Liansu rebounded slightly and increased its holdings

News: China's PE output in June 2018 was 6.
795 million tons, an increase of 3.
2% compared with the same period last year, and the national PE output from January to June was 41.
467 million tons, an increase of 4.
8%
compared with the same period last year.
In the first half of 2018, Jiangsu Province, which ranked first in PE production in the country, produced 4.
8527 million tons of plastic in primary form in the first half of the year, a cumulative decrease of 24.
18%
year-on-year.

Raw material price: naphtha CF Japan reported 643 US dollars / ton, up 0.
94%; FOB Singapore traded at $70.
18 a barrel, up 0.
92%.

ethylene CFR Northeast Asia 1400 US dollars / ton, flat; CFR Southeast Asia was flat at $1260/mt
.

Spot price: Southeast Asia was flat at $1115; Far East reported 1100 yuan / ton, down $
20.
Domestic price: North China Daqing reported 9700 yuan, flat; East China Yuyao reported 9750 yuan, down 50 yuan; South China Guangzhou 9600 yuan, flat; Northwest Dushanzi 9750 yuan, down 50 yuan
.

The Liansu 1901 contract rebounded slightly, and the position increased
.
Fundamentally, the slight decline in social inventories has formed a certain support for the futures price, but the loosening of spot prices has suppressed it to a certain extent
.
And the continuous rise in the early period, there is a certain pullback pressure
in the short term.
Technically, the MACD indicator has a dead cross at a high level, the red bar turns green, and the KDJ indicator turns downward and shows signs of divergence downward, indicating that there are still requirements
for correction in the short term.
In terms of operation, it is recommended that investors set a take profit in their hands and hold
them cautiously.