Suzhou Futures: Mentality Is Still Impetuous, PTA Platform Finishing
This week
Zhengzhou
TA1105's closing price dropped 612 points to 9964 yuan / ton.
Spot market
The atmosphere is moderate, and the price index of PTA is rising from 150 yuan to 9550 yuan / ton.
PTA
On the upstream side, the crude oil electronic disk in NYMEX-12 this week was first suppressed and then raised, running on the top of 80 US dollars / barrel. It is expected that the space below is limited. The price of MX and PX is basically stable, and the spot price of CFR China / Taiwan LC30-45 day PX rises by 18 US dollars to 1242 US dollars / ton compared with last Friday, and PTA production cost remains at 7650 yuan / ton.
At present, the profit of PTA production is higher, and the peak season of autumn and winter is coming to an end. The price of PTA spot or futures will feel the repression brought by production power.
Downstream, today's Jiangsu and Zhejiang polyester market trend stabilized, but a stalemate, the lower reaches of the wait-and-see sentiment is strong, polyester staple index fell 1500 to 18300 yuan / ton.
Investors need to remain sober about the future. In the face of the appreciation of the renminbi, the rising cost of labor and the competition among countries such as Southeast Asia, the export pressure of the domestic textile and garment industry has not declined.
Moreover, in December -1, PTA seasonal demand weakened.
Overall, in the face of tightening concerns, market fear of high sentiment continues, and cotton spot down also makes the market panic.
However, the US economy continues to recover at a low speed, and the US quantitative easing is continuing, and the space under the PTA can not be expected too much.
Operation, the market mentality is still impetuous, the trend of confusion. TA1105 central line to do more need to wait; suggest that within the day by the average or 10000 point interval operation, pay attention to cotton prices, production device dynamics. Pay attention to risk prevention, do a good job in capital management.
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