PP volatility went higher and trading volume increased slightly

News: Domestic PP market prices continue to rise
.
PP futures opened high and showed an upward trend, petrochemical prices rose sharply, cost support increased, "two barrels of oil" stocks fell to 620,000 tons, and low inventories formed a positive trend; In addition, the spot resources in the market are still insufficient, and the market quotations continue to rise, and the mainstream quotation of wire drawing today is 9400-9800 yuan / ton
.

Raw material price: naphtha CF Japan reported 513.
25 US dollars / ton, +0%; FOB Singapore is trading at $55.
23/b, +0.
49%.

ethylene CFR Northeast Asia 900/ton, -2.
13%; CFR Southeast Asia was quoted at $830/mt, -2.
35%.

South Korea's FOB propylene price is 855 US dollars / ton, +1.
18%, and the domestic propylene price is 8225 yuan / ton, +0.
92%.

Spot price: Southeast Asia reported $1070, -0%; The Far East was quoted at $1,015/mt, -0.
49%.

Domestic: North China Qilu 940 +1.
62%; East China Sanyuan 9500 yuan, +1.
6%; South China Maoming 9800 yuan, +1.
03%.

PP1905 fluctuated higher, with a slight increase in trading volume and a slight
decrease in open positions.
Fundamentally, the easing of the Sino-US trade war has boosted market sentiment to a certain extent, propylene prices have stopped falling and rebounded, and spot trading volumes have rebounded significantly, which has also supported prices
.

Technically, MACD low golden cross, red bar lengthening, KDJ volatility higher, indicating that the rebound is expected to continue
.
In terms of operation, it is recommended that investors hold long orders with caution
.