PP dip rebounds The rebound is expected to continue

News side: Yuyao PP market slightly adjusted 10-100 yuan / ton, CNPC East China prices rose, traders appropriately overreported, buying orders on demand replenishment
.
Most of the Shanghai PP market offers are stable, individual grades rose 20-70 yuan / ton, concentrated in wire drawing materials, futures fluctuated widely, traders followed the market, buying maintained just need to purchase
.
The price of Guangzhou PP market was partially adjusted, and the market waited and watched
.

Raw material price: naphtha CF Japan reported 659.
88 US dollars / ton, down 0.
34%; FOB Singapore was trading at $73.
2 a barrel, down 1.
01%.

South Korea's FOB propylene price was 1080 US dollars / ton, flat, and the domestic propylene price was 8225 yuan / ton, flat
.

Spot price: Southeast Asia was flat at $1300; The Far East was flat at $1,245/mt
.
Domestic: North China Qilu 9250 yuan / ton, flat; East China Sanyuan 9250 yuan / ton, flat; South China Maoming reported 9650 yuan / ton, flat
.

The PP1809 contract rebounded from the low, and the lower 5-day moving average temporarily provided support
.
On the fundamental side, long and short coexist, the peak of device maintenance and the decline of social inventory have produced certain support for the futures price, but the loosening of spot prices has put certain pressure
on the price.

On the technical side, MACD shows signs of turning upwards and KDJ low gold crosses diverging upward, indicating that the rally is expected to continue
.
In terms of operation, it is recommended that investors set more take profits in their hands and hold
them cautiously.