PP opened slightly higher It is recommended to wait and see for the time being

News: The capacity utilization rate of petrochemical enterprises in China is 90.
0%, unchanged
from last week.
The operation of petrochemical plants in various regions is stable, and the capacity utilization rate has not changed much
.
Next week, the Zhenhai refinery plant and the new Zhongyuan Petrochemical plant will start up one after another, and the capacity utilization rate is expected to increase
.
In addition, the overall capacity utilization rate of the downstream industry of polypropylene is 60%, down 1 percentage point from last week; Among them, the capacity utilization rate of the plastic knitting industry is 62%, the copolymer injection molding is 60%, and the BOPP is 59%.

Raw material price: naphtha CF Japan reported 642.
12 US dollars / ton, down 0.
91%; FOB Singapore was trading at $70.
64 a barrel, down 1.
04%.

South Korea's FOB propylene price was 1075 US dollars / ton, flat, and the domestic propylene price was 8250 yuan / ton, up 25 yuan
.

Spot price: Southeast Asia was flat at $1300; The Far East was flat at $1,250 / ton
.
Domestic: North China Qilu 9250 yuan / ton, up 50 yuan; East China Sanyuan 9250 yuan / ton, flat; South China Maoming reported 9580 yuan / ton, down 70 yuan
.

Summary of views: The PP1809 contract opened slightly higher, and the whole day was sorted out sideways around the intraday moving average, and the short-term trend was still repeated
.
Fundamentals coexist with long and short, device maintenance peak, social inventory decline to produce certain support for the futures price, but the loosening of spot prices has a certain pressure on the price, technically, MACD, KDJ are hovering above the central axis, short-term trend repeated
.
Operationally, it is recommended that investors wait and see for the time being
.