Xiangyu Futures: Spot Is Stronger &Nbsp; PTA Continues Concussion.

Crude oil futures rose sharply last Friday on the New York Mercantile Exchange.

Asian PX rose 3 US dollars to 960-961 U.S. dollars / ton FOB Korea; Europe was stable at 964-968 US dollars / ton FOB

Spot market

The PTA spot market has been briefly explored, while the East China domestic market offer, though persisted at 7400-7450 yuan / ton, has a small number of real Dan Dacheng at 7400 yuan / ton, but most buyers still have a wait-and-see trend in the price of 7400 yuan / ton. The market turnover is relatively light, and the paction price is relatively low. The market price has fallen more obviously in the US gold plate, and the mainstream offer of Taiwan products is about 910 US dollars / ton, but the market negotiates that the goods are mostly in the 900-905 US dollars / ton, the bond is mostly 905-910 US dollars / ton, the paction is scarce, the buyer is still hesitant about the price, and the Korean goods source quotation has dropped to 890 US dollars / ton, but the market is scarce and the atmosphere is rather light.

Last Wednesday, under the influence of speculation, PTA followed the commodity market to a certain extent.

However, after Wednesday's fall, the risk of market cumulative downfall was released.

From the market as a whole, the upward trend of most commodities is still established.

Fundamentally speaking, PTA has a good production and marketing demand, and PTA still has room for improvement. However, PTA producers have started higher and the supply of contract goods is relatively adequate. It is estimated that PTA downstream producers' demand for PTA spot market is limited.

PTA traders are reluctant to sell at a low price in the period of downstream demand. Therefore, unless the domestic systemic slump occurs, the price of PTA will be hard to fall.

At the end of the week, domestic macroeconomic data released in August showed that the domestic economy continued to grow and inflation continued.

We believe that the market will continue to rise above Monday.

PTA futures can still go up on the spot.

But whether we can break through the 8000 front-line needs to see whether the spot market can break the current stalemate in the high and lower reaches.

This week, PTA may still be in the zone, and there is still pressure on the 8000 front line.

On the operation, you can do more on Monday.