On Friday, the domestic futures market showed a general pattern of increase, industrial products generally rebounded, silver, Shanghai copper (55780,670.00, 1.22%) rose more than 1%, rebar (3941,25.00,0.64%) also rebounded slightly; soybean meal ( 3771,96.00,2.61%) rose more than 2% again, soybeans (4695,69.00,1.49%) rose more than 1%; energy and petrochemicals varieties rose in the afternoon, rubber (24485,550.00, 2.30%), PTA (7706,214.00, 2.86%) rose more than 2%, coke, methanol, etc. rose more than 1%.
Liang Yunfu analysts said that the commodity market obviously did not care about the decline of China's gdp, and there was a pullout in the afternoon, and the pta rubber rose more than 2%. Methanol also picked up to 2823, resulting in a substantial premium to spot prices, laying a rebound pattern. In a comprehensive view, with the boost of domestic interest rate cuts and the easing of the European debt crisis, together with the restoration of long-term declines, methanol futures ushered in a rebound. This wave of rapid pull-ups ended the current price difference for more than two months. Premium, methanol price back to the top of the Jiangsu spot price. However, the announcement of gdp today undoubtedly tells us that the economic situation is still not optimistic, and the downstream demand for methanol may not be improved. It is probably because of methanol's short-lived experience.
Liang Yunfu analysts said that the commodity market obviously did not care about the decline of China's gdp, and there was a pullout in the afternoon, and the pta rubber rose more than 2%. Methanol also picked up to 2823, resulting in a substantial premium to spot prices, laying a rebound pattern. In a comprehensive view, with the boost of domestic interest rate cuts and the easing of the European debt crisis, together with the restoration of long-term declines, methanol futures ushered in a rebound. This wave of rapid pull-ups ended the current price difference for more than two months. Premium, methanol price back to the top of the Jiangsu spot price. However, the announcement of gdp today undoubtedly tells us that the economic situation is still not optimistic, and the downstream demand for methanol may not be improved. It is probably because of methanol's short-lived experience.
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