PP oscillation pullback It is recommended to stop the loss of short orders

News: April 18: The main trend of the propylene market in East China is narrowly sorted, the mainstream transaction in Zhejiang is 8050-8150 yuan / ton, the mainstream in Jiangsu is 8100-8200 yuan / ton, the trade volume in the region is limited, and the factory is mainly directly supplied
.
The inventory in the main port is not high, and the imported propylene can be around
8200 yuan / ton.
The three-circle PDH device returned to normal
.

Raw material prices: Japan naphtha CF Japan reported 599 US dollars / ton, down 0.
35%; Naphtha FOB Singapore was trading at $66.
14 a barrel, down 0.
62%.

South Korea's FOB propylene price was $1050 / ton, up $10, and the domestic propylene price was 8100 yuan / ton, flat
.

Spot prices: foreign spot market prices rose, Southeast Asia reported $1235, flat; The Far East was closed at $1,200 a tonne, down $
10.
Domestic: North China Qilu 8750 yuan / ton, flat; East China Sanyuan 8950 yuan / ton, flat; South China Maoming reported 9200 yuan / ton, down 50 yuan
.

The PP1809 contract opened high and went low, and the final false negative closed, and the position was basically stable, showing that the strength of long and short is not much
different.
Fundamentally, the central bank lowered the RRR, and the stability of spot prices may provide some support to prices, but the slow digestion of inventories is still a major factor
restricting the rebound of futures prices.

On the technical side, KDJ oscillations fell back, MACD red bars shortened, indicating that there is still a certain adjustment pressure in the short term, operationally, it is recommended to set a stop loss for short orders in the investment hand and hold
them cautiously.