Crude Oil Rose Or Ignited PTA Enthusiasm

Main points:

1, upstream raw material price and PTA production profit: WTI crude oil spot price is 97.14 US dollars / barrel (+0.02), CFR Japan naphtha price is 971 USD / ton (-0), FOB Korea MX price is 1209 USD / ton (+0). FOB Korea PX price is 1508 yuan / ton (+0), import PX is equivalent to PTA production cost is about 9030 yuan / ton, PTA production profit is about 599 yuan / ton.

2, PTA spot price and exchange warehouse receipts: PTA The average spot price is 9630 yuan / ton (+70). External spot The price is 1211 U.S. dollars / ton (-0), the cost of import is 9823 yuan / ton, the difference between the internal and imported PTA is -193 yuan / ton. The exchange's warehouse receipt is 8479 (-4607).

3, market structure: PTA current price difference is -26 yuan / ton.

4, MEG price: domestic MEG price is 8720 yuan / ton (+110), import MEG price is 1115 US dollars / ton (+10)

5, downstream Polyester products Price and polyester gross profit: large Everbright polyester cut 11800 yuan / ton (-200), semi gloss polyester chip 11750 yuan / ton (-150), 1.4D direct spinning polyester 12750 yuan short / ton (-100), polyester DTY 150D is 15900 yuan / ton (-0), polyester POY 150D is 13800 yuan / ton.

-100), polyester FDY 150D is 13700 yuan / ton (-0). Polyester gross profit is 1703 yuan / ton.

6, the total volume of Textile City: the total volume of China Light Textile City is 8 million 320 thousand meters.

7, crude oil price: at the close, the New York mercantile exchange light crude oil futures in June futures $97.37 per barrel, compared with the previous trading day fell $2.28; London intercontinental Brent crude oil futures in June, 112.73 U. S. dollars per barrel, down 1.1 U.S. dollars.

Summary:

Yesterday, the PTA main force 1109 contract continued concussion trend rose 54 points, PTA spot rose slightly, downstream polyester product price center continues to move downward, PTA profits sharply reduced. As the spot price of PTA dropped sharply, the rigid demand of low price spot was released moderately, the PTA inventory of traders and polyester factories was not enough, stock exchange fell sharply, downstream production and sales were generally good, and polyester factories had enough profits. Yesterday, crude oil rose 3.19 U.S. dollars to return to 100 U.S. dollars / barrel, Lun copper rose 3.06%, crude oil rose or ignited PTA enthusiasm, suggested short enough to try.