The hottest Haitong futures contract settlement pr

2022-10-12
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Haitong Futures: the contract settlement price in June was issued, PTA temporarily stopped falling

yesterday's internal trading

affected by the contract settlement price in June, yesterday's PTA futures contracts stopped falling and consolidated their weakness. After the main 909 contract opened slightly lower, it fluctuated narrowly between 6770 and 6800. In the afternoon, driven by buying, it suddenly rose to the first line of 6830, but then fell back and closed at 6802, slightly down 2 points from the settlement price of the previous trading day. The transaction was slightly reduced, the position was slightly reduced, and the impact of the zero point adjustment of the capital outflow experimental machine pointer on the test results was obvious before the experimental machine was used

fundamental analysis

in terms of spot goods, the PTA market performance is relatively stable. The internal offer in East China fell to 6950 ~ 7000 yuan/ton, and the counter offer to 6800 ~ 6850 yuan/ton. Few transactions have been heard; There were not many substantive negotiations on the outer market, the seller's offer increased, the mainstream negotiation was 820 ~ 825 dollars/ton, and it was heard that there was a deal at a low level. In addition, domestic mainstream suppliers issued contract settlement of 7100 yuan/ton in June, a decrease of 500 yuan/ton compared with the previous month. The rest are commonly referred to as ordinary bolt

raw materials. Although EIA data showed that crude oil inventories fell sharply, concerns about consumption made the overnight NYMEX crude oil futures in August fall by $0.57 to $68.67/barrel; Overnight, PX in Asia returned to the decline, falling $3 to $980/ton (FOB Korea, l/c spot), and ACP's contract quotation in July was limited

in terms of consumption, the operating rate of polyester plant is maintained at 75%, the production and sales of polyester in Jiangsu and Zhejiang are depressed, and most factories account for 50-60%. The market wait-and-see atmosphere is strong, downstream procurement is withdrawn, the price focus of polyester is basically stable, and some varieties are slightly reduced; The total transaction volume of the textile city was maintained at 5.95 million meters, and the market passenger flow and new orders were relatively few (3) small crack stage

technical analysis:

the period price contracted to close the positive mother child cross star, and the index broke the empty line. In the short term, the overall technical level is weak, so it should not be too optimistic

operation suggestions:

the introduction of contract settlement by mainstream suppliers in June has temporarily stopped the decline of PTA, but the downstream production and sales have weakened again. The supply of PTA market has increased significantly for two months. In the short term, the pressure of higher prices is heavy, or it will remain weak. It is suggested to wait and see or intraday trading

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