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July 17Th PTA Short Term Downward Pressure Dependency News

2010/7/17 13:17:00 36

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Today, the PTA price remained at a low level of shock adjustment. In the early morning, the overall rise of commodities at any time pushed the PTA price rebounding slightly, but the resilience was still weak. Then it continued downhill under the pressure of short positions, and fell to a new low. At the end of the day, the commodity rebounded rapidly, and PTA was also rising at the same time.

today

PTA

The period price remained weak and shock adjustment, while the rally of the late commodity led to the increase in the PTA short profit margin, but the momentum of the long run is still weak, and the rebound in the price will still need further confirmation.

Yesterday, the NYMEX crude oil shock adjustment was stable at 77 US dollars / barrel; naphtha fell 5 US dollars to 630-634 US dollars / ton CFR Japan; the heterogeneous level MX was stationary at 734-735 US dollars / ton FOB Korea; PX: Asia increased 4 US dollars to 829-830 US dollars / ton FOB Korea; Europe was stationary at 860-864 US dollars / ton FOB Rotterdam; the United States was stationary at 869-874 US dollars / ton FOB US Gulf.

Near the weekend

PTA

The atmosphere inside the plate is slightly stable. The seller has no definite offer. A small quantity of shipment is near 6950 yuan / ton, while some polyester factories have 6900 yuan per ton.

PTA foreign spot spot morning offer is not much, the spot cash spot part reported 845 U.S. dollars / ton, buyers pick up the wait and see, some of the counter offer fell to about 835 U.S. dollars / ton, the morning trading was temporarily deadlocked.

MEG market sentiment is slack, market pactions are limited, merchants offer around 5750-5800 yuan / ton, business negotiations may be near 5700-5730 yuan / ton, but low price polyester factory delivery intention is still strong, part of the factory 5700 yuan / ton higher intention.

Generally, most suppliers in the MEG market are near $700 / ton, but the buyer's delivery is near $690-695 / ton, and the paction is close to $695-698 / ton.

Polyester Market: the mainstream products of Jiangsu and Zhejiang mainstream polyester filament quotation is stable overall, showing structural differences in some areas. FDY is up 100-300 yuan / ton in some factories. The price of polyester filament in most parts of Fujian, Ningbo, Changshu and Wuxi is mostly stable. Some mainstream factories in Jiangsu area are stable with fine denier FDY, and the crude denier of some factories is reduced by one hundred, and 129/36 and 150/96 are near 12800, 12500 yuan / ton.

Due to the impact of market shocks, some factories are looking at the post market and shipping operations, and the actual paction price negotiation space is larger, and the lower price is close to the previous low point.

today

PTA

Weak, then down in the short run, and a new low, near the end of the market, commodities rebounded rapidly under the help of the warehouse, and PTA is also rising at the same time. In the near future, with the decline of production and marketing in the lower reaches, the support for PTA demand has declined, and the factory has maintained high load production for a long time. Under the demand of off-season, the pressure of excess supply will gradually appear in the late stage. From the trend, today's PTA price will remain weak and volatile, and the rebound of the final commodity will increase the profit margin of the PTA short cut, but the momentum of the bull market is still weak. Period price remained at low level shocks adjustment, early morning, at any time the overall rise in commodities, pushing PTA prices rebounded slightly, but the resilience is still.