The continuous plastic shock fell back and the trading volume shrank significantly

News: In February 2019, the apparent consumption of PE was 2.
5033 million tons/month, down 334,500 tons/month from the previous month
.
The apparent consumption of HDPE was 1,089,200 tons/month, the apparent consumption of LLDPE was 979,100 tons/month, and the apparent consumption of LDPE was 435,000 tons/month
.

Spot market: The domestic polyethylene market atmosphere is weak, and the trading center fluctuates
narrowly.
In terms of petrochemicals, the opening price of the main regional chemical sales company is basically stable, the linear futures shock declines, the merchants' shipments are not smooth, some are underreported, the linear center of gravity in the spot market is partially shifted, the high-pressure goods are few, and the center of gravity is stable and slightly raised
.
As of the morning close, the North China market fluctuated by 50-100 yuan / ton; The East China market is slightly less linear; The South China market fluctuated by around 50 yuan/ton; The southwest market is temporarily stable
.

Warehouse receipt inventory: exchange warehouse receipt reported 0 lots; It is in the historically low area and stable
during the day.
Main positions: The top 20 long positions in the main contract are 130613 lots, +2953 lots, short positions are 161843 lots, +3117 lots, and net long positions are -31230 lots, -164 lots
.

The strong trend of crude oil prices and Asian ethylene prices has provided some support to Liansu, but the general downstream demand and the rise of social inventories have suppressed the price of LLDPE
.
Technically, the L1909 contract opened high and went low, the trading volume shrank significantly, and the position increased significantly
.
The main position shows that the increase in the position of the main force of the long party is smaller than that of the main force of the short side, and the short side is slightly superior
.
The indicator MACD oscillated higher, but the red bar contracted, and the KDJ indicator had a dead cross at the high, showing signs of downward movement, indicating that the bears had the upper
hand.
In terms of operation, investors hold short orders cautiously in their hands, paying attention to the support of the 8460 line
.