Guo Yuan Hai Qin: The Trend Of Crude Oil Going Strong Is Clear; &Nbsp; PTA Uplink Sealed At The Limit.

Upstream: the US Federal Reserve Committee (Fed) has introduced the economic stimulus measures that are generally expected in the United States after the announcement of a drop in oil inventories larger than expected.

The price of light and low sulfur crude oil futures rose 79 cents in November 3rd NYMEX December, up to $84.69 a barrel, or 0.9%.

The contract has risen 4% this week, hitting a 6 month high of $85.36 earlier in the session.

ICE Brent crude futures clearing price rose 97 cents to $86.38 a barrel.

On the 3 day, the closing price of Asian PX was 1246.50-1247.50 USD / ton (FOB Korea); 1261.50-1262.50 USD / ton (CFR Taiwan), the price was flat compared with the previous day.

On the spot side: the PTA market in East China is rare, which is affected by futures trading. Most of the spot market is closed, but the market buyer has positive attitude towards the goods. The mainstream market negotiated at 9000 yuan / ton, and some of them have reached a solid deal, and the trading atmosphere is good.

The Asian PTA spot market is not reported, and the futures market has limited the majority of the spot market, and the buyer's enquiry atmosphere is positive.

Downstream: upstream polyester raw materials rose, polyester core weight upward and good sales and production, polyester chips also rose simultaneously.

Half light section rose relatively mild, the mainstream of Jiangsu and Zhejiang market discussed the focus of the paction rose to cash 10900-11000 yuan / ton, and there is a moderate amount of business in this vicinity, of course, today's high price has reported 11000 yuan / ton, the market turnover is still not easy, at present polyester factory mentality is calm, individual factories have a sealing action.

The market of polyester staple fiber in Jiangsu and Zhejiang continues to rise and the price center moves upward. At present, the mainstream price of polyester staple market is 13200-13500 yuan / ton, and the focus of discussion is 13000-13200 yuan / ton.

Jiangsu and Zhejiang polyester filament market overall sales performance is good, the market turnover atmosphere is warm, this week third days production and marketing over 100, the market mentality is firm.

In Xiaoshao area, the polyester fiber moved steadily up and down. Most factories increased by 50-100, POY, DTY150D 12400-12700, 13900-14500 yuan / ton, polyester FDY increased by one hundred, low price or hot sales increased one hundred and fifty to two hundred and fifty, 50/24 and 75/36 reported 16900-18150, 15000-16150 yuan / ton.

On the whole, international crude oil continues to rise strongly, PX is strong, and spot and downstream markets are strong and strong. Today, after the PTA has opened up, it has increased its volume and added to its trading limit. In view of the fact that the upstream costs of the fundamentals are well supported, the spot, downstream and cotton markets are still strong, and the PTA1105 contracts can still hold a long way of thinking.