PP high open to increase positions to the upside, it is recommended to go long on dips in the range

Raw material prices: Japan naphtha CF Japan reported 456.
62 yuan / ton, up 7; Naphtha FOB Singapore was trading at $49.
34 a barrel, up 0.
8
.
ethylene CFR Northeast Asia 1140 US dollars / ton, flat; CFR Southeast Asia was flat at $1,035/mt
.
The CIF price of propylene in China was $880 / ton, up 1
.

Spot prices: foreign spot market prices rose slightly, the Far East was quoted at $1015 / ton, up 5, and China's CIF price was reported at $1015 / ton, up 5
.
Prices in the domestic market rose slightly; East China Ningbo 8150 yuan / ton, up 150; South China Maoming reported 8500 yuan / ton, flat
.

News side: 1.
CNPC Southwest PP granule pricing sales
.
Lanhua T30S 8300, Chuanhua L5E89 8250, Yangang S900 8650, Daqing Z30S 8650, Dushanzi 0640P 9600, K8003 8950
.

The device entered the maintenance season, the overall operating rate fell, the market supply pressure eased slightly, and in the short term, under the slowdown in supply growth, the social inventory fell slightly, but it still maintained a high position, and the enthusiasm for taking goods downstream in a weak market environment was not good
.
Short-term futures are mainly moved for months, the market fluctuates greatly, and the PP5-9 contract spread can expand the trend
.
Technically, PP1705 contract opened high to increase positions upward, above test the pressure around 8300, below test 8000 integer mark support, short-term maintenance in the 8000-8300 range of strong oscillation, it is recommended to go long
in the range.