Futures surge across the board, setting off a wave of buying
From all green to all red, it only took one weekend! What happened this weekend? It is said that the market suddenly started in Taicang, and then in just one day, it spread rapidly to the entire industry, and a huge rebound began without warning! Are you surprised or surprised? !
July 15th, last Friday
July 18, yesterday
As of yesterday’s midday close, the main domestic futures contracts were in the red on a large scale, and energy commodities rose sharply. Fuel oil rose by more than 10%, cotton and cotton yarn closed their daily limits, closing up 9%, low-sulfur fuel oil (LU) rose by more than 8%, SC crude oil and asphalt rose by more than 7%, palm rose by more than 6%, PTA, staple fiber, Styrene (EB) rose more than 5%
As futures repeatedly surged, the production and sales of some factories quickly skyrocketed, and then began to close sales and restrict sales…
The circle of friends has also started the long-lost vegetable market mode, and the shouts are coming and going!
Let’s look back at yesterday’s market results. The highest reached 1200%. Basically, the production and sales of factories also exceeded 100. This inventory transfer can be said to be very beautiful! It relieves a lot of stress! details as follows:
The domestic polyester filament sample production and sales rate was 293.8%, an increase of 209.2% from last Friday. Downstream users concentrated on replenishing their positions, and polyester filament production and sales picked up. The specific production and sales data are as follows: 300%, 110%, 1200%, 110%, 100%, 400%, 200%, 100%, 400%, 500%, 100%, 300%, 300%, 120%, 100%, 90%, 500%, 80%, 100%, 150%, 200%, 200%, 500%, 80%, 100%, 100%, 400%, 100%, 50%, 500%. (Data source: Longzhong Information)
In the future, PTA will see a bottoming market. As market confidence is restored, PTA may once again become a blockbuster in the “Golden Nine and Silver Ten” market.
Rebound starts, reasonable stocking, inventory transfer
While you are still hesitating whether to buy the goods, others have already bought them all in a rush, and they started as early as Saturday. Nowadays, people who start buying goods can generally be divided into three categories:
The first type: cautious and safe! I have an old order in my hand, and I have been waiting until the raw materials fall to a suitable price to make a move and lock in the profit from the order!
The second type: high-risk bargain hunting type! I have been waiting for the right opportunity to enter the market, stock up and buy big orders, even if I don’t have enough funds, I can borrow money from the bank! Courage is really commendable!
The third type: the brainless follower type! I didn’t have an order in hand, and I didn’t have any concept of bargain hunting. I just saw others buying, so I bought some more or less.
This wave is strong enough, and the long-standing polyester inventory pressure in factories has been greatly released. Now this wave has been transferred to texturing factories. It remains to be seen whether the orders in the terminal market can keep up. Only when the terminal market keeps up and the sewer channels are really opened can the market continue to develop upwards, otherwise…
In the short term, the cost-side support is very strong and prices are difficult to fall, so bosses who have already entered the market can rest assured for the time being! The polyester filament market has really been suppressed for too long. As production and sales pick up, companies are expected to follow the rise. If raw materials continue to open higher, the focus of polyester filament transactions may continue to move upward, at least for a period of time. It depends on the terminal in the long term. Orders can’t be afforded!
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