PP dip rebounds short-term trend is still strong

News: The spot price of Shanghai PP market rose between 20-100 yuan / ton, and the low futures dragged down the market mentality, and buying was cautious
.
The price of PP market in Guangzhou has partially risen, and the market is waiting and seeing
.
The price of Yuyao PP market is up 20-300 yuan / ton, the market adjustment is fluctuating, and merchants are in a wait-and-see state
.

Raw material price: naphtha CF Japan reported 653.
62 US dollars / ton, up 3.
26%; FOB Singapore was trading at $72.
07 a barrel, up 2.
88%.

South Korea's FOB propylene price was 1055 US dollars / ton, up 5 US dollars, and the domestic propylene price was 8275 yuan / ton, flat
.

Spot price: Southeast Asia was quoted at $1220, flat; The Far East was flat at $1,220 /
tonne.
Domestic: North China Qilu 9300 yuan / ton, up 100 yuan; East China Sanyuan 9250 yuan / ton, flat; South China Maoming reported 9650 yuan / ton, down 100 yuan
.

The PP1809 contract rebounded from the low, and the final session still stood on the five-day average longitude, and the short-term trend was still strong
.
Fundamentally, crude oil trend is strong, equipment maintenance peak, spot prices higher to produce some support
.

Technically, MACD runs in a strong area, but KDJ has entered the overbought area, and short-term needs to guard against technical pullbacks
.
In terms of operation, it is recommended that investors can reduce their holdings at a high price and take them back
after the return.