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    The External Situation Is Not Optimistic; &Nbsp; PTA Upward Pressure.

    2011/3/8 15:49:00 79

    PTA Futures Cotton Strong

    Main points:


    1, upstream raw material price: WTI crude oil spot price is 104.65 US dollars / barrel (+0), CFR Japan naphtha price is 1001 US dollars / ton (+0), FOB Korea MX price is 1090 US dollars / ton (+0).FOB, Korea PX price is 1634 US dollars / ton (+0), import PX equivalent production cost is about 9766 yuan / ton.

    The production cost of PTA calculated by imported naphtha is 8031 yuan / ton, PTA inner disk.

    Goods in stock

    The price difference between the price and the production cost of naphtha converted to PTA is 3648 yuan / ton.


    2, PTA spot price: PTA average price of internal disk spot 11680 yuan / ton (+40), the external spot price is 1506 U. s.dollars / ton (+4), the import cost price is 12319 yuan / ton, the price difference between the internal and imported PTA is -639 yuan / ton.


    3, market structure: PTA current price difference is 220 yuan / ton.


    4, MEG price: domestic MEG price is 9800 yuan / ton (+20), import MEG price is 1258 US dollars / ton (+3)


    5, polyester gross profit: Polyester gross profit is 425 yuan.


    6, total volume of Textile City: China

    Textile City

    Total turnover rose to 3 million 460 thousand meters, and volume increased.


    7, device dynamics: 3-4 months from South Korea and Taiwan to the mainland, there are still some PTA devices arranged for maintenance in turn.


    8, crude oil price: at the close, the New York mercantile exchange light crude oil futures in April will be $105.44 per barrel, up 1.02 US dollars from the previous trading day; the London Intercontinental Exchange Brent crude oil futures in April will be 115.04 US dollars, down 0.93 US dollars.


    Summary:


    PTA bottom picked up 106 points.

    PTA spot

    The lower price of polyester products in the lower reaches.

    The crude oil is running high, the price of the upstream PX is strong, the downstream is gradually resuming production, the loom start rate is rising, and the PTA is basically good.

    Recently, the government work report pointed out that stabilizing prices is the primary task of macroeconomic regulation and control.

    US crude rose to $105.44 yesterday, with US stocks plummeting and external metal plummeting.

    The external situation is not optimistic, PTA upward pressure, suggesting short-term operation.

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