Liansu opened low and went low, and the position volume shrank slightly

News: From August 20 to 24, the market atmosphere of plastic raw materials in Yuyao China Plastics City was not good, and the market generally fell slightly, due to the lack of hot spot guidance, the current market did not show a significant turnaround
.
The overall operating load of downstream plants is limited, the ability to consume resources is low, and the trend of sluggish demand is difficult to change
.
Traders are struggling to ship, and under the influence of some petrochemical lower quotations, pessimism has risen, and small concessions are mainly
sought for transactions.

Raw material price: naphtha CF Japan reported 655.
62 US dollars / ton, up 1.
96%; FOB Singapore was trading at $71.
47 a barrel, up 1.
84%.

ethylene CFR Northeast Asia 1400 US dollars / ton, flat; CFR Southeast Asia was trading at $1270 / ton, up $
10.

Spot price: Southeast Asia was flat at $1115; Far East reported 1100 yuan / ton, unchanged
.
Domestic price: North China Daqing reported 9600 yuan, flat; East China Yuyao reported 9650 yuan, up 50 yuan; South China Guangzhou 9650 yuan, flat; Northwest Dushanzi 9750 yuan, flat
.

Liansu 1901 contract opened low and went low, with a slight contraction in position, and the short-term trend was still weak
.
Fundamentally, the loosening of spot prices and the start of taxation in the second batch of lists in China and the United States have suppressed
it to a certain extent.
And the continuous rise in the early period, there is a certain pullback pressure
in the short term.

Technically, the MACD indicator is high to the downside, and the KDJ indicator is diverging downward, indicating that there are still short-term adjustment requirements
.
In terms of operation, it is recommended that investors set a take profit in their hands and hold
them cautiously.