Changan futures: plastic range fluctuations in rubber decline continued

crude oil to maintain the range of shocks, the overall decline in domestic industrial products, chemical varieties of different degrees of differentiation.
rubber (18400, -405.00, -2.15% ) continuous drop in short-term rally ends; plastic (9675, -5.00, -0.05% ) shock grind within intervals along the temporary
Not bit down; asphalt performance strong high and volatile.

Operational recommendations:

Plastic: inter-range fluctuations continue, concerned about the next along the support.
Interval 9400-10200.
Operational recommendations early empty single bargain to lighten up, below the back along the cover.

Rubber: short-term decline continues, concerned about the bottom support.
Interval 17000-20000.
Operation recommended early empty single hold, short rallies short.

Asphalt: 2750 above to maintain long thinking.
Interval 2750-3000.
Operational recommendations above 2750 before holding more, short-term bargain-based to do more.

a variety of fundamental analysis

LLDPE crack spread

LLDPE main industry group difference

LLDPE weekly

natural rubber baseline spread

Shanghai Futures Exchange inventories of natural rubber stock

Qingdao Bonded rubber Hujiao index weekly chart

asphalt imports
FOB

China asphalt bitumen production

index weekly chart

two week macro side important information Hougu:

1, the United States in February Markit manufacturing PMI initial value of 54.3, expected 553, 1 month-end value of 55.
United States February Markit service industry PMI initial value of 53.9, is expected to 55.8, the final value of 55.6 in January.
The United States in February Markit integrated PMI initial value of 54.3, the end of the month value of 55.8.

US home sales in January the total number of 5.69 million, is expected to 5.54 million, the former value of 5.49 million revised to 5.51 million.
US home sales in January the total number of 3.3%, expected 0.9%, the former value of -2.8% revised to -1.6%.
US new housing sales in January 555,000, is expected to 571,000, the former value of 53.6 million revised to 53.5 million.
US new home sales in January than 3.7%, 6.4% expected, the former value of -10.4% revised to -7.0%.

Federal Reserve meeting minutes: Most officials believe that a gradual rate hike is a suitable move, that in the observation of the future needs of some time.
Many officials believe that if the economy remains on track, FOMC will raise interest rates relatively quickly.
FOBC will begin discussing the balance sheet at several future meetings.

FOMC will discuss the balance sheet at several future meetings.
The dollar is facing further downside risks.
Some officials believe that there are downside risks to some potential policies.
Upside risks include fiscal stimulus measures.
Several officials believe that the unemployment rate is less than the high risk of the target.
A small number of officials believe that inflation is still facing downside risks.
The Fed will release a sectoral chart of uncertainty in the economic expectations report of the Monetary Policy Conference in March.
A small number of officials said that the future of a meeting to raise interest rates with flexibility.
The United States on February 18 the week for the first time the number of jobless claims 244,000, is expected to 240,000, the former value of 23.9 million revised to 23.8 million.
The United States on February 11 when the number of claims for unemployment benefits 2.06 million, expected 2.068 million, the former value of 2,076,000 revised by 2.07 million.
According to Axios reports: Trump is considering postponing to Congress in 2018 to consider the approval of an infrastructure construction bill, so that Congress in 2017 space to deal with health insurance laws, tax reform, the Supreme Court and the potential debt
Upper limit / government lockout and other matters.
2, the euro area in February manufacturing PMI initial value of 55.5, a 70-month high; expected 55, the former value of 55.2.
The euro area service industry PMI initial value of 55.6, a 69-month high; expected 53.7, the former value of 53.7.
The euro zone February PMI initial value of 56.0, a record high of 70 months; expected 54.3, the former value of 54.4.

3, [Central Political Bureau meeting: continue to implement a proactive fiscal policy and prudent monetary policy to strengthen the supply side of the structural reform]
The Central Political Bureau meeting pointed out that to achieve this year’s economic and social development objectives and tasks, to stabilize and improve macroeconomic policies, continue to implement a proactive fiscal policy and sound monetary policy, innovation macro-control methods to strengthen the regional control, directional control, camera control
Economic development and structural reform to create a stable environment.
Strengthen the structural reform of the supply side, deepen the domestic demand potential, promote the reform of the agricultural supply side, actively expand the open and strengthen the ecological and environmental protection.
National Bureau of Statistics: In January, the national rail freight volume increased by 10.4% to 315.5 million tons (up 9.8% in December last year).

121998871111219982387 Third, the conclusions and recommendations:

Overall conclusion:

crude oil to maintain the range of shocks, the overall decline in domestic industrial products, chemical varieties of different degrees of differentiation.
Rubber continued to fall short-term gains ended; plastic range within the shock plate down, the next did not fall below; asphalt performance strong high and volatile.

Operational recommendations:

Plastic: inter-range fluctuations continue, concerned about the next along the support.
Interval 9400-10200.

Operational recommendations Early empty single bargain to lighten up, fell below the back cover.

Rubber: short-term decline continues, concerned about the bottom support.
Interval 17000-20000.
Operation recommended early empty single hold, short rallies short.

Asphalt: 2750 above to maintain long thinking.
Interval 2750-3000.
Operational recommendations above 2750 before holding more, short-term bargain-based to do more.

Changan Futures

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