Xiangyu Futures: Rising Kinetic Energy Failure &Nbsp; PTA Buying Still Needs To Wait.

Driven by rising US stocks,

Asian PX is stationary at 956-957 US dollars / ton FOB Korea; Europe in 964-968 US dollars / ton FOB Rotterdam.

In the PTA futures market, 7900 yuan / ton was washed up to drive the spot market price up, but the buyer was still on the sidelines. Under such circumstances, the market atmosphere was slightly dull.

In the East China's domestic market, the market's mainstream offer is 7500 yuan / ton, most sellers are reluctant to sell for 7450 yuan / ton and below. The market price has risen from 7400 yuan / ton in the morning to 7450-7470 yuan / ton in the afternoon, but the seller is still hesitant about the price and the market is slightly deadlocked.

In terms of us gold plate, Taiwan's supply of goods is still strong at $910-915 per ton. In view of buying and selling, the inquiry is less, and some sellers have reduced the offer to US $905 / ton, but shipments are still difficult, and the overall market negotiation is not good. In terms of the supply of Korean products, the market offer is still 895-900 yuan / tonne, but the negotiations are mostly at the low end of 890-895 US dollars / ton.

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.

Last night, the overall performance of the external market was better.

The stock market, crude oil and London have all increased, which has a great impact on today's market.

Technically, PTA is still in the rising channel, but the pressure on the top is larger, and the short-term upward trend is failing.

Pay close attention to whether or not we can break through the early pressure level in the near future, 8000 points.

On the operation, it is suggested that the top of the interval should be on the top of the wait and see, if the volume can go up and break through the 8000 line, then the bull operation will be carried out.