Liansu high opening oscillation, more single high to reduce holdings

News: As of July 11, PE social inventory fell 1.
3%
from last week.
This is mainly due to the decline in petrochemical inventories, but they are still 54%
higher than the same period last year.
There is a tight supply of low-pressure supplies
.
The decline in traders' inventories is not obvious, and the inventories of large traders in North China are still high
.

Raw material price: naphtha CF Japan reported 650.
75 US dollars / ton, down 2.
42%; FOB Singapore was trading at $71.
41 a barrel, down 2.
25 percent
.
ethylene CFR Northeast Asia $1400/ton, up $10; CFR Southeast Asia was trading at $1280 a tonne, up $
10.

Spot price: Southeast Asia was flat at $1140; Far East reported 1110 yuan / ton, down $
5.
Domestic prices: North China Daqing reported 9400 yuan / ton, up 50 yuan; East China Yuyao reported 9350 tons, flat; South China Guangzhou 9300 yuan, up 50 yuan; Northwest Dushanzi reported 9,400 yuan, unchanged
.

Liansu 1809 contract opened high and fluctuated, and the trading volume and position volume were significantly reduced
.
Fundamentally, the peak period of equipment maintenance has formed a certain support for the price, but the downstream demand is sluggish, and the slow decline in social inventory has suppressed it to a certain extent
.

Technically, the MACD indicator red bar lengthens shows that there is still upward momentum, but the KDJ indicator has signs of divergence, operationally, investors are more in the hands of the high to reduce their holdings, and the bag is safe
.