Soochow Futures: PTA Enlarged Warehouse And Exceeded 9000 Yuan.

PTA futures rose sharply on Monday, leading up. commodity Futures. The main contract TA1205 opened at 8996, opened 40 points higher, opened up the lowest 8976, then quickly pulled up, the highest to 9090, to close up 112 points to close at 9068, increased positions 48 thousand hands to 380 thousand hands, turnover of 86 (+1) million hands.

From the post office position, TA1205 contract Yongan more than 1129 single hand to 26174 hand, Guo Lian futures empty single warehouse increase 9886 to 19262 hands. From the perspective of the position structure, the first 20 positions are 3096 (+0). The main force was empty. In February 27th, the PTA registered warehouse receipt was 3766, an increase of 200 pieces, with an effective forecast of 179 pieces, totaling 3945 pieces (19 thousand and 700 tons PTA).

international oil price On the other hand, as the US dollar strengthened and investors made a profit, the April New York Mercantile Exchange (NYMEX) delivered light crude oil futures in April, which fell by 1.21 US dollars or 1.1% to 108.56 dollars per barrel. In the London ICE exchange, the Brent crude oil futures contract price fell 2.25 US dollars or 1.79% to 123.22 US dollars / barrel in April.

The upstream market price of naphtha is 1072 (+5) US dollars / ton CFR Japan, MX spot price is 1400 (+2) USD / ton FOB Korea, Asia PX spot price is 1648 (+8) USD / ton FOB Korea, 1673 (+9) USD / ton CFR China, PTA dynamic guaranteed price is 9301 yuan / ton. The profit margin of PX theory is US $275 / ton.

The PTA spot market has improved and low price exploratory enquiries have increased. The PTA spot price in Jiangsu and Zhejiang is 9020 yuan (+100) yuan / ton, and the outer market is PTA in Taiwan. Transaction price It is 1192 (+5) US dollars / ton, equivalent to RMB 9429 yuan / ton.

Downstream market polyester polyester products prices fell 100 yuan / ton. Jiangsu and Zhejiang mainstream plant polyester production and sales picked up moderately, mostly in 8-10.

In the terminal market, the total volume of China Textile City in February 27th was 360 (+28) million meters, and the filament fabric was 3 million 100 thousand meters, and the short fiber cloth was 500 thousand meters, of which cotton cloth was 120 thousand meters, TC cloth was about 80 thousand meters, TR cloth 120 thousand meters, and cotton 150 thousand meters.

The technology side broke through the 20 day moving average.

Summary: Monday PTA futures rose, standing at 9000 yuan mark, leading commodities futures 。 In the past, the structure of the 20 seat positions was that the increase in the strength of the empty main force would intensify the intraday shock. The macro faces are interwoven. In January, the number of second-hand housing sales in the US climbed to a new high in recent two years to boost market confidence. At the weekend's 20 country finance ministers meeting, failure to reach agreement on IMF firepower to suppress the euro. The atmosphere of PTA industry has changed a lot. Stimulated by PTA futures and factory price cuts, polyester products are buying at a low price. Monday PTA polyester polyester production and sales rate rose, the PTA spot price also rebounded. However, the traditional textile peak season expected by the industry is not yet clear. Demand for terminal textiles remains weak. The following two issues should be concerned. First, whether polyester polyester plant inventory will continue to decline. Second, the main reason for the strong PX price of upstream raw materials this year is the overhaul of PX devices in Southeast Asia and the Middle East, which has increased the market's concern over the tight supply of PX. The high price of PX has already made the PTA producers in Japan and South Korea in a state of obvious deficit. In the 3-4 month, the capacity of the PTA plant in South Korea and Taiwan was larger, and some PTA devices were also being overhauled in mainland China. Pay attention to the influence of PX market. Overnight oil prices are down by investors' profit taking, which will exacerbate Tuesday's PTA futures intraday concussion. The futures market of PTA futures will still be able to hit 9246 higher before cost and build a two headed trend. Short line can do more light storage.