Liansu high open low go low can be batched to reduce holdings

News: According to statistics: as of October 8, the plastic downstream agricultural film industry ushered in the peak season, with an average monthly operating rate of 48%, an increase of 18%
over August.
During the double festival, the operating rate of agricultural film manufacturers in North China, the main producing area of agricultural film, reached 55%, up 19%
week-on-week.
The recovery of downstream demand is expected to drive plastic prices higher
.

Raw material price: naphtha CF Japan reported 722.
75 US dollars / ton, +1.
07%; FOB Singapore is trading at $78.
63/b, +0.
90%.

ethylene CFR Northeast Asia 1160 US dollars / ton, -1.
69%; CFR Southeast Asia is trading at $1060/mt, -1.
85%.

Spot prices: Southeast Asia was flat at $1,130; Far East reported 1110 yuan / ton, unchanged
.
Domestic prices: North China Daqing reported 9900 yuan, up 50 yuan; East China Yuyao reported 9900 yuan, flat; South China Guangzhou 10200 yuan, up 50 yuan; Northwest Dushanzi 9900 yuan, flat
.

The Liansu 1901 contract opened high and went low, and the trading volume and position volume increased, indicating that there was a slow inflow
of funds.
Fundamentally, the management's tax cuts and interest rates have provided some support to the market, and the rise in spot prices and the steady decline in social inventories have also supported prices
.

Technically, MACD continues to rise slightly, but the median KDJ indicator hovers, indicating that there is a lack
of short-term continued upward strength.
In terms of operation, it is recommended that investors can reduce their holdings in batches and drop their bags
.