Liansu opened slightly higher It is recommended that short orders be held with caution

News side: PE market domestic polyethylene market price is weak overall, high pressure in North China, linear decline of about 50-100 yuan / ton, low pressure change little, individual pipes increased by about
50 yuan / ton.
South China fell linearly by about 50 yuan / ton, and high pressure and low pressure were relatively stable
.
The high pressure and linear market quotations in East China are inverted by about 50-100 yuan / ton, and the low pressure is relatively stable
.

Raw material price: naphtha CF Japan reported 634.
12 US dollars / ton, down 1.
53%; FOB Singapore was trading at $69.
42 a barrel, down 1.
18%.

ethylene CFR Northeast Asia 1400 US dollars / ton, flat; CFR Southeast Asia was flat at $1260/mt
.

Spot price: Southeast Asia was flat at $1115; Far East reported 1120 yuan / ton, unchanged
.
Domestic price: North China Daqing reported 9800 yuan, down 50 yuan; East China Yuyao reported 9850 yuan, flat; South China Guangzhou 9650 yuan, flat; Northwest Dushanzi 9800 yuan, flat
.

The Liansu 1901 contract opened slightly higher, basically maintained a horizontal finishing in the morning, and fell back in the afternoon
.
Interest volume continued to increase
slightly.
Fundamentally, the decline in social inventory and the firm spot price have formed a certain support for the price, but the continuous rise in the early stage has led to a certain profit selling pressure
in the short term.

Technically, the MACD indicator red column has signs of flattening at a high level, the red bar is significantly shortened, and the KDJ indicator also has signs of turning downward, and it is necessary to guard against technical adjustments
in the short term.
Operationally, investors are advised to hold
short orders with caution.