PP opened slightly higher and maintained a horizontal finishing in early trading

News: According to Longzhong tracking data, as of December 5, domestic social inventory decreased by 10.
87% compared with last week, of which North China decreased by 5.
27% month-on-month, East China decreased by 22.
60% month-on-month, South China decreased by 3.
75% month-on-month, and other regions decreased by 8.
10%
month-on-month.
At the beginning of this month, merchants actively shipped, but petrochemical billing was limited, downstream factories concentrated just needed to replenish storage, and social inventory was further reduced
.

Raw material price: naphtha CF Japan reported 493.
62 US dollars / ton, -3.
82%; FOB Singapore is trading at $53/b, -4.
04%.

ethylene CFR Northeast Asia 880 US dollars / ton, -4.
35%; CFR Southeast Asia was quoted at $790/mt, -4.
82%.

The FOB price of South Korean propylene is 855 US dollars / ton, +0%, and the domestic propylene price is 8275 yuan / ton, +0.
61%.

Spot price: Southeast Asia quoted at $1075, +0.
47%; The Far East was quoted at $1,045/mt, +2.
96%.

Domestic: North China Qilu 9400 +0%; East China Sanyuan 9700 yuan, +2.
11%; South China Maoming 9900 yuan, +1.
02%.

PP1905 opened slightly higher, maintained a horizontal finishing in the morning, dipped in the late afternoon, and closed in the middle of the day
.
The volume has increased significantly, and the position volume has also been amplified
.
Fundamentally, domestic spot prices have recovered rapidly, and the volume has been amplified to support prices, but the resumption of crude oil declines has caused market concerns
.

Technically, MACD rose slightly, but the red bar was flat, and the KDJ median was flat, indicating a weakening
of the rebound.
In terms of operation, it is recommended that investors reduce their holdings
by taking advantage of the high.