Liansu opens slightly higher and intraday short-term trading is appropriate

News: PE imports in June 2018 were about
1.
125 million tons.
Among them, LLDPE imports were 364,000 tons, a year-on-year decrease of 16.
32% from the previous month; HDPE imports were 526,000 tons, down 14.
19% from the previous month; LDPE imports were 235,000 tons, down 21.
14%
from the previous month.
The total export volume is 20,000 tons
.
Among them, the export volume of LDPE is 07,000 tons, the export volume of HDPE is 10,000 tons, and the export volume of LLDPE is 03,000 tons
.
It is expected that with the depreciation of the renminbi, the export volume is expected to increase
in the later period.

Raw material price: naphtha CF Japan reported 643.
5 US dollars / ton, up 2.
29%; FOB Singapore was trading at $70.
74 a barrel, up 2.
33%.

ethylene CFR Northeast Asia 1380 US dollars / ton, down 20 US dollars; CFR Southeast Asia was flat at $1270/mt
.

Spot prices: Southeast Asia was flat at $1,130; Far East reported 1115 yuan / ton, unchanged
.
Domestic price: North China Daqing reported 9500 yuan / ton, up 50 yuan; East China Yuyao reported 9450 tons, flat; South China Guangzhou 9400 yuan, flat; Northwest Dushanzi reported 9,400 yuan, unchanged
.

The 1809 contract opened slightly higher, and the position continued to decrease
throughout the day.
Fundamentally, the peak period of equipment maintenance has formed a certain support for the price, but the downstream demand is sluggish, and the slow decline in social inventory has suppressed it to a certain extent
.

Technically, the MACD indicator hovers on the red column axis, the KDJ indicator is flat at a high level, and the short-term trend is unknown
.
Operationally, investors are advised to wait and see or take intraday short-term trading
.