asia was trading at $1020/mt, -1.
92%.

Spot prices: Southeast Asia was flat at $1,130; Far East reported 1110 yuan / ton, unchanged
.
Domestic price: North China Daqing reported 9800 yuan, -0%; East China Yuyao reported 9900 yuan, -0.
50%; South China Guangzhou 10,000 yuan, -0.
50%; Northwest Dushanzi 9850 yuan, -0.
51%.

The Liansu 1901 contract fell slightly, with a slight decrease in holdings, and the pattern maintained a strong consolidation pattern
.
Fundamentally, the management's tax cuts and RRR cuts have provided some support to the market, but downstream demand is flat, and the slight recovery of social inventories has suppressed
prices.

Technically, the MACD and KDJ indicators are flat at the median, which is of little reference significance, and the future market focuses on the support of the moving average group below
.
Operationally, it is recommended that investors wait and see for the time being
.