Lianplastic slightly low open, shock probe low recovery

News: From March to May 2018, the output of plastic products in Heilongjiang Province gradually increased, and the output of plastic products in Heilongjiang Province in May 2018 was 11,100 tons, down 62.
5%
year-on-year.
In June 2018, the output of plastic products in Heilongjiang Province decreased slightly, and the output of plastic products in Heilongjiang Province in June 2018 was 10,800 tons, down 70.
81%
year-on-year.
From January to June 2018, the cumulative output of plastic products in Heilongjiang Province was 49,200 tons, down 74.
7%
year-on-year.

Raw material price: naphtha CF Japan reported 634.
5 US dollars / ton, up 0.
06%; FOB Singapore was trading at $69.
32 a barrel, down 0.
14 percent
.
ethylene CFR Northeast Asia 1400 US dollars / ton, flat; CFR Southeast Asia was flat at $1260/mt
.

Spot price: Southeast Asia was flat at $1115; Far East reported 1120 yuan / ton, unchanged
.
Domestic price: North China Daqing reported 9700 yuan, down 100 yuan; East China Yuyao reported 9800 yuan, down 50 yuan; South China Guangzhou 9650 yuan, flat; Northwest Dushanzi 9800 yuan, flat
.

The Liansu 1901 contract opened slightly lower, fluctuated lower in the morning, and recovered in the afternoon, recovering most of the lost ground
in the final session.
Interest volume continued to increase
slightly.
Fundamentally, the decline in social inventory and the stability of spot prices have formed a certain support for prices, but after continuous rise in the early stage, there is a certain profit selling pressure
in the short term.

Technically, the MACD indicator has a dead cross at a high level, the red column continues to shorten, and the KDJ indicator has also turned downward, and there are still short-term adjustment requirements
.
Operationally, investors are advised to hold
short orders with caution.