PP opens high and goes high, refreshing recent highs

News side: Sinopec Central China PP price increase: Lasip rose 300 yuan / ton to implement 10900 yuan / ton; Injection molding rose by 300 yuan / ton; Fiber rose by 300 yuan / ton; M02 was raised by 200 yuan / ton and implemented 11250 yuan / ton
.
CNPC Southwest PP listing continued to rise: Lanhua/Ningxia T30S rose 300 yuan / ton at 10900 yuan / ton; Dushanzi EPS30R rose 200 yuan / ton at 11700 yuan / ton
.

Raw material price: naphtha CF Japan reported 715.
12 US dollars / ton, down 1.
85%; FOB Singapore was trading at $77.
93 a barrel, down 1.
88 percent
.
ethylene CFR Northeast Asia 1180 US dollars / ton, flat; CFR Southeast Asia was flat at $1,080/mt
.
South Korea's FOB propylene price was 1135 US dollars / ton, flat, and the domestic propylene price was 10040 yuan / ton, up 65 yuan
.

Spot prices: Southeast Asia was trading at $1240, flat; The Far East was up $10 at $1245 a
tonne.
Domestic: North China Qilu reported 11,000 yuan, up 250 yuan; East China Sanyuan 11,050 yuan, up 250 yuan; South China Maoming 11250 yuan, up 300 yuan
.

PP1901 opened higher and went higher, increasing positions intraday and updating recent highs
.
Fundamentally, the management's tax reduction and RRR reduction have boosted the market to a certain extent, and the sharp rise in spot prices due to petrochemical prices has formed a strong support
for futures prices.

Technically, MACD and KDJ indicators have reformed a golden cross to the upside, indicating that bulls still have the initiative
.
In terms of operation, it is recommended that investors set more take profits in their hands and hold
them cautiously.