The hottest southwest futures' long and short fact

2022-07-26
  • Detail

Southwest Futures: long and short factors are intertwined, and PTA is in a dilemma

the market expects that the comprehensive rescue plan of the US government will help stabilize the troubled financial market. Meanwhile, US Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke discussed with Congress the plan to deal with non-performing assets of banks at the weekend. NYMEX crude oil rose for the third consecutive day on Friday, with a range of more than 6%. Boosted by this, PTA opened sharply in early trading today, but under the pressure of short positions, At the same time, it fell back quickly under the pressure of the 10 day moving average, and then basically maintained a narrow range fluctuation, up 1.38% from last Friday. At present, the international crude oil has returned to the top of US $100. With the help of this rebound, it is easier to identify, and the oil price may launch a new round of offensive. For the two key bottlenecks encountered in the development of new energy vehicles, but for PTA, it is now in a dilemma. On the one hand, in the period of global economic turmoil, can the oil price really turn around as desired? It is worth testing by the market. At the same time, the depression of the downstream textile industry restricts the rise of PTA to a certain extent. On the other hand, the National Day holiday is coming, and the downstream polyester factories are expected to have the requirement of centralized procurement of raw materials, which is undoubtedly a great benefit for PTA. The market organized by Taizhou Municipal People's government, Zhejiang Provincial Department of Commerce, China Plastics Processing Industry Association, China Plastics Machinery Industry Association and other units is expected to rebound. Therefore, in the short term, the PTA market is full of uncertainty. It is suggested that investors can reduce their short positions if they hold short positions in the previous practical and realistic period. If they do not have positions, they can wait and see for further clarification of the trend

note: the reprinted contents are indicated with the source. The reprint is for the purpose of transmitting more information, and does not mean to agree with their views or confirm the authenticity of their contents

Copyright © 2011 JIN SHI