Xiangyu Futures: Cotton Significantly Increased &Nbsp, Or Led PTA To Rebound.

　　 Upstream commodities:

Flooding by Mississippi floods to boost gasoline futures Price In June, the NYMEX crude oil contract rose by 1.33 US dollars / barrel to US $103.88 per barrel. Gain 1.3%. ICE Brent crude oil June contract rose 1.73 US dollars / barrel, to 117.63 U.S. dollars / barrel. Asia ethylene CFR Southeast Asia fell 7 U.S. dollars / ton, to 1379 U.S. dollars / ton; CFR Northeast Asia 1351 US dollars / ton. PX CFR Taiwan $1529 / ton, up 11 US dollars / ton.

　　 Disk information:

Yesterday PTA main force 1109 opened 9656 yuan / ton, closing 9622 yuan / ton, compared with the day before yesterday's settlement price fell 2 yuan / ton. Decline 0.02%, turnover of 1 million 47 thousand hands (increased 593 thousand hands), holding 211 thousand and 100 hands (increase 17 thousand and 400 hands).

　　 Spot market:

The PTA spot market continues to maintain a weak operation. At present, the main market in East China's domestic market is 9850-9900 yuan / ton, and the downstream manufacturers are paying more than 9800 yuan / ton, but the selling price is still on sale at present. The intention of shipment is still lingering in the 9850 yuan / ton line. The market outlook depends on the future market. In the downturn, there is a real success of 9800 yuan / ton, and the current negotiation is maintained at 9800-9850 yuan / ton. In terms of us gold plate, Taiwan's supply market was sporadic offer of 1265-1270 US dollars / ton, but the delivery rate was more than US $1250 / ton, and it is expected that the negotiations will remain at US $1250-1260 / ton in the morning, and Korea's supply will remain within 1250 US dollars / ton.

　　 Reminder:

The rise of crude oil and cotton overnight has boosted the trend of PTA today. There was a huge increase in cotton prices yesterday. The price of PTA will rebound with the rebound of cotton. From a technical point of view, PTA is not as good as cotton in terms of technology and form, so the overall rebound may be relatively small. Price, the PTA rebound target is 9850-10000. Operation, the rebound is mainly intra day operation.