Liansu fell under pressure and showed signs of flattening in the short term

News: According to Longzhong Information statistics, the total inventory of PE of two barrels of oil rose this week, up 5.
53%
week-on-week.
Year-on-year increase of 26.
21%.

Among them, Sinopec's PE inventory increased by 9.
53% week-on-week; CNPC PE inventories rose 3.
28%
week-on-week.
Affected by the price of Shenhuaning coal clearance, the price was widely reduced, and the price center of gravity of coal chemical products was shifted downward as a whole
.
PE sales of coal chemical enterprises were acceptable, and inventory fell by 4.
58%
week-on-week.

Spot market: The domestic polyethylene market fell
slightly.
In terms of petrochemicals, the opening price of the main regional sales companies was mostly stable, the linear futures fluctuated slightly, the attitude of merchants was wait-and-see, the shipment offer fell slightly, and the low trading volume of the range improved slightly
.
As of the morning, the North China market fell by 50-100 yuan / ton; The East China market fell linearly by 50 yuan / ton; The South China market fell by around 50 yuan / ton; The southwest market fell by 50 yuan / ton under high pressure
.

Warehouse receipt inventory: exchange warehouse receipt reported 0 lots; It is in the historically low area and stable
during the day.
Main positions: The top 20 long positions in the main contract are 140780 lots, -8388 lots, short positions are 182564 lots, -9629 lots, and net long positions are -41784 lots, +1241 lots
.

The firm price trend of crude oil has provided some support to Liansu, but the general downstream demand and high inventories of the two oils have suppressed
the price of LLDPE.
Technically, the L1909 contract rebounded slightly, with both volume and position shrinking
sharply.
The short-term moving average puts some pressure
on it.
The main position shows that the strength of the main force of the long side to reduce his position is less than that of the main force of the bear, and the main force of the short party has the advantage
.
The indicator MACD fell slightly, the green bar elongated, and the KDJ indicator oscillated to the downside, but the J value has entered the oversold area, and there are signs of flattening in the short term, indicating that the bearish power has weakened
.
Operationally, investors hold short orders cautiously
.