China's MEG trading pattern and opportunities in 2018
——Wang Yousheng, general manager of Jiangsu Foho Import & Export Co., Ltd.

Wang Yousheng, general manager of Jiangsu Foho Import & Export Co., Ltd., presented his report of China's MEG trading pattern and opportunities in 2018 

First Mr. Wang introduces three stages of MEG market: 
1. Resource inflation period 
2. Paper goods from oversupply to liquidity crunch 
3. Income from being in proportion to risks to being out of proportion to risks 
4. To make good analysis on market trend and structure 

Second, market features in 2018 
1. Normalization of market contango and backwardation 
2. Speculation on “CYW” is easy to be normalized. 
3. Impetuous market mindset caused by the　difficult earning 
4. More assets management companies flow into the market, to get prepared for the launch of MEG futures 
5. Companies’ pressure from public opinion 
6. Complicated and changeable market situation 

Then he talks about how to adapt to MEG market in 2018 
1. To open or close a position is formed by 90% analysis and 10% inspiration, and the 10% inspiration is from 90% analysis. 
2. Absolute value of profit or loss is formed by 30% analysis and 70% operation. 
3. Know yourself and know your enemy, hundred battles, and hundred won. 
4. Don’t be afraid to lose money, but do be afraid of big losses.