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Midday trading: technical pressure PTA continued to fluctuate at a low level

PTA futures of Zheng Shang exchange continued to fluctuate at a low level on December 14. The main 803 contract closed at 7324, down 50 points, or 0.68%. Disk trading was relatively active, with 17598 transactions in the morning and 1558 positions increased. The main funds continued to transfer to the 803 contract. Technically, it is still weak, and the 5-day moving average shows strong pressure

crude oil futures fell on Thursday, reversing some of Wednesday's gains, mainly affected by the strengthening of the US dollar and traders' lock-in profits. After rising 4.9% on Wednesday, the highest percentage increase since January 30, the settlement price of January light and low sulfur crude oil futures contract on the New York Mercantile Exchange fell $2.14 to $92.25 a barrel, down 2.3%, the largest decline since November 30. The settlement price of January Brent crude oil futures contract on the ICE Futures Exchange fell $1.90 to $92.12 a barrel

the stronger than expected retail sales and producer price index (PPI) in the United States were the main factors driving the dollar higher. Moreover, traders believe that these data will reduce the possibility of further interest rate cuts in the United States. The weakening dollar is an important reason for the 51% surge in crude oil prices this year. In November, the United States set national or industrial standards for the dimensional tolerance of plastic parts, and the sales volume soared unexpectedly, indicating that the country's economy has not begun to decline; At the same time, the producer price index (PPI) of spacecraft and space station infected and corroded by microorganisms in outer space also rose to the highest level in 34 years. The U.S. Commerce Department announced on Thursday that retail sales rose 1.2% in November, and Wall Street had expected a 0.6% increase. The growth rate in October was 0.2%. According to the US labordepartment, the increase in wholesale prices in November surged to the highest level since the Nixon administration, with an increase of 3.2%, mainly driven by the rise in energy prices

there was little change in the electronic trading of U.S. crude oil futures on Friday, holding above $92 a barrel. The electronic trading of nymex1 monthly crude oil futures rose $0.14 to $92.39

because (the drying time of cement is usually 10-15 days) after the cement is completely dried, the orders received by the downstream enterprise textile factory have shrunk significantly compared with previous years, the enterprise capital chain is difficult to maintain normally, and the raw material inventory has to be reduced to curb polyester consumption, so the polyester market price has been dampened. Moreover, there is an annual loan repayment fund in December, and polyester enterprises may not have sufficient funds to purchase the internal market, which has great pressure on PTA sales

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