Liansu edged higher and barely stood above the short-term average in the final session

News: The US Consumer Product Safety Commission's revised "Requirements for Phthalates in Toys and Child Care Products" will be officially implemented
on the 25th of this month.
After the modification, the types of plasticizers for children's toys and child care products will be restricted from the previous 6 to 8, and if the content of the product exceeds 1000mg/kg, it will not be sold
in the US market.
The scope and degree of control is "the strictest in history"
.
At present, the toys exported by Ningbo Port have exceeded 10 billion yuan, of which the US market accounts for about 40%, and this new regulation has a great
impact on Ningbo's toy export industry.

Raw material prices: Japan naphtha CF Japan reported 604.
75 US dollars / ton, up 0.
96%; Naphtha FOB Singapore was trading at $66.
64 a barrel, up 0.
76%.

ethylene CFR Northeast Asia 1360 US dollars / ton, flat; CFR Southeast Asia was flat at $1290/mt
.

Spot prices: Southeast Asia was flat at $1200; Far East reported 1175 yuan / ton, down $
10.
Domestic price: North China Daqing reported 9500 yuan / ton, flat; East China Yuyao reported 9,700 tons, flat; South China Guangzhou reported 9600 yuan / ton, flat; Northwest Dushanzi reported 9700 yuan / ton, unchanged
.

The 1809 contract edged higher and barely stood above the short-term moving average
in the final session.
Fundamentally, the central bank's RRR cut, the fall in social inventories may support its prices to some extent
.
Technically, the KDJ is showing signs of forming a golden cross, and the MACD red bar is getting longer again, indicating a slight advantage for short-term bulls
.
Operationally, it is recommended that investors wait and see for the time being
.