The maintenance of the device gradually increased the amount of PP and increased the warehouse

Raw material prices: Japan naphtha CF Japan reported 477.
25 yuan / ton, up 0.
75; naphtha FOB Singapore reported 52.
95 US dollars / barrel, up 0.
16
.
ethylene CFR Northeast Asia 1315 US dollars / ton, flat; CFR Southeast Asia was flat at $1125/mt
.
The CIF price of propylene in China was $948 / ton, down 13
.

Spot prices: foreign spot market prices are basically flat, the Far East is flat at $1050 / ton, and China's CIF price is flat at $1050 / ton.

Prices in the domestic market fell slightly; East China Ningbo 8400 yuan / ton, down 200; South China Maoming reported 8700 yuan / ton, down 50
.

News side: 1.
In this week, the domestic major petrochemical inventory increased by about 0.
06% compared with the previous cycle, and the middleman inventory increased by 0.
27%
compared with the previous cycle.

The short-term maintenance of petrochemical equipment has gradually increased, and the inventory has not increased much, but the inventory of traders has been affected by the poor enthusiasm of downstream receiving goods, the inventory has increased, the petrochemical factory price has been reduced, and the futures price has weakened
significantly.
In the later stage, enterprise maintenance continued to increase, but social inventory was at a high level, paying attention to the willingness to receive goods downstream after the price decline, and it is expected that short-term prices will continue to maintain weak adjustment
.
Technically, PP1705 contract volume increase position, gap low open low, futures price fell below the previous 8500-8600 finishing range, below test 8200 first support level, second support level 7800, above test the pressure near the five-day line, short-term recommendation to maintain the rebound short selling idea, operation relying on the five-day line short
.