futures

As the market picks up, the spot market is slightly warmer. At present, the domestic market of East China is offering 9250-9300 yuan / ton, and the market price is more than 9150-9200 yuan / ton. In the afternoon, there is no shortage of enquiries in the market, but the sellers are reluctant to sell.

The gold plate.

Taiwan's main source of offer is $1160-1165 / tonne, with less downstream delivery, and the atmosphere of wait-and-see is the main reason. It is expected that the negotiations will be around $1150-1155 / ton, and Korean products will offer less supply, with more than 1150-1155 US dollars / tons of odd offer. We expect to discuss 1140 dollars / ton and above average level.

Goods in stock

Although the price is higher than the futures market, the market price is higher due to the paction between the traders, and the actual downstream manufacturers receive little.

In line with our earlier analysis, the -11 month increase in July consumed a lot of PTA stock in the hands of traders.

At present, PTA manufacturers have few stocks in hand, and the main social stocks of PTA are concentrated in the hands of downstream polyester factories.

Polyester manufacturers reserve raw materials in a month or so, polyester production is very little for raw material procurement, and spot market demand is insufficient.

PTA

After yesterday's opening, it gradually increased, and because of the recent PTA market being influenced by cotton trend, today's PTA will be lower than yesterday's close.

Judging from the trend of cotton, it still maintains a rising pattern, so PTA will be uplink under its impetus.

Operation, due to the recent market trend is not obvious, so short-term investors can choose to buy low and high in the day, but the control position is around 20%.

Midline investors are mainly wait-and-see.