PP rally blocked Holdings increased significantly

News side: Today's PP factory price is stable, and the market quotation is more stable
.
The downstream wait-and-see mood is still strong, and the overall trading atmosphere of the market is average
.
Qilu Chemical City merchants offered some of the rise, drawing quotations at 9750-9950 yuan / ton
.
Yuyao PP market price rose by 20 yuan / ton -50 yuan / ton, traders shipped generally, downstream factories were mostly wait-and-see, buying orders to replenish inventory on demand
.

Raw material price: naphtha CF Japan reported 679.
62 US dollars / ton, up 1.
95%; FOB Singapore traded at $74.
11 a barrel, up 2.
00%.

ethylene CFR Northeast Asia 1365 US dollars / ton, down 30 US dollars; CFR Southeast Asia was trading at $1240/mt, down $
30.
South Korea's FOB propylene price was 1090 US dollars / ton, flat, and the domestic propylene price was 9375 yuan / ton, flat
.

Spot prices: Southeast Asia was trading at $1240, flat; The Far East was at $1210 a tonne, down $10
.
Domestic: North China Qilu reported 9950 yuan, flat; East China Sanyuan 9830 yuan, flat; South China Maoming 10,000 yuan, flat
.

The PP1901 contract rally was blocked, with a significant increase in holdings and a weak short-term trend
.
Fundamentally, the decline in social inventories has formed a certain support for futures prices, but the loosening of spot prices has suppressed futures prices
.

Technically, the MACD indicator oscillated and retreated, but the green bar was flat, and the KDJ indicator showed signs
of stopping the decline in the short term.
In terms of operation, it is recommended that investors take profit on the low order and drop the bag for safety
.