Even plastic shrinkage to reduce positions, weak shock downward

News side: 1.
The Ordos Municipal People's Government, the Dalat Banner People's Government and Shanghai Oriental Hope Group held a signing ceremony
for the construction of a 3.
6 million ton methanol to 1.
4 million ton olefin project in Hohhot on the 6th.
2.
Although the domestic film market price stabilized as a whole this week, it was slightly corrected by the actual transaction price of manufacturers
.
It is difficult to follow up the downstream efforts, and all film companies have said that the recent new orders are poor, and terminal companies have been on holiday, although there are stocks, but not much
.
According to East China Film Enterprises, the recent raw material inventory of manufacturers has been maintained at about one week, and the inventory of finished products is 4-5 days
.

Feedstock prices: International naphtha prices continue to decline
.
CF Japan reported 549.
62 tons, -1.
98%; FOB Singapore is trading at $59.
6/b, -2.
07%.

The ethylene market remained stable, CFR Northeast Asia 1315, flat; CFR Southeast Asia was flat at $1220/mt
.

Spot price: The price of foreign spot market is stable and slightly rising, the Far East reported 1220 yuan / ton, flat, and the Middle East reported 1194 yuan / ton, flat
.
Domestic market prices fell slightly, Tianjin Daqing reported 9500 yuan / ton, down 50 yuan; East China Yuyao Jilin Petrochemical 9650 tons, flat; South China Guangzhou Maoming reported 9700 yuan / ton, flat; Northwest Dushanzi reported 9800 yuan / ton, unchanged
.

Near the Spring Festival, the enthusiasm for market participation weakened, the price of upstream raw materials fell, and the spot price in some parts of the country was lowered, which is expected to suppress
the futures price.
Affected by the upcoming long holiday, downstream demand is also sluggish
.

Technically, LLDPE1805 contract contraction and downward position, indicating that the market sentiment is insufficient, although the KDJ indicator has signs of stopping the decline, but the MACD indicator continues to slowly decline, touching the five-day line today and re-lowering, indicating that the upper pressure is still there
.
It is expected to maintain a weak shock pattern
in the short term.
Operationally, the empty order in the hands of investors can be put into the pocket.