Liansu probe low recovery and position volume significantly reduced

News: According to professional statistics: as of July 13, domestic polyolefin port inventories fell
slightly from the previous week.
Shanghai port inventory is about 311,000 tons; Huangpu port inventory is 71,000 tons; Tianjin port inventory is 66,000 tons, a total of 448,000 tons, down 6,000 tons, or 1.
32%
from last week.

Raw material price: naphtha CF Japan reported 651.
38 US dollars / ton, up 1.
34%; FOB Singapore was trading at $71.
85 a barrel, up 1.
89%.

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 1110 yuan / ton, unchanged
.
Domestic price: North China Daqing reported 9450 yuan / ton, up 50 yuan; East China Yuyao reported 9450 tons, flat; South China Guangzhou 9400 yuan, up 50 yuan; Northwest Dushanzi reported 9,400 yuan, unchanged
.

Liansu 1809 contract rebounded, 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 is flat, but the KDJ indicator has signs of divergence, operationally, investors should wait
and see for the time being.