On June 16, the domestic futures market closed significantly differentiated, most of the energy chemicals rose, PTA rose by more than 3%, styrene and fuel oil rose by more than 2%, urea fell more than 4%; The decline of nonferrous and black systems ranked the first, with Shanghai nickel falling nearly 4%, thread down nearly 3%, hot roll, Shanghai copper and glass falling more than 2%; The oil fell, and vegetable oil fell more than 2%.
Specifically, PTA futures main force 2109 closed 4880 yuan / ton, up 148 yuan / ton, up 3.13%. Spot market followed up, with the average market price at 4843 yuan / ton, up 2.36% from the previous day, up 32.42% year on year.
International crude oil prices have constantly refreshed the high since October 2018, and in this context, PTA market has been significantly supported by cost. At the same time, with the consumption of terminal goods sources in the Dragon Boat Festival holiday, PTA circulation sources in some areas are still relatively small, which is also beneficial to the market.
Xia Ting, an analyst at business society, said that cost boost and tight spot liquidity in the short term have driven. In the later market, the end textile off-season and the expected production capacity of PTA are subject to the expectation. It is expected that PTA price will still be explored, but the increase will be narrowed.
Gamma Polyglutamic Acid |