Liansu rushed back down and the position continued to increase significantly

News side: European producers lowered the price of low-density polyethylene (LDPE) shipped to the CIS market in August, according to the ICIS-MRC price
report.
From the perspective of transactions, the negotiated price of European LDPE in August remained between 1,045-1,090 euros/mt in the FCA, down
from the average price of 1,100 euros/mt in July.
Although some factories have been shut down due to overhauls, European producers have no major restrictions
on shipments in August.

Raw material price: naphtha CF Japan reported 660.
25 US dollars / ton, up 0.
82%; FOB Singapore was trading at $72.
38 a barrel, up 0.
67%.

ethylene CFR Northeast Asia 1400 / ton, up 20 US dollars; CFR Southeast Asia was trading at $1260 a tonne, up $
5.

Spot price: Southeast Asia reported $1125, up $5; Far East reported 1120 yuan / ton, unchanged
.
Domestic price: North China Daqing reported 9800 yuan, flat; East China Yuyao reported 9850 yuan, up 50 yuan; South China Guangzhou 9850 yuan, flat; Northwest Dushanzi 9800 yuan, flat
.

The Liansu 1901 contract rushed back down, and the position continued to increase
significantly.
Fundamentally, petrochemical companies raised prices and the decline in social inventories formed a certain support for prices, but after many days of rise, there was a certain profit selling pressure
in the short term.

Technically, there is a divergence, the MACD indicator oscillates higher, but the KDJ indicator continues to be in a state of top divergence, and it is necessary to guard against technical adjustments
in the short term.
In terms of operation, investors can reduce their holdings at high prices and drop their pockets for safety
.