The overall operating rate fell and PP increased its position to the downside

Raw material prices: Japan naphtha CF Japan reported 463.
88 yuan / ton, up 3.
5; naphtha FOB Singapore reported 50.
21 US dollars / barrel, up 0.
38
.
ethylene CFR Northeast Asia 1150 US dollars / ton, flat; CFR Southeast Asia was flat at $1,045/mt
.
The CIF price of propylene in China was $885 / ton, down 10
.

Spot prices: foreign spot market prices are basically flat, the Far East is flat at $1030 / ton, and China's CIF price is flat at $1030 / ton.

Domestic market prices were basically flat; East China Ningbo 8150 yuan / ton, down 150; South China Maoming reported 8550 yuan / ton, flat
.

News side: 1.
According to Longzhong interviewed about 20 small plastic knitting enterprises downstream, more than half of them have an operating rate of only about 70%, and the order status is very low
.
Individual production enterprises have stopped production
.

The device entered the maintenance season, the overall operating rate fell, the market supply pressure eased slightly, in the short term under the slowdown in the supply growth rate, social inventory fell slightly, petrochemical factory prices stabilized, but the inventory pressure is still large, the downstream enthusiasm for goods is not good, limiting its upside, coupled with the decline in crude oil methanol, dragging down polyolefin prices, futures prices have fallen
.
Technically, PP1705 contract increased positions to the downside, above to test the pressure around 8200, below to test the 8000 integer mark support, short-term or maintain in a wide range, focus on 8000 first-line support, if below 8000, then further look at 7700
.