PP opens low and goes high, and the intraday volume increases positions

News: Yuyao PP market price adjustment 50-100 yuan / ton, futures intraday high, market wait-and-see atmosphere is strong, buying on demand replenishment
.
The price of PP market in Guangzhou fell partially, and the market waited and watched
.
The price of PP granules in Tianjin market was adjusted, the market wait-and-see atmosphere was strong, and the mainstream trading price of wire drawing was 8970-9100 yuan / ton, and the real transaction was negotiated
.

Raw material price: naphtha CF Japan reported 631.
38 US dollars / ton, up 1.
28%; FOB Singapore was trading at $69.
17 a barrel, up 1.
3 percent
.
South Korea's FOB propylene price was $1050 / ton, down $10, and the domestic propylene price was 8125 yuan / ton, flat
.

Spot price: Southeast Asia was flat at $1295; The Far East was flat at $1,250 / ton
.
Domestic: North China Qilu 9050 yuan / ton, flat; East China Sanyuan 9080 yuan / ton, up 10 yuan; South China Maoming 9600 yuan, flat
.

The PP1809 contract opened low and went high, increasing positions during the session, and the technical pattern has become stronger
.
The fundamentals coexist with long and short, the central bank lowered the RRR, the peak of device maintenance, and the fall of social inventories to produce certain support, but the escalation of the Sino-US trade war and the loosening of spot prices put certain pressure
on prices.

On the technical side, the MACD green column shortened, and the KDJ indicator showed signs of a low golden cross, indicating that the market is looking out of a technical rebound
.
In terms of operation, short orders in the hands of prudent investors can be closed on the dip, and short orders in the hands of aggressive investors can set up take profits, hold them cautiously, and it is not advisable to take the bottom in the
short term.