Liansu opened slightly higher and the position volume decreased significantly

News side: The price of polyethylene in the Yuyao market partially rose, the factory price of enterprises was partially raised, and the offer of traders was partially increased
.
It is expected that the linear transaction is about
9350-9450 yuan / ton.
The offer price of Dongguan PE market partially fell, and the transaction price of linear products in the market was about 9400-9500 yuan / ton.

Raw material price: naphtha CF Japan reported 627.
88 US dollars / ton, down 3.
61%; FOB Singapore was trading at $69.
11 a barrel, down 3.
81%.

ethylene CFR Northeast Asia 1410 US dollars / ton, flat; CFR Southeast Asia was flat at $1280/mt
.

Spot price: Southeast Asia was flat at $1140; Far East reported 1115 yuan / ton, up $
5.
Domestic price: North China Daqing reported 9450 yuan / ton, flat; East China Yuyao reported 9450 tons, flat; South China Guangzhou 9400 yuan, flat; Northwest Dushanzi reported 9,400 yuan, unchanged
.

The Liansu 1809 contract opened slightly higher, and it was arranged horizontally around the intraday moving average throughout the day, and the position volume decreased
significantly.
Fundamentally, the peak period of equipment maintenance has formed a certain support for the price, but the downstream demand is sluggish, and the slow decline in social inventory has suppressed it to a certain extent
.

Technically, the MACD indicator red bar shortened, the KDJ indicator has signs of a dead cross downward, operationally, investors can hold short orders in the 9360 line as a stop loss level
cautiously.