The pressure of the continuous plastic pullback shows that the bears have the advantage

News: From January to February 2019, the total number of enterprises in the plastic products industry was 15,428, the number of loss-making enterprises was 3,884, and the total profit was 10.
096 billion yuan, a year-on-year decrease of 1.
19%, of which: the total profit of plastic film manufacturing industry was 1.
187 billion yuan, a year-on-year decrease of 4.
85%; The total profit of plastic sheets, pipes and profiles was 2.
211 billion yuan, a year-on-year decrease of 4.
08%; The total profit of plastic wire, rope and woven products manufacturing industry was 1.
023 billion yuan, an increase of 5.
91% year-on-year; The total profit of daily plastic products manufacturing industry was 2.
354 billion yuan, an increase of 23.
54%
year-on-year.

Spot market: The domestic polyethylene market continues to be weak
.
In terms of petrochemicals, the low-pressure and linear opening price of the main regional sales company was partially reduced, with a range of about 100 yuan / ton
.
Linear futures volatility weakened, merchants did not ship smoothly, some offers continued to fall, inverted transactions were common, downstream on-demand goods, and the transaction was weak
.
As of the morning close, the North China market fell 50-100 yuan / ton; East China market fell 50 yuan / ton; The South China market fell by around 50 yuan / ton; The southwest market fell around 50 yuan / ton
.

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 149168 lots, +5244 lots, short positions are 192193 lots, +2292 lots, and net long positions are -430257 lots, +2932 lots
.

The firm price trend of crude oil has provided some support to Liansu, but the general downstream demand and high inventories of the two oils have suppressed
the price of LLDPE.
Technically, the L1909 contract fell under pressure, and the short-term average put some pressure on it, and the trading volume and position volume increased
significantly.
The main position shows that the strength of the main position of the long party is greater than that of the main force of the bear, and the long party has the advantage
.
The indicator MACD retreated slightly, the green bar elongated, and the KDJ indicator oscillated to the downside, indicating that the bears had the advantage
.
Operationally, investors hold short orders cautiously, and short positions can sell short when they rebound
.