The upward momentum of the low-opening oscillation is weakening

News: The domestic polyethylene market atmosphere is weak, and most of the center of gravity has shifted
downward.
The opening price of petrochemical enterprises was partially reduced, the range was in the range of 100-150 yuan / ton, linear futures opened low and fluctuated, spot market operators were cautious, and the transaction atmosphere was poor
.
As of the midday close, the North China market was down 20-200 yuan / ton; East China market fell 100-200 yuan / ton; South China market high pressure, low pressure down 100-200 yuan / ton
.

Raw material price: naphtha CF Japan reported 468.
62 US dollars / ton, -0.
77%; FOB Singapore is trading at $49.
71/b, -0.
76%.

ethylene CFR Northeast Asia $940/mt, +1.
08%; 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 9300 yuan, -1.
06%; East China Yuyao reported 9350 yuan, -0%; South China Guangzhou 940350 yuan, -0.
53%; Northwest Dushanzi 9450 yuan, -0%.

The Liansu 1905 contract opened low and fluctuated, with a significant contraction in trading volume and a slight increase 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 oscillation is higher, the red bar is shortening, and the KDJ indicator is turning around at a high level, indicating that the upward momentum is weakening
.
In terms of operation, investors have a lot of high positions in their hands to reduce their holdings and drop their pockets for safety
.