PTA increasingly active polyethylene significantly lighten

Phase City Observatory analysis of Zhengzhou PTA futures increasingly active, 18th took the white sugar futures passed the banner of Zce as the Masters of Hua Dan. From the trend, despite the international oil price tumbled, but by the raw materials on the price of Xylene boosted, the main 909 contract closed at 7044 yuan/ton, up 52 points, or 0.74%. K-line with the upper and lower shadow lines of the small Yin Line, volume increase, the whole day a total of 720258 hands, positions reduced 16394 hands to 142110 hands. Overall, investor concerns about future oil demand have been rekindled, with international oil prices falling nearly 4% per cent on 15th. Crude oil prices may face a pullback from the market's waning expectations of a future economic recovery.　　PTA as an oil downstream derivatives, in the crude oil prices fall situation, the market is difficult to get rid of its negative impact. Dalian Polyethylene (LLDPE) Futures 18th near the fall far up, the main 909 contract reported at 9665 Yuan/ton, to low open the small Yang line closed. Transactions, positions have been reduced, a total of 399350 transactions a day, the position to reduce 13652 hands to 102554 hands. The change in the price relationship shows that the short term may continue to fall. Spot market, petrochemical manufacturers to the preliminary supply after the settlement continued to implement the listing policy, the market point is unclear, while the upstream crude oil prices fell sharply and downstream demand depressed greatly depress the market mentality. On the supply side, there is market news that imports will be concentrated in Hong Kong in 5 June, which may impact on the domestic market.　　Especially in the low demand situation, a large number of imports expected Hong Kong, will break the deadlock between supply and demand, so LLDPE market in the future bearish factors dominate. 18th Zheng Sugar main contract low to open, tail plate has rebounded, the entire day position reduction, bears have profit away from the show, the deal has been magnified, in the fundamental lack of real good and the main fund control of the background, Zheng Sugar still continue to shock pattern. From the relationship between the contract, 1001 Contract and 909 Contract price difference of 342 yuan, far strong near weak pattern will continue.　　From the spot market and the wholesale market, price stability has fallen, the deal has increased, but still less, in the current high, the majority of the Watchers. 18th, Zheng Sugar main 1001 contracts closed compared to May 15 settlement price fell 33 yuan/ton, reported at 4196 Yuan/ton, positions of 287492 hands, the position to reduce 7278 hands. The top 20 positions of the Bulls are 107797 hands, 9771 hand positions, and 95986 hands for the top 20 positions. Wanda Futures, Great Wall Albert, Pearl River Futures, grain futures respectively increased warehouse net long 6153, 4470, 1414, 3292 hands; Zhejiang Yongan lighten net long 5254 hand, Shanghai contact increase warehouse clearance head 3184 hands.　　Overall, the early main funds in the long direction of more obvious positions. Technically, Zheng Sugar 18th low open a narrow range of shocks, and on the 10th EMA to obtain strong support, but the 5th line resistance is larger. 19th main contract temporarily see 41,701 line support and 42,101 line resistance. (Green Futures)　　Domestic futures Variety Day position change (hand) domestic futures varieties daily turnover (hand) domestic futures varieties Day positions (hand)