Trend Unexpected Strong &Nbsp; PTA Surge

In addition, overnight crude oil rose and cotton trend improved, providing further impetus to PTA.

But Yisheng petrochemical PTA new capacity release has significantly increased the market supply, exacerbating the future market vacant expectations.

The power restriction measures will affect the starting rate of chemical fiber and textile enterprises, and the supply and demand will tend to relax and suppress the upward space of PTA.

PTA is expected to be more volatile in the near future.

New York Mercantile Exchange (NYMEX) crude oil futures fell on the 13 day of the electronic disk, after the data released by API showed that the US crude oil inventories unexpectedly increased last week, and the Irish credit rating was downgraded to the "junk level", which strengthened the market supply adequacy view under the prospect of weakening demand.

As of 11:30 Beijing time, NYMEX December light crude oil futures price fell 0.27 U.S. dollars, closed at 97.16 U.S. dollars per barrel, or 2.4%.

The National Bureau of Statistics announced the two quarter data, the main economic indicators remained stable and relatively fast growth, GDP increased by 9.5% in the two quarter, and the economic growth in the four consecutive quarters was basically stable at 9.5%-10%.

In the first half of this year, the growth rate of fixed assets investment was 25.6%, and the growth rate of fixed asset investment remained stable at around 25% in the four quarter.

From the perspective of the real economy, the added value of industrial added value above scale has basically stabilized at around 14% for four consecutive quarters.

On the spot, the average spot price of PTA is 8850 (-120) yuan / ton.

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