PP rebounded slightly and holdings increased

News side: At present, there are up to 13 types of plastics commonly used in vehicle manufacturing
.
Projections show that the global automotive industry could use as much as 6 million tons of plastic per year by 2020, but if the use of stronger and lighter plastics is made by adding graphene and replacing it with other more mass-dense materials, the final use of plastic is likely to increase
.

Raw material price: naphtha CF Japan reported 672.
38 US dollars / ton, down 1.
01%; FOB Singapore was trading at $73.
2 a barrel, down 1.
17 percent
.
South Korea's FOB propylene price was 1085 US dollars / ton, flat, and the domestic propylene price was 9325 yuan / ton, flat
.

Spot price: Southeast Asia was flat at $1245; The Far East was flat at $1,215 / ton
.
Domestic: North China Qilu reported 9930 yuan, flat; East China Sanyuan 9900 yuan, up 70 yuan; South China Maoming 10,100 yuan, flat
.

The PP1901 contract rebounded slightly, with increased holdings and bulls slightly taking the initiative
.
Fundamentally, social inventories have fallen, and spot prices have rebounded to form a certain support
for futures prices.

Technically, the MACD indicator is flat at a low level, the green bar is shortened, and the KDJ indicator has a low divergence and a golden cross upward, and there may be a rebound
in the short term.
In terms of operation, it is recommended that prudent investors take profit on the low and fall their pockets, and aggressive investors can set a stop loss and try to grab a rebound
on the low position.