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PTA Market Weekly Market Overview

2010/9/19 17:21:00 67

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This week,

PTA spot

The price rose slightly, the weekend closing rose by about 100 yuan / ton compared with the beginning of the week, the PTA futures price shock dropped sharply, the TA1101 weekend lowered, but the whole week closing price increased 22 yuan / ton compared with the beginning of the week.

Crude oil,

New York Mercantile Exchange

(NYMEX) crude oil futures fell for fourth consecutive trading days on the 17 day, attributable to the resumption of pport by an important oil pipeline project, rekindling fears of oversupply in the world's largest oil consumer.

New York commercial Futures Exchange (NYMEX) October crude oil futures settled down 1.45 US dollars or 1.91%, at 74.57 US dollars per barrel.

The fall in crude oil will reduce the cost of chemical products and will be unfavorable to the price of PTA futures.

PTA

futures

On the 16 day, Asian PX rose by 2 US dollars to 970 US dollars per ton, equivalent to PTA cost of 6387 yuan / ton.

The operating rate of the PTA plant was 94%, while that of the downstream polyester plant decreased to 81.6%.

PTA factory stock for 0-4 days, polyester factory stock for 12-25 days.

The peak season for textile consumption in the autumn is coming. The stock on the PTA stock exchange has been declining, and the volume of China Textile City has increased to 6 million meters.

The peak season of consumption and the commissioning of new devices have led to a dramatic rise in the price of polyester filament, and the shortage of cotton supply has further driven up the price of PET staple fibers.

The PTA spot market, the weekend PTA spot was frustrated, the market atmosphere was slightly lighter. In the East China domestic market, the afternoon market quotation dropped from 7550 yuan / ton to 7500 yuan / ton in the afternoon, and the discussions were mostly around 7450-7500 yuan / ton. It was heard that there was a real single price in this range, but some traders were reluctant to sell the price within 7500 yuan / ton. The price of the US gold plate was somewhat loose, and the Thai product supply was still 910-915 dollars / ton, but there was some room for negotiation.

After the market, PTA ptasys.toocle.com analyst He Yuexiang believes that the PTA market is still difficult to improve, and is expected to remain weak.

On the one hand, the recent decline in crude oil prices, the external environment is not optimistic, the market is expected to increase interest rates, the government will avoid the risk of pre holiday funds, a large number of large positions, these factors so that the PTA rally is limited.

But on the other hand, the arrival of the traditional peak season and the preparation of the Mid Autumn Festival National Day, and the recent concentration of power rationing will bring about a rise in PTA demand.

However, we still need to pay close attention to the trend of international crude oil and domestic stock market.