PTA morning comment on the hottest day of the 19th

2022-08-09
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PTA morning comment on the 19th: the rise in crude oil supported PTA to stop the decline shock

PTA futures contract on Zhengzhou Commodity Exchange continued to fall across the board on August 18, with the total position reduced by 6556 to 145664. We know that the national standard for high temperature tensile test stipulates that the rib is used for the round sample, and the main 910 contract shows the trend of shrinkage and position reduction. The main 910 contract opened at the settlement price on the 17th in the morning, opening at 8086 yuan/ton. It rose slightly to 8128 yuan/ton and then fell violently. The lowest intraday price fell to 7882 yuan/ton, and finally closed at 7942 yuan/ton, down 144 points or 1.78% from the settlement price on the 17th

from the daily K-line chart, the daily K-line of the main 910 contract closed at the mid Yin line, and the futures price was suppressed by the 5-day moving average and the 10-day moving average, but there was obvious support at the 20-day moving average below, and it is expected that PTA may stop falling and concussion

from the perspective of surrounding trends, crude oil futures on the New York Mercantile Exchange (NYMEX) rose for the first time in three trading days on the 18th, driven by better than expected earnings from home depot Inc and target Corp. NYMEX September crude oil futures rose $1.55, or 2.3%, to $68.30/barrel. Crude oil futures hit their biggest increase since August 3. So far in 2009, oil prices have risen by 53%. London ice European futures exchange October cloth universal testing machine is mainly used for plastic plates, pipes, profiled materials. Lunt crude oil futures rose $1.11, or 1.6%, to $71.65/barrel tomorrow, the last day of Chinaplas. According to the median expectation of analysts, U.S. crude oil inventories will rise by 1.2 million barrels as of the week of August 14. Gasoline inventories may decrease by 1million barrels, and distillate fuel inventories, including heating oil and diesel, are expected to increase by 100000 barrels

in the stock market, the US stock market closed higher on the 18th, mainly because retailers such as home depot and target announced better than expected results, attracting investors to return to the market. The Dow Jones index closed up 82.6 points, or 0.9%, to 9217.94. The S & P 500 index rose 9.94 points, or 1.01%, to 989.67. The Nasdaq composite index rose 25.08 points, or 1.3%, to 1955.92. After a sharp decline in the past two trading days, consumer stocks rose on the 18th. Although investors are still worried about the situation of U.S. consumer spending due to the still weak labor market, the performance of some listed consumer companies this trading day eased investors' concerns. Home Depot closed up 82 cents, or 3.1%, to $26.93. The company's second fiscal quarter profit fell 7.2%, but the decline was smaller than analysts' expectations. In addition, the company also raised its earnings forecast for the current fiscal year

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