Liansu opened sharply high and fell back after rushing high

News side: Statistics show that the overall operating rate of agricultural film enterprises in November was 53%, -5.
35%
month-on-month.
-7.
69% year-on-year; Mulch film in the northwest and southwest regions has been put into production, and the operating rate has increased significantly; In the northeast region, due to the decrease in shed film orders, the operating rate decreased slightly; After entering December, although the demand for shed film has decreased significantly, it will soon usher in the peak season of demand for mulch film, and it is expected that downstream demand will still increase, which will support the market price of raw materials to a certain extent
.

Raw material price: naphtha CF Japan reported 487 US dollars / ton, +3.
23%; FOB Singapore is trading at $52.
169/b, +3.
31%.

ethylene CFR Northeast Asia 950 US dollars / ton, -5%; CFR Southeast Asia was trading at $860/mt, -5.
49%.

Spot price: Southeast Asia quoted $1020, -0%; Far East reported $980/mt, -0%.

Domestic price: North China Daqing reported 9200 yuan, +0%; East China Yuyao reported 9350 yuan, +1.
08%; South China Guangzhou 9500 yuan, +1.
06%; Northwest Dushanzi 9400 yuan, -0%.

The Liansu 1905 contract opened sharply higher, fell back after rising in early trading, and the trading volume and position volume increased
greatly.
Fundamentally, the easing of the Sino-US trade war has boosted market sentiment to a certain extent, and the rebound of naphtha and domestic spot prices has produced some support
for plastics.
After entering December, the demand for downstream mulch film began to rise, which is expected to also drive the downstream demand
for plastics.

Technically, MACD low flattened, green bars disappeared, red bars emerged, and KDJ indicators low gold crosses upward, indicating that there are certain rebound requirements
in the short term.
Operationally, investors can build light positions and grab more rebounds
when they pull back.