Lianplastic broke the downward trend, and increased positions during the session

News: According to the latest statistics from China Customs, China's imports of primary shape plastics in February 2018 were 1.
84 million tons, and 4.
768 million tons
in January-February.
This represents an increase of 1%
compared to the same period last year.
In February 2018, China's plastic products exports were 917,000 tons, and from January to February it was 1.
996 million tons
.
This represents an increase of 30.
9%
compared to the same period last year.

Raw material prices: naphtha CF Japan reported 553.
25 US dollars / ton, down 1.
64%; FOB Singapore was trading at $60.
26 a barrel, down 1.
58%.

ethylene CFR Northeast Asia 1310, flat; CFR Southeast Asia was flat at $1230/mt
.

Spot price: Far East reported 1210 yuan / ton, flat, the Middle East reported 1184 yuan / ton, flat
.
North China Tianjin Daqing reported 9350 yuan / ton, flat; East China Yuyao Daqing Petrochemical 9400 tons, down 50 yuan; South China Guangzhou Maoming reported 9400 yuan / ton, flat; Northwest Dushanzi reported 9550 yuan / ton, unchanged
.

The Liansu 1805 contract opened higher and lower, closing at a new recent low, indicating that the short-term trend is still weak
.
Fundamentally, traders' inventories are high, downstream demand is weak, and spot prices fall to a certain extent to suppress
futures prices.
The future market will pay attention to whether it will cause the replenishment behavior of demanders after a continuous decline
.

Technically, LLDPE1805 broke to the downside, and the intraday volume increased positions
.
The MACD green bar becomes longer, indicating that there is still a pullback requirement, but the KDJ indicator has entered the oversold zone, therefore, it is not recommended to invest in short chasing to open new positions
.
Watch below for support
on the 9050 line.
Operationally, the old positions in the investment hand can continue to be held
cautiously.
Do not chase short.