Liansu slightly higher open volume increased positions upward

News: After nearly three years of construction, CNOOC's Huizhou Refining Phase II Refining Project 10 million tons/year refining project has been successfully commissioned, and the downstream 1.
2 million tons of polyolefin plant is expected to be produced in mid-April
.

Raw material prices: naphta CF Japan reported 582.
75 US dollars / ton, down 0.
89%; FOB Singapore was trading at $64.
19 a barrel, down 1.
09 percent
.
ethylene CFR Northeast Asia 1345, down $15; CFR Southeast Asia was trading at $1260/mt, down $
15.

Spot price: Southeast Asia reported 1190 yuan / ton, unchanged
.
Far East reported 1160 yuan / ton, flat
.
North China Tianjin Daqing reported 9500 yuan / ton, up 100 yuan; East China Yuyao Daqing Petrochemical 9650 tons, up 100 yuan; South China Guangzhou Maoming reported 9550 yuan / ton, up 100 yuan; Northwest Dushanzi reported 9500 yuan / ton, unchanged
.

Liansu 1809 opened slightly higher, and then increased the amount of positions to the upside, because it is currently in the early stage of moving positions, it is normal to
increase positions.
Fundamentally, crude oil prices have fallen, inventories are still high or have formed a certain suppression of futures prices, but domestic and foreign spot prices are firm, and the operating rate of downstream enterprises has rebounded to support
it.

Technically, today's L1809 volume increase positions upward, the technical pattern has improved significantly, but the pressure of the upper 9360 line can not be underestimated, it is recommended that the hand can take profits by rushing higher
.
Wait for the fall back to pick up
.