The continuous plastic test moving average temporarily gained support

News: On May 9, some petrochemical stocks in the four major regions were around 69,000 tons, down 16.
2% from last week and 7.
3%
lower than the same period last year.
Among them, this week, high pressure decreased by 3270 tons, low pressure decreased by 4570 tons, and linear decreased by 5510 tons
.
The average operating rate this week is up 1% from last week to around
85%.

Raw material price: naphtha CF Japan reported 672.
38 US dollars / ton, up 2.
48%; FOB Singapore was trading at $74.
26 a barrel, up 2.
48%.

ethylene CFR Northeast Asia 1260 US dollars / ton, flat; CFR Southeast Asia was flat at $1195/mt
.

Spot price: Southeast Asia is trading at $1205, up $5; Far East reported 1185 yuan / ton, unchanged
.
Domestic price: North China Daqing reported 9800 yuan / ton, flat; East China Yuyao reported 9,900 tons, flat; South China Guangzhou reported 9850 yuan / ton, down 100 yuan; Northwest Dushanzi reported 9800 yuan / ton, up 50 yuan
.

The 1809 contract retest moving average was temporarily supported
.
Fundamentally, crude oil is strong, equipment maintenance peaks, and spot prices continue to rise, which supports its prices to some extent
.

Technically, the MACD indicator shows signs of flattening at a high level, and the KDJ indicator is also forming a dead cross at a high level, and there may be a requirement for technical adjustment in the short term
.
In terms of operation, the early stage of investment can be reduced when it hits high, and it will be regained after the return
.