PP volatility fell and trading volume rose

News: Yesterday's plunge in crude oil, once again suppressing the mentality of the industry, PP merchants have lowered their quotations, let the profit shipment-based, but the market sentiment is cold, the downstream goods have not improved significantly, still just need to purchase without inventory
.
Petrochemical South China wire drawing was reduced by 100-150 yuan / ton, Central China PP Jingmen wire drawing was reduced by 200 yuan / ton, and Zhongyuan Copolymerization was reduced by 200 yuan / ton
.

Raw material price: naphtha CF Japan reported 468.
62 US dollars / ton, -0.
77%; FOB Singapore is trading at $49.
71/b, -0.
76%.

ethylene CFR Northeast Asia $940/mt, +1.
08%; CFR Southeast Asia is trading at $830/mt, +0%.

South Korea's FOB propylene price is 885 US dollars / ton, +0%, and the domestic propylene price is 7775 yuan / ton, -1.
89%.

Spot price: Southeast Asia quoted $1080, +0%; The Far East was quoted at $1,050 / mt, +0%.

Domestic: North China Qilu 9100 +0%; East China Sanyuan 9300 yuan, -0.
53%; South China Maoming 10100 yuan, -3.
35%.

PP1905 volatility is lower, trading volume has increased, and positions have also increased
significantly.
Fundamentally, the trend of crude oil is weak, and PP inventories have rebounded, which has suppressed futures prices to a certain extent
.

Technically, the MACD edged higher, but the red bar shortened and the KDJ mid-dead cross signaled, indicating that the strength of the rally is weakening
.
In terms of operation, it is recommended that investors settle their hands on high orders and settle their bags
.