Liansu rebounded slightly, and the trading volume shrank significantly

News: Domestic polyethylene market prices are mixed
.
Although affected by the recent plunge in crude oil, the domestic market atmosphere is weak, and the merchants' offers are generally lowered, but at the end of the month, the supply of some resources is reduced, coupled with the terminal enterprises have successively stocked for the New Year's Day holiday, so the supply and demand of the spot market has improved slightly, and the transaction center of gravity is mixed
.
As of the morning close, the North China market was mixed, with a range of 30-150 yuan / ton; The East China market fluctuated in a narrow range, with a range of 50 yuan / ton; The South China market is slightly less linear, with a range of 50 yuan / ton
.

Raw material price: naphtha CF Japan reported 466.
88 US dollars / ton, -0%; FOB Singapore is trading at $49.
53/b, -0%.

ethylene CFR Northeast Asia 940 USD/ton, +0%; CFR Southeast Asia is trading at $830/mt, +0%.

Spot price: Southeast Asia quoted $1040, -0%; Far East reported $1020/mt, +0%.

Domestic price: North China Daqing reported 9200 yuan, -0%; East China Yuyao reported 9350 yuan, -0%; South China Guangzhou 9200 yuan, -1.
60%; Northwest Dushanzi 9300 yuan, -1.
06%.

The Liansu 1905 contract rebounded slightly, with significant shrinking volume and a slight decrease in position
.
Fundamentally, ethylene stopped falling and stabilized to form some support for prices, but the weak trend of crude oil hit market confidence
.

Technically, the MACD axis is flat, the red bar is shorter, the KDJ indicator turns downward at a high level, and the short-term trend is still weak
.
Operationally, short orders in the hands of investors can be held with high profit and cautious
.