PP shock rebound, intraday volume to increase positions

News side: Yuyao PP market offer rose at 20-140 yuan / ton, merchants are confused, the market wait-and-see mood is strong, buying bargains to replenish stock.

Qilu Chemical City is mainly stable, the mainstream quotation of wire drawing is 9000-9250 yuan / ton, and the real transaction is negotiated
.
The price of PP market in Guangzhou fell partially, and the market waited and watched
.

Raw material price: naphtha CF Japan reported 664.
5 US dollars / ton, -2.
94%; FOB Singapore is trading at $73.
63/b, -2.
99%.

South Korea's FOB propylene price was 1085 US dollars / ton, flat, and the domestic propylene price was 8550 yuan / ton, down 75 yuan
.

Spot price: Southeast Asia was flat at $1300; The Far East is quoted at $1250 / ton, +$5
.
Domestic: North China Qilu 9250 yuan / ton, flat; East China Sanyuan 9150 yuan / ton, +70 yuan; South China Maoming reported 9550 yuan / ton, unchanged
.

The PP1809 contract rebounded in volatility, increasing positions during the session, but the close was still subject to the pressure of the
short-term moving average.
Fundamentally, the peak of device maintenance and the decline of social inventory have produced some support for the futures price, but the high level of crude oil has fallen, and the loosening of spot prices has put certain pressure
on the price.

On the technical side, the MACD green column shortened and the KDJ also showed signs of a low turn, indicating short-term or rebound demand
.
In terms of operation, it is recommended that stable investors can profit from short orders in their hands
.