Lian Plastic strong finishing The final Xiaoyang closed

News: After careful planning and organization, Shijian Company and Qi Yun Company cooperated, on January 15, the "Big Mac" with a total weight of 1,435 tons, the first tower of the "Big Mac" with a total weight of 1,435 tons-800,000 tons/year ethylene cracking plant No.
2 propylene tower modular overall lifting was successful, marking the installation project of Zhongke ethylene cracking plant in full swing, which is bound to set off a new upsurge of Zhongke project, which is expected to accelerate the construction of new production capacity of the cracking plant in 2019
.

Spot market: the domestic polyethylene market finishing trend, petrochemical, East China low-pressure injection molding part rose 200, the rest of the chemical sales unit price is more stable
.
Linear futures continued to rise, the sales atmosphere in the spot market was acceptable, and merchants actively completed the sales task, so the price did not increase significantly, maintaining stable sales
.
As of the close of the morning, the North China market was narrow, with a range of 50-100 yuan / ton; Slight consolidation in East China market; The South China market is mainly
consolidated.

Warehouse receipt inventory: Exchange warehouse receipts reported 342 lots, +0; in the historical low area, currently stable
.

Main positions: The top 20 long positions in the main contract are 143548, -229, short positions are 169399, -1571, and net long positions are -25851, -1571
.
It shows that the strength of the main position reduction of the bulls is less than that of the main force of the bears
.

Summary: The trading volume and position of the L1905 contract have decreased
significantly.
Fundamentally, crude oil stopped falling and rebounded, and ethylene stabilized to form a certain support
for prices.
However, the sluggish downstream demand, and the lower enthusiasm of downstream enterprises to stock up than expected a few years ago limited the height of the price rebound to a certain extent

Technically, the moving average system supports the futures price, MACD, KDJ indicators have signs of strengthening, and the market may rebound in
the future.
Operationally, investors can continue to hold long orders in the early stage, with a stop loss of 8550 yuan and a target of 8700 yuan
.