The hottest southwest futures PTA is difficult to

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Southwest Futures: PTA is difficult to get out of trouble, and short sellers can continue to hold

although the U.S. stock market rebounded sharply overnight, and the Dow Jones industrial average rose 889.35 points, returning to the 9000 point mark, the U.S. consumer confidence index fell to 38.0 in October, far lower than the 51.5 previously expected, offsetting the previous rebound in the stock market, so that the price of NYMEX crude oil futures continued to decline on Tuesday, closing down slightly by 0.78% to $62.73/barrel. Today, PTA continued to decline weakly and quickly at the opening, then fell to a low of 4704 Yuan due to the resistance of bulls, and then rose slightly, but the upward trend was obviously weak, and the top was always suppressed by the 5-day moving average, which was difficult to break through. In the afternoon, the whole series of products used in the automotive industry were introduced to the audience with aoshengde (4) curtain wall, and the range of 2.28% closed at 4790 yuan. Recently, the PTA market has been falling from top to bottom. PX Asian market and European market both fell overnight, and the European market has fallen below $600, which is obviously insufficient to support the cost of PTA. In addition, PTA downstream enterprises are also very sad. The gloomy atmosphere fills the whole market, and the inventory and sales pressure of the spinning chemical fiber factory is increasing. Before this situation can not be improved, the factory has no interest in stocking. In addition, it is reported that the restructuring plan of Hualian Sanxin Petrochemical has finally been determined and production will be resumed as soon as possible, which will further aggravate the supply pressure on the spot market. On the whole, PTA still keeps the instrument clean, and the parts and accessories are completely and safely in a short position. Suggestion: short positions in the early stage can continue to be held

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