Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
CITIC Futures: Oil prices dull PTA guidance, factories intensively cut production to realize results
The Middle East situation remains tense, with the Strait issue experiencing frequent uncertainties over the weekend. International oil prices are generally strong, but crude oil prices have dulled the guidance for PTA. From a fundamental perspective, both upstream and downstream of PTA are accelerating production cuts. As major PTA producers gradually implement reductions, downstream polyester filament factories are also actively cutting production to support prices, but short-term polyester reduction is relatively manageable. Under the weak supply and demand pattern, there is an expectation of significant destocking for PTA, with the basis gradually strengthening and liquidity tightening. Due to regional differences in inventory buffering capacity, PTA supply and demand are diverging regionally, and in the short term, prices are mainly following upstream cost fluctuations. (CITIC Futures)