Corn massive increase significantly Masukura PTA

 18 domestic commodities futures market closed mixed, narrow range of finishing plate varieties. Among them, the differentiation trend of agricultural products, grain, strong performance, oil continued to remain weak; energy and chemical species mixed. But the outstanding performance of corn futures and the PTA, both significant growth upside.

disk of view, driven by the surge in recent days upstream PX, PTA on Tuesday after opening slightly lower on the price spikes up, all-day run of high prices, the major 1105 contract closed at 10,996 yuan / tons, or 1.74%; volume increased substantially to 633 000 273 000 hand-hand positions of increasing nearly 4 million 265 thousand hand to hand. Judging from the position, the venue the day before the significant increase in turnover compared, a large number of multi-active Masukura, the strength gradually over the short side. Investor futures that, due to supply exciting, PX prices in Asia soared, breaking the $ 1,600 / tonne mark, thus exacerbating the PTA market bulls atmosphere; the domestic stock market performance is more firm, offer to continue to raise and lower reaches of the atmosphere inquiries have come down. A steady rise in Jiangsu and Zhejiang polyester yarn, weaving factories downstream before the holiday more than a moderate stocking; polyester chip high and volatile, low stock prices of plant strong, while the downstream transactions waiting to see shrinkage. Technically, the contract was closed 1105, on line support price by 5 Masukura up, short-term pressure is expected to impact 11,000 point mark, after the break, or further upstream.

performance of corn futures in Dalian on Tuesday, there may be shortcomings of the lot. Early 1109 contract was the main trend of a slight concussion, midday, driven by money in the long, heavy volume Masukura contract, on a strong upward price, on the highest price reported 2,376 yuan / ton, the lowest reported to 2332 yuan / ton, late in 2371 yuan / tons, up 1.15% over the previous day, Masukura sixty-four thousand thousand hands. According to market information, purchasing and storage of maize policy will soon restart. The main purpose of purchasing and storage to complement the country's maize stocks, because the corn for several weeks, the auction makes the country held steady decline in corn stocks, increasing the latter to continue to toss storage, direct marketing and other means to control the market more difficult. It is reported that the amount of the purchasing and storage of the program is tentatively scheduled for the 900 million tons. (Xinhua Wang Chao)