PP volatility went higher and intraday volume increased positions

News: Yuyao PP market rose slightly by 50-100 yuan / ton, CNPC East China rose up, futures went high intraday, traders appropriately increased prices, buying orders replenished on demand
.
The price of Guangzhou PP market has partially risen, the transaction is profitable, and the market is waiting and seeing
.
PP granules rose in Qilu Chemical City, some merchants offered to rise, and the mainstream quotation of wire drawing was 9000-9250 yuan / ton, and the real transaction was negotiated

Raw material price: naphtha CF Japan reported 669.
88 US dollars / ton, up 1.
15%; FOB Singapore was trading at $74.
09 a barrel, up 0.
97%.

South Korea's FOB propylene price was 1085 US dollars / ton, flat, and the domestic propylene price was 8225 yuan / ton, down 50 yuan
.

Spot price: Southeast Asia was flat at $1300; The Far East was flat at $1,250 / ton
.
Domestic: North China Qilu 9250 yuan / ton, flat; East China Sanyuan 9170 yuan / ton, down 30 yuan; South China Maoming reported 9600 yuan / ton, unchanged
.

The PP1809 contract fluctuated higher, increasing positions during the session, and the short-term trend turned stronger
.
On the fundamentals, long and short half-storage, the peak of device maintenance, and the decline in social inventory have produced certain support for the futures price, but the loosening of spot prices has put certain pressure
on the price.

On the technical side, the MACD green column shortened and the KDJ low golden cross upward, indicating that the rebound is expected to continue
.
In terms of operation, it is recommended that investors set more take profits in their hands and hold
them cautiously.