PP closed down and continued to show a volatile trend in futures

News side: Qilu Petrochemical (70,000 tons/year) plant produces SP179
.

Raw material prices: Japan naphtha CF Japan reported 601.
12 US dollars / ton, down 11.
88; naphtha FOB Singapore reported 66.
55 US dollars / barrel, down 0.
89
.
South Korea's FOB propylene price was 1040 US dollars / ton, flat, and the domestic propylene price was 8175 yuan / ton, flat
.

Spot prices: foreign spot market prices rose, the Far East was quoted at $1210/ton, up 10, and China's CIF price was $1210/ton, up 10
.
Prices in the domestic market fell in some areas; North China Qilu 8750 yuan / ton, flat; East China Ningbo 8950 yuan / ton, down 50; South China Maoming reported 9250 yuan / ton, unchanged
.

The PP1809 contract closed down in volatility, and the futures price was mainly sorted out and did not change much
.
PP prices have loosened in most parts of China, and most Sinopec oil companies have lowered their ex-factory prices
.
PP prices in North China are weak and sorted, market transactions are general, downstream manufacturers just need to take goods, PP prices in South China are loose, merchants reduce prices out of the warehouse, downstream enterprises are cautious to take goods; Prices in East China are loose, and the market trading situation is average
.

On the technical side, the PP1809 contract closed down for five consecutive negatives, and after testing the 9000 mark above, it quickly fell back below 9000, the center of gravity of the futures price moved down, the MACD red column contracted, and the futures price showed a volatile trend
.
Operationally, trade
in the range 8880-9040.