The main force of futures moved for a month, and the PP market fluctuated greatly

Raw material prices: Japan naphtha CF Japan reported 449.
62 yuan / ton, down 3.
37; naphtha FOB Singapore reported 48.
54 US dollars / barrel, down 0.
08
.
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 $879/ton, down 6
%.

Spot prices: foreign spot market prices closed down in shock, the Far East was reported at $1010 / ton, down 20, and China's CIF price was $1010 / ton, down 20
.
Domestic market prices fluctuated and closed down; East China Ningbo 8000 yuan / ton, flat; South China Maoming reported 8500 yuan / ton, down 50
.

News side: 1.
Sinopec South China price report
.
Lasip drop 100, Maoming T03 fixed 8550, S1003 fixed 8450, Guangzhou F401 fixed 8600, Fulian T30S fixed 8250, 1080K fixed 8250, Hainan T30S fixed 8200, Zhanjiang T30S fixed 8400
.

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, the PP1705 contract closed slightly higher, testing the pressure around 8100 above, testing the 7800 integer mark support below, maintaining short-term volatility in the 7800-8100 range, recommended range trading
.