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Crown Pass Futures: Macroeconomic Data Favorable &Nbsp; PTA Concussion Upward

2010/9/14 16:31:00 71

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today

PTA

1101 opened at 7908 yuan, the highest 7958 yuan, the lowest 7858 yuan, closing at 7922 yuan, compared with the previous trading day settlement price rose 58 yuan.

Daily turnover of 483576 hands, holdings increased by 6886 to 258542 hands.

Today, the PTA market stalemate takes the lead. The individual shipping quotes in the internal market are 7450-7500 yuan / ton, and the external trading atmosphere is deserted.

MEG

The market is relatively stable, the mainstream of the internal market is around 6500-6550 yuan / ton, and the individual shipping quotes on the external market are about 805 dollars / ton.

In the weekend, the price of polyester and short price rose in Jiangsu and Zhejiang provinces.

Today, some manufacturers are still making up the price, 1.4D polyester short mainstream factory quotations rose to 10000-10150 yuan / ton.

Jiangsu and Zhejiang polyester continues to raise prices, ranging from 50-100 yuan / ton; individual specifications rose slightly as high as 300-700 yuan / ton.

In the last half of the year, the center of gravity in the Jiangsu and Zhejiang provinces has been further boosted, and the current mainstream quotation has risen to 9400-9500 yuan / tonne (acceptance) level.

At the end of the week, the Bureau of statistics released a series of macro data in August to convey positive information.

Industry

The added value and retail sales of consumer goods increased by 0.5 percentage points compared with July, indicating that industrial efficiency is improving and consumer demand has begun to increase. At the same time, import and export data have increased by 12.5 percentage points over July. Rapid growth indicates that domestic demand is still strong.

In addition, EIA has increased the consumption of crude oil this year and the closure of the Enbridge pipeline, which boosted the price of international crude oil.

The good atmosphere of the macro atmosphere alleviated the tense atmosphere brought about by the heavy setback in PTA last Thursday.

At present, the downstream polyester consumption has improved significantly, the price has risen significantly, supporting PTA spot prices stable, to a certain extent, boosted the confidence of PTA futures market.

However, with the overhaul of Yangzi Petrochemical Company, Xiang Lu Petrochemical Company and other PTA production enterprises, production of PTA will rise again, and market confidence will be suppressed.

From a technical point of view, today's PTA center of gravity moved upward, a small number of additional positions increased, showing that market confidence is recovering, but the integer gate of 8000 yuan is still suppressed. Short term PTA sideways arrangement is recommended, with a reduction of more than 7870 yuan.