PP：现货部分上涨，成交清淡

Industry Investment Rating - Not provided Core Viewpoints - The domestic PP market was stable with a slight upward trend today, with some prices rising by 20 - 30 yuan/ton. PP futures fluctuated slightly higher, boosting the spot market. Most enterprises kept their prices stable, and the cost support for the supply remained largely unchanged. Traders' attitudes remained stable, and they mainly adjusted their prices according to their inventory and costs. Some offers were tentatively raised. However, downstream industries were operating at a low level, and their purchasing was cautious, resulting in general market trading [2]. - The PP trend strength is 0, indicating a neutral stance [2]. Summary by Relevant Catalogs Fundamental Tracking - Futures Data: The closing price of PP2509 was 7095, with a daily increase of 0.37%. The trading volume was 162,173, and the open interest decreased by 1671 [1]. - Spread Data: The basis of the 09 contract was -95 (previous day: -94), and the spread between the 09 - 01 contracts was -25 (previous day: -31) [1]. - Spot Price Data: In North China, the spot price ranged from 6920 - 7060 yuan/ton; in East China, it was 7000 - 7130 yuan/ton; and in South China, it was 6960 - 7150 yuan/ton [1]. Spot News - The domestic PP market was stable with a slight upward trend today, with some prices rising by 20 - 30 yuan/ton. PP futures had a small upward fluctuation, which had a positive impact on the spot market. Most enterprise prices were stable, and the cost support for the supply did not change much. Traders' attitudes remained stable, and they mainly adjusted their prices according to their inventory and costs. Some offers were tentatively raised. Downstream industries were operating at a low level, and their purchasing was cautious, resulting in general market trading [2]. Trend Intensity - The PP trend strength is 0, with the range of trend strength being integers in the [-2, 2] interval. The classification of strength levels includes weak, slightly weak, neutral, slightly strong, and strong, where -2 represents the most bearish and 2 represents the most bullish [2].