Xiangyu Futures: PTA Impact Trading &Nbsp; Good Fundamentals Support Uplink.

Asian PX remained stable at $1245-1250 / ton FOB Korea, and European PX stabilized at $1175 / ton FOB Rotterdam.

The PTA market is strong, and the market is going crazy day by day.

The futures market in early trading was higher and higher, and the trading limit was over at the end of the afternoon. In the afternoon, the futures market continued to stop at the daily limit.

At present, the mainstream offer in East China's domestic market has risen to 9000 yuan / ton in the morning to 9100 yuan / ton in the afternoon, and the market paction price has been refreshed repeatedly. The actual paction price has been traded at 8900 yuan / ton, 8950 yuan / ton, 9000 yuan / ton, 9050 yuan / ton respectively from morning till afternoon, and heard that the market is 9100 yuan / ton.

Downstream delivery significantly increased, the intention to catch up is obvious, the overall market trading atmosphere is more active.

In terms of us gold market, the market price is also rising. The market quotation has risen from 1100 yuan per ton in the morning to 1120-1130 US dollars / ton in the afternoon. There is no shortage of enquiries in the market, but the atmosphere of the paction has dropped significantly compared with the morning. Most of the purchases are cautiously high, and there are few negotiations. The Korean supply is also up to 1100 yuan / ton today, but the selling price is mostly low, but the sale is scarce.

Due to the current maintenance of several sets of PTA devices in China, the supply of market contracts is affected, and some downstream manufacturers get goods from the spot market, coupled with the high season and high cotton prices in the downstream market, and so on, causing the PTA market to skyrocket.

In the medium term, the demand for PTA will not change, and the market demand for PTA will be huge. Therefore, the latter will still be bullish, but the surge in the short term will probably result in consolidation.

Yesterday morning PTA was the first to seal up the rise, which led to the collective prices of chemical products and increased their positions. On the basis of the basic level, there was still a lot of space to rise.

In terms of fundamentals, the demand for PTA is strong, and spot enterprises are optimistic about the future market and the strength of anti fall is relatively large.

The downstream operation rate is very high, and there is a rigid demand for PTA. In the short term, some PTA devices will stop and repair, which will help boost the spot market.

Yesterday's PTA trading in addition to the promotion of funds, PTA good fundamentals are also a major factor.

In the past two days, the PTA market was stronger than futures. After yesterday's trading, there was no divergence between the two markets.

Therefore, there is still room for PTA to rise later.

The US dollar has fallen sharply overnight, pushing the external commodity group to go up. Today, the domestic market will continue to be strong. Especially the metal and soft goods. Because yesterday's PTA settlement price is low, today PTA will go higher and higher, but PTA trading is not common. Therefore, it is not possible to exclude today's high concussion.