The decline of the continuous plastic shock shows that there is a pressure on funds

News: In May 2018, domestic PE imports were 1.
346 million tons, up 57.
98% year-on-year, of which high pressure was 298,000 tons, up 62.
84% year-on-year, low pressure was 613,000 tons, up 30.
7% year-on-year, and linear 435,000 tons, up 117.
5%
year-on-year.
The cumulative import was 5.
816 million tons, a year-on-year increase of 21.
99%.

Raw material price: naphtha CF Japan reported 619.
12 US dollars / ton, down 1.
84%; FOB Singapore was trading at $67.
8 a barrel, down 2.
08%.

ethylene CFR Northeast Asia 1375 US dollars / ton, flat; CFR Southeast Asia was flat at $1260/mt
.

Spot prices: Southeast Asia was flat at $1170; Far East reported 1160 yuan / ton, down $
5.
Domestic price: North China Daqing reported 9200 yuan / ton, flat; East China Yuyao reported 9,300 tons, down 100 yuan; South China Guangzhou reported 9150 yuan / ton, down 150 yuan; Northwest Dushanzi reported 9,600 yuan, unchanged
.

The Liansu 1809 contract fluctuated lower, and the position increased significantly, indicating that there was a pressure on funds
.
On the fundamentals, long and short coexist, and the peak period of device maintenance has formed a certain support for prices, but the escalation of the Sino-US trade war, sluggish downstream demand, and the slow decline in social inventories have suppressed it to a certain extent
.

Technically, the MACD indicator green bar dead cross down, the KDJ indicator oscillation retreat, but the J value shows signs
of overbearing.
In terms of operation, stable investors can close their positions when they fall sharply, and activists set their take profits and hold them
cautiously.