Liansu rebounded slightly and funds left the market before the holiday

News: According to statistics from professional institutions, as of September 27, the total amount of petrochemical warehouses in the four major regions of PE in China has decreased by 3.
2% compared with last week, and PE social inventories have also continued to decline by 4.
5%.

The average operating rate of PE equipment is about
85%.
The operating rate of PE downstream packaging products remained normal; The average operating rate of agricultural film rose slightly to about
56%.
The domestic polyethylene market price fluctuated higher, the linear price was about 9750 yuan, and the Asian polyethylene market price also rose, linear about 1110 US dollars
.

Raw material price: naphtha CF Japan reported 716.
88 US dollars / ton, up 0.
51%; FOB Singapore was trading at $78.
42 a barrel, up 0.
50%.

ethylene CFR Northeast Asia 1280 US dollars / ton, down 20 US dollars; CFR Southeast Asia was flat at $1160/mt
.

Spot prices: Southeast Asia was flat at $1,130; Far East reported 1110 yuan / ton, unchanged
.
Domestic price: North China Daqing reported 9700 yuan, down 30 yuan; East China Yuyao reported 9750 yuan, flat; South China Guangzhou 10,000 yuan, flat; Northwest Dushanzi 9750 yuan, flat
.

The Liansu 1901 contract recovered slightly, and the trading volume and position continued to decrease sharply, indicating that funds left the market before the
holiday.
Fundamentally, the decline in social inventories has supported prices, but the sharp rise in imports has put certain pressure
on prices.

Technically, the MACD and KDJ indicators are hovering at the median, indicating that the short-term trend is still repeated
.
In terms of operation, it is recommended that investors wait and see for the time being and wish a happy holiday!