PP：现货上涨，成交清淡

Report Summary 1. Report Industry Investment Rating - No investment rating information is provided in the report. 2. Core View - The domestic PP spot market had a partial small increase of 10 - 20 yuan/ton in the morning. Affected by the macro - atmosphere, the futures market rose with fluctuations, which boosted the spot market. Some producers raised factory prices, strengthening cost support. Traders slightly increased quotes, but downstream factories were reluctant to accept high - priced goods, resulting in flat overall transactions [2]. 3. Summary According to Related Catalogs PP Fundamental Data - Futures Information: The closing price of PP2509 yesterday was 7112, with a daily increase of 0.79%. The trading volume was 219,392, and the position changed by 123 [1]. - Spread Information: The basis of the 09 contract was - 92 yesterday (compared to - 58 the day before), and the spread between the 09 - 01 contracts was 23 yesterday (compared to 44 the day before) [1]. - Important Spot Prices: In the North China region, the price range was 7050 - 7150 yuan/ton yesterday (7000 - 7100 yuan/ton the day before); in the East China region, it was 7020 - 7180 yuan/ton yesterday (7020 - 7150 yuan/ton the day before); in the South China region, it was 7050 - 7220 yuan/ton yesterday (7040 - 7200 yuan/ton the day before) [1]. Spot News - The domestic PP local market had a partial small increase of 10 - 20 yuan/ton in the morning. The futures market's upward fluctuation due to the macro - atmosphere boosted the spot market. Producers' price hikes strengthened cost support, while traders' price increases faced resistance from downstream factories' low acceptance of high prices, leading to flat transactions [2]. Trend Intensity - The PP trend intensity is 0, indicating a neutral trend. The trend intensity ranges from - 2 (most bearish) to 2 (most bullish) [2].