PP low recovery short-term direction is unknown

News: Most of the offers in Qilu Chemical City are stable, some prices have been lowered by about 100 yuan, and the mainstream quotation of wire drawing is 8950-9400 yuan / ton, and the real transaction is negotiated
.
Yuyao PP market price adjustment 10-100 yuan / ton, the market wait-and-see atmosphere is not reduced, the demand wait-and-see atmosphere is strong, and the buying order is replenished on demand
.

Raw material price: naphtha CF Japan reported 651.
38 US dollars / ton, up 1.
34%; FOB Singapore was trading at $71.
85 a barrel, up 1.
89%.

South Korea's FOB propylene price was 1050 US dollars / ton, up 15 yuan, and the domestic propylene price was 8575 yuan / ton, up 125 yuan
.

Spot price: Southeast Asia was flat at $1250; The Far East was at $1220 a tonne, down $
5.
Domestic: North China Qilu 9100 yuan, flat; East China Sanyuan 9330 yuan / ton, flat; South China Maoming no quote.

PP1809 contracts rebounded from the low, and the trading volume and position increased slightly
.
Fundamentals coexist long and short, during the maintenance period of the device, the sharp rise in raw materials to support the price, but the escalation of the Sino-US trade war has produced certain pressure, technically, MACD red column flat, KDJ indicators are also hovering at a high level, short-term direction is unclear, it is recommended that investors wait and see for the time being
.