Nanhua Futures: PTA Spot Weak &Nbsp; Period Price Continued To Fall (6.04)

In June 4th, the price of PTA again weakened significantly. In the early morning, after a small opening, the rapid downlink was reduced under the pressure of the short end, and then it maintained a wide range of shocks, and the volume was smaller than yesterday.

Judging from the trend of the K-line, the recent price volatility has been enlarged, and the price range is still in the recent broad shock finishing area; from the whole commodity market, most of the commodities fell sharply again this week, to a certain extent, once again after the early overfall rebound, and the bottom price construction phenomenon showed slightly.

Yesterday, the US crude oil futures price continued to rise, as EIA released data showed that crude oil inventories fell more than expected last week; naphtha rose 26 US dollars to 676-679 US dollars / ton CFR Japan; heterogeneous MX rose 5 US dollars to 797-798 US dollars / ton FOB Korea; PX: Asia rose 20 US dollars to 904-905 US dollars / ton FOB Korea; Europe was stationary at 898-902 US dollars / ton FOB Rotterdam; the US increased 18 US dollars to 900-905 US dollars / ton FOB US Gulf.

PTA spot atmosphere is weak, the spot market quotation is in the 7200 yuan / ton or partial, partial buyer counter offer falls to 7100 yuan / ton, 7150 yuan / ton price buyer receives the tray to wait and see temporarily.

The PTA spot price is still in the range of $860-865 / ton, and the buyers are waiting to see it. Some of them are handed over to US $850-855 / ton.

MEG internal market continued to fall, merchants offer 6200 yuan / ton nearby, downstream delivery intention is not high, small single deal to 6150 yuan / ton or partial, it is reported that a single in 6100 yuan / ton turnover.

Market shipping intention is not high, individual may be due to the low level of capital pressure, the mainstream market paction is light.

The external market is slack, and the shipment intention is not high. The buyer handed over the bill to $720-730 / ton, and the negotiation closed to $730 / ton.

Bonded paction negotiations may reach US $740 / ton.

Polyester Market: Jiangsu and Zhejiang polyester quotation overall stability, individual factory quotations down by 100 yuan, most factories actually moderate preferential sales promotion, production and marketing atmosphere is general; direct spinning polyester short quotation after yesterday lowered, today some of the higher quotations still have 100 yuan / ton fall, mainstream cash offer price to 9700-9800 yuan / ton.

After a small opening, the market quickly maintained a wide range of concussion, and the volume of trading was smaller than that of yesterday. At present, the fundamentals of the PTA are still dominated by weak adjustment. From the perspective of the K-line trend, the recent price fluctuation has been enlarged, and the price range is still in the recent broad shock area. From the whole commodity market, most of the commodities have fallen sharply again this week, to a certain extent, it is once again trimming after the rebound of the previous overfall, and the phenomenon of the bottom price construction shows slightly. The medium and long term lines can be appropriately intervened in a small number of departments. However, at present, the risk of the overall macro environment still exists, especially for the market's interest rate expectations, the recent market price hike is expected, the price is still short in the near future, and attention is paid to the position control. Today, the PTA price is weakening again.