Narrow finishing of continuous plastic It is recommended that investors wait and see for the time being

News: As of September 26, the average operating rate of polyethylene petrochemical plants increased by 1% from last week to about
91%.
Polyethylene social inventories continued to decline, down 4.
5%
from last week.
Inventories of production companies decreased from last week, falling by 3.
2%.

In terms of varieties, high-pressure and low-pressure inventories have decreased, and linear inventories have increased
.
Inventories of polyethylene in coal-based companies have increased, up 7.
4% from last week, and are currently at an upper
moderately high level.
On the trader side, little has changed overall, with end-users continuing to stock up on demand
.

Raw material price: naphtha CF Japan reported 713.
25 US dollars / ton, up 0.
87%; FOB Singapore was trading at $78.
03 a barrel, up 0.
94%.

ethylene CFR Northeast Asia 1300 US dollars / ton, flat; CFR Southeast Asia was flat at $1160/mt
.

Spot price: Southeast Asia reported $1130, up 20 yuan; Far East reported 1110 yuan / ton, unchanged
.
Domestic prices: North China Daqing reported 9730 yuan, down 20 yuan; East China Yuyao reported 9750 yuan, flat; South China Guangzhou 10,000 yuan, flat; Northwest Dushanzi 9750 yuan, down 150 yuan
.

Liansu 1901 contract was sorted out in a narrow range, and the trading volume and position volume were greatly reduced, and the pre-holiday atmosphere was strong
.
Fundamentally, raw materials and Asian spot prices have rebounded, and the decline in social inventories has supported prices, but the increase in supply and the sharp rise in imports have put certain pressure
on prices.

Technically, the MACD median hovered, and the KDJ indicator turned its head downward at a high level, indicating that the short-term trend is still repeated
.
Operationally, tomorrow is the last trading day before the long holiday, and investors are advised to wait and see
.