PP opened slightly higher and the intraday moving average was sideways

News side: petrochemical plant prices have been raised, and PP pellet prices
have been raised in many places in China.
Tianjin market merchants offered to rise with the rise, the mainstream transaction price of wire drawing was 8920-9000 yuan / ton, and the real transaction was negotiated
.
Qilu market is basically purchased according to the terminal on demand, and the mainstream transaction price of wire drawing is 8900-9100 yuan / ton, and the real transaction is negotiated
.
The price of the Guangzhou PP market rose, but the market transaction was light
.

Raw material price: naphtha CF Japan reported 629.
5 US dollars / ton, down 0.
12%; FOB Singapore was trading at $69.
87 a barrel, up 0.
55%.

South Korea's FOB propylene price was 1040 US dollars / ton, flat, and the domestic propylene price was 8200 yuan / ton, up 25 yuan
.

Spot price: Southeast Asia was quoted at $1220, flat; The Far East was flat at $1210/mt
.
Domestic: North China Qilu 9,000 yuan / ton, up 150 yuan; East China Sanyuan 9150 yuan / ton, up 50 yuan; South China Maoming reported 9300 yuan / ton, up 100 yuan
.

The PP1809 contract opened slightly higher and moved sideways around the intraday moving average throughout the day, indicating a stronger
short-term trend.

Fundamentally, crude oil trend is firm, equipment maintenance peak, and higher spot prices have produced some support
for prices.

On the technical side, the KDJ low golden cross is up, and the MACD also enters a strong area, indicating that the bulls have the advantage
.
However, considering the excessive rise in the past two days, it is recommended that investors have more orders in their hands tomorrow or a rush, and can reduce their holdings at the 9250-9300 line, and do not consider shorting
for the time being.