Liansu opened high and volatile, and investors closed their short orders on the dip

News: The Trade Remedies Investigation Bureau of the Ministry of Commerce issued an early warning reminder that Argentina decided to initiate an anti-dumping period merger situation review investigation
against PET originating in China.
The product involved in the case is a MERCOSUR tax number of 39076000 and 39076100
.
The Albanian side requires that the products involved in the case entering customs 60 working days after the announcement of the case registration must provide a certificate of
origin.

Raw material price: naphtha CF Japan reported 594.
12 US dollars / ton, -2.
66%; FOB Singapore is trading at $64.
04/b, -2.
87%.

ethylene CFR Northeast Asia 920 US dollars / ton, -0%; CFR Southeast Asia is trading at $835/mt, -0%.

Spot price: Southeast Asia reported $1120, -0%; Far East reported 1070 yuan / ton, -0.
93%.

Domestic price: North China Daqing reported 9450 yuan, -0%; East China Yuyao reported 9500 yuan, -0%; South China Guangzhou 9750 yuan, -0.
51%; Northwest Dushanzi 9700 yuan, +0%.

Liansu 1901 contract opened high and fluctuated, but the trading volume and position volume have been greatly reduced, and the short-term may still be repeated
.
Fundamentally, the decline in crude oil shocks and the decline in ethylene prices have suppressed PE prices, but after a continuous decline, there are certain signs of over-fall in the short term to support
prices.

Technically, MACD is flattened low, green bars are shortening, KDJ has signs of a low golden cross, and short-term bearish strength weakens
.
Operationally, investors take advantage of the dip in their hands and wait for the opportunity
to go long.