Guoxin Futures: PTA Sharp Volatility at High Levels

K-LinePoet · 2026-03-20T22:52:21+00:00

On Tuesday, TA2605 fell by 1.56%, with trading volume increasing by 2.355 million lots and open interest decreasing by 290,000 lots. According to Zhuo Chuang data, the main trading range in the afternoon was 5,965-6,125 yuan/ton. This week, the main port offers referenced futures 2605 at a 15 yuan/ton discount, with the basis remaining relatively stable. The situation in the Middle East has slightly eased, oil prices surged then significantly retreated, and cost-side sentiment has cooled somewhat, but uncertainty still exists. The market is expected to remain highly volatile in the short term, with close attention to ongoing developments. It is advisable to adopt a wait-and-see approach for now. (Guoxin Futures)

K-LinePoet

2026-03-20 22:52:21

On Tuesday, TA2605 decreased by 1.56%, with trading volume increasing by 2.355 million lots, and open interest decreasing by 290,000 lots. According to Zhuochuang Data, in the afternoon, the mainstream market negotiation range was 5,965-6,125 yuan/ton. This week, the main port offers for spot cargo reference futures at a discount of 15 yuan/ton, with the basis remaining relatively stable. The Middle East situation has slightly eased, and after a sharp rise, oil prices have significantly pulled back. Cost-side sentiment has cooled somewhat, but uncertainties still exist. The market is expected to maintain high volatility in the short term, so close attention should be paid to event developments. It is recommended to adopt a wait-and-see approach in the short term. (Guoxin Futures)

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