Continuous plastic volatility lower, crude oil trend weak

News: Greece's "plastic restriction order" has produced significant results
in a year since its introduction in January this year.
The use of single-use plastic bags has decreased by 1.
5 billion in 2018, a decline of about 80%.

About 130-135 plastic bags
are used per person per year.
From January 1 next year, the price of single-use plastic bags in Greek supermarkets and stores will increase from the current 4 euro cents to 9 euro cents
.
According to the target set by the Greek authorities, Greece will use no more than 90 plastic bags per person per year by 2020, and this number will be further reduced to no more than 40 by 2025
.

Raw material price: naphtha CF Japan reported 464.
75 US dollars / ton, +0%; FOB Singapore is trading at $49.
28/b, +0%.

ethylene CFR Northeast Asia 930 US dollars / ton, -0%; CFR Southeast Asia was trading at $820/mt, -0%.

Spot price: Southeast Asia quoted $1040, -0%; Far East reported $1015/mt, -0.
54%.

Domestic price: North China Daqing reported 9200 yuan, -0%; East China Yuyao reported 9250 yuan, -1.
02%; South China Guangzhou 9200 yuan, -0%; Northwest Dushanzi 9350 yuan, +1.
08%.

The Liansu 1905 contract fluctuated lower, with a sharp increase in trading volume and open positions
.
Fundamentally, crude oil is weak, and the recovery of spot inventories has suppressed
prices.

Technically, MACD and KDJ indicators are hovering at the median level, and it is expected that the future market plastics may continue to be range-bound market
.
Operationally, investors can operate
in the range of 8400-8650.