PP narrow finishing Focus on the support below

News: U.
S.
Energy Information Administration data also showed that in the week ended February 16, 2018, U.
S.
crude oil exports averaged 2.
044 million barrels per day, an increase of 722,000 barrels from the previous Sunday's average exports and 833,000 barrels from the same period last year, and the average daily export volume of U.
S.
crude oil in the past four weeks was 160.
5 barrels, an increase of 91.
4%
over the same period last year.
Since the beginning of this year, the average daily export of U.
S.
crude oil has reached 1.
47 million barrels, an increase of 90.
7%
over the same period last year.

Raw material prices: CF Japan reported 552.
75 tons, up 0.
36%; FOB Singapore was trading at $60 a barrel, up 0.
35%.

The domestic propylene market has fallen, South Korea's FOB price of 1060 US dollars / ton, flat, domestic propylene price of 8175 yuan / ton, down 100 yuan
.

Spot prices: the Far East was quoted at $1220/ton, up $10, and China's CIF was quoted at $1220/ton, up $10
.
North China CNPC T30S reported 9,000 yuan / ton, up 50 yuan; East China Shaoxing Sanyuan T30S reported 9200 yuan / ton, unchanged; South China Maoming T30S reported 9300 yuan / ton, flat
.

Summary of views: Today's PP1805 contract relies on the 5-day moving average to narrow the range, and the trading volume and position have increased, indicating that the market sentiment has recovered
.
Fundamentally, during the long holiday, the factory continued to produce, inventory accumulated, spot prices fell back to produce certain restrictions on the futures price, and just after the long holiday, downstream starts are still insufficient, and demand is not significantly supported
.
Technically, the PP1805 contract has pressure and support
below.
KDJ and MACD indicators have signs of stopping their decline, and the market will focus on the support
of the 9250 line.
Operationally, investors can hold long orders with this line as a stop loss level
cautiously.