pxptaMarket analysis and strategy
Under the pattern of internal strength and external weaknesspxmarket
Due to the pattern of internal strength and external weakness, the PX market has seen a lot of dollar selling, and at the same time, the market is worried about the first delivery of PX** since its listing under high inventory, resulting in a sharp pressure on the 05 contract.
Position layout recommendations
1.If you have a position on the left: long pxn, long px short ** loss, it is recommended to stop loss.
2.If you are unilaterally long, it is recommended to hold it, increase your position, and wait until mid-March to see the registration of warehouse receipts and the situation of South Korea and the United States.
ptaMarket analysis
PTA spot market valuations are relatively neutral. It is necessary to see the implementation of the maintenance plan in March in order to form an effective drive. At present, **is mainly driven by PX**, so in the process of passively following**, the profit of the PTA side is wider.
Investment strategy
You can unilaterally lay out multiple orders, and you can wait for mid-March like PX to increase your position.
Ethylene glycol market outlook
The ethylene glycol market is weak, and the weighted loss has intensified again to around 550-600 yuan.
Maintenance plan and destocking range
A number of coal-to-ethylene glycol plants announced the maintenance plan from March to April, and the depot is expected to be the largest in the first half of the year in March, and it is expected to be tightly balanced in April.
Market expectations and strategies
Weak expectations for March are expected to be revised and remain unrevised.
*The business may do futures and spot sets, and the direction may not be conducive to long EG05 contracts, but the absolute ** will lead to the absolute *** space of EG is limited.
Investment advice
The anchoring cost remains unchanged, and the margin of safety for going long again at 4500-4600 is higher.
It has been mentioned many times in the process after the holiday, it is an opportunity for people who have no positions to enter long positions, and it is also a potential opportunity for people with many positions to increase their positions.
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Important: This report strives to be objective and unbiased in its contents, citations and data. Reliable, accurate and complete to the best of our ability, but not the accuracy and completeness of the information stated in the reportThe information provided in this report is for reference only and is not used as the basis for investment decisions。Investment is risky, and you need to be cautious when entering the market.