Market Sentiment Is Cautious; &Nbsp; PTA Is Weak.
Zhengzhou PTA futures opened lower on the 6 day, and the main contract 1205 closed at 9168 yuan / ton, down 40 yuan / ton.
Crude oil prices are still high in the country, high PX prices, support for PTA costs, and PTA capacity
extend
May postpone, the recent expansion of production capacity, at the same time, downstream demand is expected to improve in the near future, the good news is to boost the market, however, yesterday, the government work report said that this year's government's goal to control economic growth, the market has been affected by a certain impact, PTA is expected to continue the weak adjustment in the near future.
New York commercial Futures Exchange (NYMEX) crude oil futures 6 day electronic disk wide shocks, despite the recent two days of callback, but the crude oil market appears to be still in a long dominated atmosphere.
Stimulated by factors such as geopolitical and economic data, international oil prices have achieved a record high of nearly ten months in recent years, and once exceeded 110 US dollars.
Although national economic data
Joy and sorrow
Half, but still resists the strong trend of crude oil, and will remain strong in the near future.
As of 15:00 Beijing time, NYMEX crude oil futures in March reported $106.78 per barrel, up 0.06 US dollars.
Domestic market, last Friday (March 2nd) downstream varieties, especially POY and polyester staple fiber production and sales explosive growth, partial production and sales between 300%-500%, price center slightly moved upward, FDY and DTY performance is relatively general.
At the end of the week, the production and sales of polyester and silk products in Jiangsu and Zhejiang provinces are still good, most of them are flat.
This is in line with the market expectations of the March PTA industry.
Quotation
There will be some improvement as well.
Upstream raw materials, the PX price has been rising steadily over the 1600 US dollars / ton (CFR Taiwan) since February. Last Friday (March 2nd), it quoted us $1683 / ton, which is also the biggest single day increase since January 4th. The dynamic cost of PTA is 9341.1 yuan / ton, with the current price of 9120 yuan / ton of PTA in the East China market, and the loss of 200 yuan per ton in the PTA factory.
In the spot market, PTA market in North China is flat. The market offer price is about 9200 yuan / ton, and the downstream manufacturer's delivery price is around 9100-9150 yuan / ton, and the actual price is around 9150 yuan / ton.
Market supply is still available, downstream demand is flat, market trading atmosphere is poor, and actual talks are scarce.
PTA the domestic market of East China is very dull. The price of the holder's offer is about 9150-9200 yuan / ton, and the downstream delivery price is around 9050-9100 yuan / ton, and the actual price is 9100 yuan / ton.
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