PP high finishing continued to increase positions sharply during the session

News side: PP market: Today's PP CNPC Southwest raised by 100 yuan / ton
.
Today's futures opened high, boosting the market mentality, traders more tentatively slightly overreported, downstream wait-and-see mentality is strong, receiving goods is limited, and the transaction is average
.

Raw material price: naphtha CF Japan reported 643 US dollars / ton, up 1.
18%; FOB Singapore was trading at $70.
16 a barrel, up 1.
28 percent
.
South Korea's FOB propylene price was 1075 US dollars / ton, flat, and the domestic propylene price was 9475 yuan / ton, flat
.

Spot price: Southeast Asia was quoted at $1230, flat; The Far East was down $5 at $1225 a
tonne.
Domestic: North China Qilu no quotation; East China Sanyuan 10150 yuan, up 100 yuan; South China Maoming 10250, down 50 yuan
.

The PP1901 contract was sorted out at a high level, and continued to increase its position sharply during the session, and the short-term trend was still strong
.
Fundamentally, social inventories have fallen significantly, supporting prices, but loosening spot prices may limit PP gains
.
And after continuous rise, there is a certain profit selling pressure
in the short term.

Technically, the MACD red column shows signs of flattening at a high level, while the KDJ indicator continues to diverge, and it needs to be prevented from technical adjustments
in the short term.
In terms of operation, it is recommended that investors should take intraday trading as appropriate, fast forward and fast out
.