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Hai Qin Futures: Weak In Internal And External Market, PTA Again Fell Sharply

2010/7/3 14:40:00 31

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PTA futures

The main contract 1009 opened at 7234 in early trading, the highest 7252, the lowest 7136, closing 7144, 30 points lower than the settlement price of 112 points, turnover 311042 hands, daily increase 8490 hands, holding positions 172544 hand.

Upstream: inventory data announcement, 30 days

European and American markets

Crude oil prices continue to fall, and the New York commercial Futures Exchange (NYMEX) August western Dezhou light crude oil (WTI) futures fell 0.31 U.S. dollars, to 75.63 U.S. dollars / barrel, London Intercontinental Exchange (ICE) Brent (Brent) crude oil futures August futures 75.01 U.S. dollars / barrel, down 0.43 U.S. dollars.

On the 30 day, the closing price of Asian PX was 875.50-876.50 USD / ton (FOB Korea); 890.50-891.50 USD / ton (CFR Taiwan), the price fell by US $10 compared with the previous day.

On the spot side: the PTA market in East China is weak, and some of the market offer is near 7050-7100 yuan / ton, and the market is rare. The negotiation intention is near 7000-7050 yuan / ton, and the market is scarce.

The Asian PTA spot market is weak, and the seller's market is cautious. The buyer's enquiry is at $850 / ton, and the negotiation intention is near $850-855 / ton. The Korean goods negotiation intention is near $830-835 / ton, and the firm offer is light.

Downstream: the staple market in Jiangsu and Zhejiang is deadlocked. The manufacturer's offer remains 9650-9800 yuan / ton, and the peripheral price is slightly higher. The negotiation is maintained at 9600-9750 yuan / ton.

The market is depressed and there are not many substantive pactions.

Under the influence of raw materials for two days, the market atmosphere of semi - light slice in Jiangsu and Zhejiang areas is cold.

Because the manufacturers have no inventory pressure, the quotation still sticks to 9400 yuan / ton (cash), but the negotiation center is slightly weaker, to 9300-9400 yuan / ton cash or three month acceptance.

Jiangsu and Zhejiang provinces

Polyester filament

The market stalemate is stable, some of the quotes are high and enterprises have been lowered. The overall wait-and-see atmosphere is strong.

Now polyester POY mainstream talks about 11200-11250 yuan / ton, polyester FDY at 12250 yuan / ton, polyester DTY at 12600-12700 yuan / ton.

Overall, international crude oil fell slightly, PX fell, and spot market weakened, and the downstream market was deadlocked.

Today, PTA continues to be weak callbacks, the paction has been enlarged, the positions are rising, and the many average moving lines above still constitute a great pressure on them.

Judging from the change of the 20 positions in the post office, the number of long positions increased slightly, indicating that there was a copy of the chassis to intervene, and the short bear continued to suppress the confidence slightly less.

Concerned about the trend of international crude oil and domestic stock market trend, observe the support near recent low, the general idea is still dominated by shock and weak thinking, and the air is cautious.