Liansu opened high and oscillated and sorted out, and the micro disk reduced its position slightly higher

News: Ningxia Baofeng's 300,000 tons/year polyethylene plant output is 7042, up 50 yuan/ton
.

Raw material price: naphtha CF Japan reported 468.
25 US dollars / ton, -0.
25%; FOB Singapore is trading at $52.
36/b, -0.
39%.

ethylene CFR Northeast Asia 850 US dollars / ton, +0%; CFR Southeast Asia was trading at $750/mt, -1.
32%.

Spot price: Southeast Asia quoted $1020, -0%; Far East reported $1020/mt, +0%.

Domestic price: North China Daqing reported 9400 yuan, +0%; East China Yuyao reported 9350 yuan, -0%; South China Guangzhou 9400 yuan, +0%; Northwest Dushanzi 9500 yuan, -0.
52%.

The Liansu 1905 contract opened high and fluctuated, and the micro market reduced its position slightly higher
.
Fundamentally, the weak trend of ethylene in Asia has formed a certain suppression of prices, but the low level of social inventories has produced some support
for plastics.
LLDPE is expected to remain range-bound
in the short term.

Technically, MACD has re-strengthened, the red bar has become longer, and it is expected to maintain a strong range oscillation in the short term, and the upper side will focus on the pressure near the
20-day moving average.
Operationally, investors can continue to trade in the 8250-8550 range
.