The website of the National Development and Reform Commission announced that the Development and Reform Commission and other departments jointly issued an emergency notice on October 29, requesting all relevant departments in various regions to do a good job of purchasing and selling new cotton, maintaining the cotton market order, and stabilizing the cotton market. However, Monday, both cotton and PTA's two textile raw materials were in an upward trend. Industry analysts said that rising raw material prices will soon be transmitted to the textile and apparel industry, and garment prices will further increase inflationary pressures.

Zhengzhou Commodity Exchange's data showed that Monday, cotton rose again by 6%, Zheng cotton 1105 main contract closed at 32,970 yuan / ton, up 6.29%, the contract rose 21.12% this month, since September has accumulated 70% . At the same time, the PTA with very small gains has recently shown an accelerated upward trend, and the opening has sealed the daily limit. The main contract of PTA1105 closed at 10,582 yuan/ton, up by 6.02%, and rose by 16.90% this month, exceeding the cumulative increase in the previous five months.

“The same logic of cotton, PTA daily limit and the sharp rise of resource items before it was all pushed up with a lot of money. The background is the rising price of overseas commodities under the weakening of the dollar.” The chemical industry analyst of a securities company in Zhejiang told the author Most of the speculation funds for resource products and agricultural products (000061) were from Zhejiang, Baotuan entered the ** and stock markets at the same time, resulting in a strong linkage between the two major markets.

From the perspective of related stocks, the analyst said that Rongsheng Petrochemical (002493) is the leading PTA producer in the A-share market, which will benefit from the increase in PTA prices, and Chunhui shares, ST Guanghua and other PTA production companies will also benefit. In addition, due to the collective rise in prices of chemical products, the entire chemical industry has welcomed investment opportunities such as Yantai Wanhua (600309) producing pure MDI, Shandong Hailong (000677) producing viscose staple fiber, and Sanyou Chemical (600409).

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