Instead of
$(psql -U asm -d asm -t -c) echo
"""update zr_fsinstance
set lu_order='1' where managementaccesspointhostname = '$CE1';"""
Try:
$(psql -U asm -d asm -t -c "UPDATE zr_fsinstance set lu_order='1'
where managementaccesspointhostname = ${CE1};")
OR (if you prefer):
`psql -U asm -d asm -t -c "UPDATE zr_fsinstance set lu_order='1'
where managementaccesspointhostname = ${CE1};"`