PP rebounded and holdings also rose slightly

News side: PP market: today PP CNPC North China Dushanzi K8003 raised 100 yuan / ton to 11700 yuan / ton, EPS30R raised 100 yuan / ton to 11400 yuan / ton, Zhongrong Coju raised 100 yuan / ton; CNPC Northeast Drawing was raised by 50 yuan/ton, Daqing Refining and Chemical T30S was set at 10,100 yuan/ton, and Gongju Daqing Refining EPS30R was raised by 100 yuan/ton to 11,000 yuan/ton; Today's futures are volatile lower, the market has a strong wait-and-see mentality, and the transaction is average
.

Raw material price: naphtha CF Japan reported 635.
5 US dollars / ton, down 3.
75%; FOB Singapore was trading at $69.
27 a barrel, down 4.
3 percent
.
South Korea's FOB propylene price was $1075 / ton, up $5, and the domestic propylene price was 9475 yuan / ton, flat
.

Spot price: Southeast Asia was quoted at $1230, flat; The Far East was flat at $1230/mt
.
Domestic: North China Qilu no quotation; East China Sanyuan 10,050 yuan, down 50 yuan; South China Maoming 10300, down 100 yuan
.

The PP1901 contract rebounded from the low, and the position also increased
slightly.
Fundamentally, social inventories have fallen significantly, supporting prices, but loosening spot prices may limit PP gains
.
And after continuous rise, there is a certain profit selling pressure
in the short term.

Technically, MACD shows signs of flattening at a high level, while the KDJ indicator continues to diverge, and it needs to guard against technical adjustments
in the short term.
In terms of operation, it is recommended that investors temporarily wait and see or day trading in the short term
.