Cocoon Silk: Cocoon And Flat Silk Are Active.

(Monday) the market is mixed. Cocoon filament The composite index edged up 0.09% to close at 33.01.258. B silk / dry cocoon: 140825 up 1200 to 331 thousand and 200 / flat 102 thousand and 300, 140925 up 1200 to 333 thousand and 900 / down 200 to 102 thousand and 800, 150325 increase, 900 reported bad / fall reported. 100 hands were sold today.

Currently for downstream Textile enterprises Generally speaking, low inventory is generally maintained, but the willingness to replenishment is still not high. More orders are rigid demand. At the same time, supply and demand in the international market and price trend also play a key role. The market is waiting for the evolution of supply and demand after the beginning of the autumn cocoon purchase.

On the macro level, exports in July data It rose sharply from 7.2% last month to 14.5%, significantly exceeding market expectations, boosting market confidence and further strengthening economic growth expectations.

Moreover, the July inflation figures released on the weekend showed that CPI was stable, and the decline in PPI continued to narrow. The data were conducive to the continued directional control and precise efforts of the policy. For example, last week, the central bank increased the rediscount quota for agriculture, rural areas and small and micro enterprises. Looking at the whole, macroeconomic data once again verified that the economy was stabilized, and the policy was launched again, and market confidence was further enhanced.

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"Everyone celebrates after closing," said a PTA futures bull who had only half an hour after opening on Monday and sent such a message to him that he was optimistic about the strong PTA on that day. At that time, TA1409 contracts and TA1501 contracts were both higher and higher, but the TA1409 contract appeared to be significantly reduced.

"At the opening of Monday, the 1409 contract held more than 240 thousand positions, and the warehouse receipt plus effective forecast volume was only 2000. The ratio of false to real disk was more than 60:1. Yesterday was the first time for the 1409 contract to raise the margin before the delivery month, and a portion of the empty stock was forced to leave." Galaxy futures analyst Chen Xiaoyan pointed out.

According to the current proportion of virtual and real market, the market is undoubtedly more conducive to long. In August 20th, Zheng merchants will raise the futures margin of 1409 contracts for the second time, and raise the guarantee margin by 5 percentage points. At the same time, some short sellers will be forced to leave, and the bulls will take advantage of the two time to reduce their positions.

Chen Xiaoyan said that in accordance with the provisions of the stock exchange limit, in the middle of a month before the month of delivery, the largest single customer position is not more than 8000 hands, not more than 3000 hands in the latter half of the month, and the delivery month does not exceed 1000 hands. However, the hedging customers can submit the application for hedging in the month of delivery two months before the delivery month. At present, there is a large amount of uninsured use of the total amount of long and short applications, and the number of applications for multiple guarantees is larger than that of short sellers. The limited production and the guarantee system make the situation of speculation short and passive.

"At present, due to the shortage of warehouse receipts, the futures maintain a discount structure on spot, resulting in spot resources difficult to flow into futures, and the 1409 contract is likely to continue to rise. 1409 the rise in the contract is mainly seen in the short cut speed. If the spot market is going up, the futures will continue to maintain the premium structure, which is expected to reach 7800 yuan. Considering that the PTA warehouse receipts will be forced to write off in September, it will be difficult to turn around after long take over, and the willingness to deliver more goods will not be strong. It is suggested that we should pay attention to the quotations before August 25th. Chen Xiaoyan said.