Liansu low opening oscillation, intraday volume reduction, reduction of positions

News: Yuyao PE market price adjustment, enterprise factory price has been adjusted, traders accompanied the offer, market demand is weak, the market wait-and-see atmosphere is strong
.
The PE price in the Chengdu market fell, the ex-factory price of enterprises moved steadily, the traders offered to fall, the downstream market intention was weak, and the market transaction was more negotiable
.
The offer price of Guangzhou PE market fell, the market transaction price of linear products was about 9450-9500 yuan / ton, the market was mainly wait-and-see, and the real transaction was negotiated
.

Raw material price: naphtha CF Japan reported 628.
25 US dollars / ton, up 1.
19%; FOB Singapore was trading at $69.
27 a barrel, up 1.
20%.

ethylene CFR Northeast Asia 1375 US dollars / ton, flat; CFR Southeast Asia was flat at $1260/mt
.

Spot prices: Southeast Asia was flat at $1170; Far East reported 1165 yuan / ton, unchanged
.
Domestic price: North China Daqing reported 9300 yuan / ton, flat; East China Yuyao reported 9550 tons, flat; South China Guangzhou reported 9250 yuan / ton, down 100 yuan; Northwest Dushanzi reported 9,600 yuan, unchanged
.

The 1809 contract opened low and fluctuated, and the intraday volume was reduced and reduced, showing a weak
rebound.
On the fundamentals, long and short coexist, and the peak period of device maintenance has formed a certain support for prices, but the escalation of the Sino-US trade war, sluggish downstream demand, and the slow decline in social inventories have suppressed it to a certain extent
.

Technically, the MACD indicator green bar dead cross down, the KDJ indicator oscillation retreat
.
It shows that there is still downside in the future market
.
In terms of operation, stable investors can close their positions when they fall sharply, and activists set their take profits and hold them
cautiously.