Liansu moved sideways around the intraday moving average, and the position volume increased slightly

News side: PE market quotations in North China are mixed, high pressure individual down about 50 yuan / ton, linear adjustment of about 50-100 yuan / ton, low pressure change little
.
High pressure in South China due to the decline in petrochemical prices, the market fell with the fall of about 50 yuan / ton, and the rest did not change much
.
In East China, linear and high-pressure fell by about 50 yuan / ton, and low-pressure wire drawing fell by about 100 yuan / ton, but the price of imported goods rose by about
50 yuan / ton.

Raw material price: naphtha CF Japan reported 679.
25 US dollars / ton, down 2.
07%; FOB Singapore was trading at $74.
07 a barrel, down 2.
23%.

ethylene CFR Northeast Asia 1335 US dollars / ton, flat; CFR Southeast Asia was flat at $1230/mt
.

Spot prices: Southeast Asia was flat at $1,130; Far East reported 1095 yuan / ton, down $
5.
Domestic price: North China Daqing reported 9500 yuan, down 100 yuan; East China Yuyao reported 9,500 yuan, down 100 yuan; Guangzhou in South China 9700 yuan, down 50 yuan; Northwest Dushanzi 9600 yuan, down 50 yuan
.

The Liansu 1901 contract was sideways around the intraday moving average throughout the day, with a slight increase in holdings and a temporary truce between the long and short sides
.
Fundamentally, the loosening of spot prices and a slight recovery of social inventories have put certain pressure
on futures prices.

Technically, the MACD indicator is moving to the downside at a high level, but the KDJ indicator has begun to enter the oversold area and there are signs of a low golden cross, combined with the support level below, it is expected that the downside has been relatively limited
.
In terms of operation, it is recommended that investors can reduce their short orders at low prices, and drop their pockets for safety; Activist investors with short positions can tentatively open long orders and grab a rebound
on the dip.