Liansu opened low and went low, and the position volume increased slightly

News: The Plastics Industry Association of America released its latest Building and Construction Market Watch
.
The report shows that the advantages of plastic materials make it the best choice for a wide range of applications, and the demand for plastics in the construction and construction industry will grow
.
"Given the size of the building and construction market, there are many opportunities in the plastics industry, and forecasts suggest more in the future," the report also predicts year-over-year growth of 9.
5 percent in 2018 and 2.
0 percent in 2019 — while upgrades to U.
S.
infrastructure are long
overdue.
All of these trends will ultimately benefit
plastics.

Raw material price: naphtha CF Japan reported 689.
12 US dollars / ton, +0.
11%; FOB Singapore is trading at $74.
82/b, +0.
09%.

ethylene CFR Northeast Asia 1120 US dollars / ton, +0%; CFR Southeast Asia is trading at $1,020/mt, +0%.

Spot prices: Southeast Asia was flat at $1,130; Far East reported 1110 yuan / ton, unchanged
.
Domestic price: North China Daqing reported 9700 yuan, -1.
02%; East China Yuyao reported 9800 yuan, -1.
01%; South China Guangzhou 10,000 yuan, -0%; Northwest Dushanzi 9850 yuan, -0%.

Liansu 1901 contract opened low and went low, the trading volume was significantly enlarged, and the position increased
slightly.
Fundamentally, the management's tax cuts and RRR cuts have provided some support to the market, but downstream demand is flat, and the slight recovery of social inventories has suppressed
prices.

Technically, the MACD median dead cross is downward, and the KDJ indicator is oscillating lower, indicating a short-term pullback requirement
.
Operationally, investors are advised to sell short
on the rebound.