PP volatility went higher, intraday volume to reduce positions

News: Yuyao PP market price adjustment of 10-50 yuan / ton, the market wait-and-see atmosphere is not reduced, the demand wait-and-see atmosphere is strong, and the buying order needs to replenish the warehouse
.
Qilu Chemical City merchants offered part of the rise, the mainstream quotation of wire drawing is 8950-9400 yuan / ton, the real transaction negotiation
.

Raw material price: naphtha CF Japan reported 677.
38 US dollars / ton, up 1.
29%; FOB Singapore was trading at $74.
13 a barrel, up 1.
31%.

South Korea's FOB propylene price was 1040 US dollars / ton, flat, and the domestic propylene price was 8275 yuan / ton, 100 yuan
.

Spot price: Southeast Asia was flat at $1265; The Far East was flat at $1230/mt
.
Domestic: North China Qilu 9100 yuan, flat; East China Sanyuan 9230 yuan / ton, up 30 yuan; South China Maoming 9500 yuan, flat
.

The PP1809 contract fluctuated higher, the intraday volume reduced positions, and the technical pattern improved
.
The fundamentals coexist with long and short, the central bank lowered the RRR, the peak of device maintenance, and the fall of social inventories to produce certain support, but the escalation of the Sino-US trade war and the loosening of spot prices put certain pressure
on prices.

Technically, the MACD red bar rose, and the KDJ indicator hovered at the median line, making the short-term trend unpredictable
.
In terms of operation, it is recommended that investors hold short orders with 9300 yuan as the stop loss level of caution
.