PP opened slightly higher and moved sideways around the moving average

News: Yuyao PP market rose slightly by 30-100 yuan / ton, traders quoted high prices, buying orders on demand replenishment
.
The price of the Guangzhou PP market has risen, and the market is waiting and seeing
.
PP granules in Qilu Chemical City rose in price
.
The merchant offer part of the price rose, the mainstream quotation of wire drawing was 9000-9250 yuan / ton, and the real transaction was negotiated
.

Raw material price: naphtha CF Japan reported 662.
12 US dollars / ton, down 1.
16%; FOB Singapore was trading at $73.
95 a barrel, down 0.
19%.

South Korea's FOB propylene price was $1080 / ton, down $5, and the domestic propylene price was 8225 yuan / ton, flat
.

Spot price: Southeast Asia was flat at $1300; The Far East was quoted at $1245 / ton, down $
5.
Domestic: North China Qilu 9250 yuan / ton, flat; East China Sanyuan 9250 yuan / ton, up 80 yuan; South China Maoming reported 9650 yuan / ton, up 50 yuan
.

The PP1809 contract opened slightly higher, and the trading volume fell significantly throughout the day
.
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, the MACD green column shortened and the KDJ low golden cross upward, indicating that the rebound is expected to continue
.
In terms of operation, it is recommended that investors set more take profits in their hands and hold
them cautiously.