PP rebounded and fell slightly at the end

News: Borealis is considering the establishment of an ethylene vinyl acetate (EVA) production site
in China.
Borealis announced on April 10 that it will conduct a feasibility study
on the use of advanced high-pressure technology to build an EVA production plant in China.
If completed, the plant would be Borealis' first production
in China.
This potential investment will support Borealis' long-term strategy to invest in key growth markets and stay close to its customers

Raw material prices: naphtha CF Japan reported 601.
75 US dollars / ton, up 1.
52%; FOB Singapore was trading at $66.
18 a barrel, up 1.
36%.

South Korea's FOB propylene price was 1030 US dollars / ton, flat, and domestic propylene 8175 yuan / ton, flat
.

Spot prices: Southeast Asia was quoted at $1235/ton, down $5, and China's CIF price was $1200/ton, flat
.
North China CNPC T30S reported 8750 yuan / ton, unchanged; East China Shaoxing Sanyuan T30S reported 9100 yuan / ton, up 50 yuan; South China Maoming T30S reported 9250, up 50 yuan
.

The PP1809 contract rebounded from the lower and fell slightly at the end, indicating that the short-term is still subject to the pressure of the
half-year line.
Fundamentally, social inventories are still high or suppress prices to a certain extent, but crude oil has rebounded strongly, and the speed of downstream destocking has accelerated recently, which is expected to form some support
for prices.

Technically, the MACD indicator red column shortened, the KDJ indicator turned around after entering the high area, and the short-term beware of short-term technical adjustments
.
Operationally, it is advisable
for investors to wait and see.