PTA Main Shift Warehouse &Nbsp; Period Price May Hit 7300 Yuan Again.

This Thursday, the Zhengzhou PTA main contract 1009 was affected by the low price of crude oil, slightly lower 36 points, the opening price was 7052, and the mid term price of the disk was 7046 lower. The price of the multi-party pull up price was once again consolidated and increased, the highest impact was 7142 points, and the latter was slightly adjusted to 7130. The turnover is 386 thousand hands, and the position is 164 thousand hands.

Basic analysis: the US Mortgage Association released data on Wednesday. In July 16th, the US mortgage market jumped by mortgage applications, the market index rose 7.6% to 753.5, and market demand for housing rose for the first time in five weeks. Federal Reserve Chairman Bernanke said the US economy is abnormally uncertain, and the Fed is ready to take corresponding measures when needed. The European bank stress test will be released in July 23rd. Investor Wait-and-see sentiment is strong again, and the euro / dollar exchange rate is under pressure in the market.

EIA released data showed that in the week of July 17th, US commercial crude oil inventories increased by 360 thousand barrels, gasoline inventories increased by 1 million 120 thousand barrels, distillate stocks increased by 3 million 940 thousand barrels, and refinery operating rates increased by 0.1% to 91.5%. The market expects crude oil inventories to decrease, but the EIA figures are unexpected, causing oil prices to suffer, and the Caribbean heat wave likely to hit the Gulf of Mexico. Overnight, New York commodity traders closed down $0.34 to $76.55 a barrel in September crude oil futures, trading at 76.20-78.57 U.S. dollars / barrel. The demand for crude oil in the US market is 19 million 384 thousand barrels per day, up 606 thousand barrels from last week, indicating that market demand is still improving. The increase in inventory is mainly due to the increase in imports. Driven by demand, crude oil futures will stand for 80 dollars / barrel in the short term.

Overnight, the global naphtha closing price rose again slightly. Abu Dhabi national oil company is still buying the naphtha cargo from October to September next year, but the market is not available because of the low price. Although no Western arbitrage cargo has entered the Asian market in Asia, the naphtha market is still in the doldrums under the influence of adequate supply, low demand and traders' inventory pressure. Although the price rose slightly 13.92-15.00 U.S. dollars / ton, to a high level in the past two months, the difference between the brainpower and the price jumped to 60 dollars. market Naphtha is still relatively empty. European naphtha closed price rose slightly 5 U.S. dollars / ton.

The global PX closing price rose overnight. In the Asian PX spot market, the closing price of FOB Korea PX rose sharply from 16 US dollars to 846-847 US dollars / ton, and the closing price of CFR PX of Taiwan rose by 16 US dollars to 861-862 US dollars / ton. In the European market, the closing price of FOBRdamPX rose slightly from 10 US dollars to 869.5-873.5 US dollars / ton. In the US PX market, the fall in crude oil prices once again suppressed PX prices, which fell slightly from 6 US dollars to 871.5-876.5 US dollars / ton. In the short term, Asian PX market prices may continue to maintain weak shocks.

In the PTA spot market, Petrifaction Chemical sales company June PTA settlement price of 7300 yuan / ton, July PTA listing price implementation of 7600 yuan / ton. Although the price rebounded slightly, the price in the spot market remained stable. East China PTA spot traders quoted a price of 7000-7050 yuan / ton. Downstream businesses are still strong because of wait-and-see sentiment, and the intention to purchase prices is near 6950 yuan / ton. Asian PTA spot market prices continued to maintain stability, Taiwan produced CFR China quoted price of 845-850 U.S. dollars / ton, downstream enterprises intent to purchase price of 835-845 U.S. dollars / ton, Korea produced CFR China quoted price of 825-830 U.S. dollars / ton, downstream enterprises intent to purchase price of 823-827 U.S. dollars / ton, the actual offer into the situation is relatively light. Market rumors, Xiang Lu petrochemical, Yangzi Petrochemical, Ningbo Taiwan chemical industry and South Korea SK chemical industry plan to repair from August to September, the market is expected to reduce production of about 230 thousand tons.

PTA industry chain goods, polyester chip, the East China market quotation continues to maintain stability, half light polyester chips in the market spanaction price of 9300 yuan / ton, short term polyester market prices may continue to maintain stability. Polyester market continues to remain stable in the East China market. But the market is divided. The price of polyester in some areas has risen by 100 yuan / ton, and the market price may not be substantially oscillating in the short term and continue to maintain the range band.

To sum up: in the short term, crude oil prices may continue to guide the trend of the price trend rebounding slightly, and the period price may hit 7300 yuan again. In the operation, there are more than one continued holding, the empty warehouse person to step back on the MA10 average line dips to intervene, stop the MA5 average.