Jinpeng Economy: Cotton PTA Leads
8 days, domestic
commodity market
The overall performance is relatively calm, but individual varieties still rose sharply to become the focus of market attention.
PTA main contract 1105 opened at 10582 trading price.
Gain
6.01%.
After 5 consecutive trading days,
Zheng cotton
The opening continued to go up sharply.
The main contract reached a record high of 33295 in the 1105 session, closing at 32970, up 6.29%.
Operation suggestion
Chen Jinqing, an analyst at Jinpeng Institute of economics, said that since the launch of a new round of quantitative easing last Thursday, PTA has been trading on 3 consecutive days.
The new round of quantitative easing policy will bring about a flood of global commodity prices. PTA is one of the most popular varieties, and the important factor that decides PTA price rise is supply and demand gap.
The price of PTA is largely constrained by the price of raw materials PX and oil, and the price of raw materials has increased considerably recently. Meanwhile, the tight supply situation will continue.
On the domestic market, the spot price of seed cotton is still on the rise. The first analyst, futures analyst Dong Shuangwei, pointed out that the sharp decline in the market position triggered a sharp rise in prices from the development of yesterday's market. To some extent, the market has ended, suggesting that investors should pay close attention to the specific development and changes of the spot market.
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