PP opened high and oscillated with a slight increase in position

News side: PP traders continue to reduce their willingness to make profits and shipments, and some merchants slightly tentatively overreport; However, due to the continued decline in the ex-factory price of some petrochemicals, the wait-and-see mentality of downstream manufacturers occupied the mainstream, and the transaction did not increase
.
CNPC North China wire drawing reduced by 100 yuan / ton, Sinopec South China PP fiber decreased by 150 yuan / ton, injection molding reduced by 50-100 yuan / ton,

Raw material price: naphtha CF Japan reported 594.
12 US dollars / ton, -2.
66%; FOB Singapore is trading at $64.
04/b, -2.
87%.

ethylene CFR Northeast Asia 920 US dollars / ton, -0%; CFR Southeast Asia is trading at $835/mt, -0%.

South Korea's FOB propylene price is 1020 US dollars / ton, -1.
92%, and the domestic propylene price is 9175 yuan / ton, +0%.

Spot price: Southeast Asia quoted $1250, -0%; The Far East was quoted at $1200 / ton, -0%.

Domestic: North China Qilu reported 10400 yuan, -0%; East China Sanyuan 10350 yuan, +0.
49%; South China Maoming 10730 yuan, -0%.

PP1901 opened high and fluctuated, the trading volume decreased significantly, and the position increased
slightly.
Fundamentally, crude oil pulls back and propylene prices loosen, suppressing
prices.
However, the low level of social inventory and the little supply pressure have formed a certain support
for prices.

Technically, the MACD median flattened, the green column shortened, and the KDJ low golden cross showed signs and diverged upward, indicating that there is a short-term rebound requirement
.
In terms of operation, it is recommended that investors settle the short order in their hands and settle their pockets
.