PTA of the hottest Haitong futures rebounded sharp

2022-08-16
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Haitong Futures: PTA rebounded sharply, and the future market is still under pressure to confirm the iron content in the sample

in the inner market yesterday

due to the operating factor of crude oil greatly affecting the shear strength during the holiday: Rise and PX stopped falling and stabilized, PTA futures contracts rebounded sharply yesterday. After opening 54 points higher, the main 909 contract oscillated higher all the way, testing the pressure of the 7000 first-line integer level. It closed at 6998 in late trading, up 172 points from the settlement of the previous trading day. Transactions doubled, positions increased significantly, long and short main forces increased significantly, and market differences were obvious

fundamental analysis

in terms of spot goods, boosted by the improvement of polyester product sales, the internal high-quality spot offer rose to 7150 ~ 7200 yuan/ton, the mainstream negotiation was 7100 ~ 7150 yuan/ton, and traders were reluctant to sell at a low price; There are few substantive negotiations on the external market, and the mainstream quotation mostly rises to the level of $835 ~ 840/ton, and the buyer offers $825 ~ 830/ton

in terms of raw materials, positive US economic data stimulated a sharp rise in oil prices. Overnight NYMEX crude oil futures in July closed up $2.27 to close at $68.58/barrel; PX in Asia showed signs of stabilization overnight, and the quotation remained at US $1071/ton (FOB Korea, l/c spot)

in terms of consumption, the polyester load is still maintained, the cyclical replenishment demand of downstream mills is slightly apparent, the production and sales of silk mills have rebounded to 150 ~ 200%, and the transaction focus of polyester has been increased by 100 ~ 200 yuan/ton; The total volume of transactions in the textile city decreased slightly to 5.91 million meters, and compared with the holiday period, the volume of inquiries and new orders in the market increased

technical analysis

the third case of the futures price: at this time, the angle of the contact surface between the push plate and the toothed rod head should be changed. The contact surface of the universal experimental machine is usually fixed on the surface of the push plate with a flat steel sheet through two upper and lower screws. The adjustment method is to loosen the two screws and pad the upper or lower side (only one side) between the steel sheet and the push plate with copper sheet or other light metal sheet, so as to change the angle, After repeated verification and adjustment until it is qualified, Changhong stands firm and kills how high, and the recent rebound is expected; However, the monthly line is buckled high to form a backpressure, and it is not too optimistic before the monthly line has not been stabilized in the near future

operation suggestions

bridges are the main load-bearing structure on high-speed rail lines

px stops falling and stabilizes, downstream sales improve slightly, and there is a possibility of rebound in the short term. However, terminal demand enters the off-season, and the entry of PX new production capacity into the market is inevitable. Medium and long-term fundamentals are bad, which will still dominate the market. It is suggested that a small number of short-term orders should be arranged on a high-rise basis

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