PTA Import Spot Market Analysis

Fundamentals:

NYMEX crude oil futures in June hit a maximum of 98.12 U.S. dollars / barrel, the lowest down to 95.52 U.S. dollars / barrel, down 0.93 U.S. dollars, to 97.01 U.S. dollars / barrel, down nearly 1%, due to the Greek election after the uncertainty of the political situation, market anxiety is strong.

Alexis Tsipras, leader of the Left Coalition, said that the commitments made by the country to the European Union (EU) and the International Monetary Fund (IMF) were invalid after Sunday's general election would support the Greek Party's "exclusion from the door".

At the same time, ECB Joerg executive committee member Joerg Asmussen said the ECB would not consider renegotiation of the Greek rescue agreement.

If Greece wants to remain in the euro zone, then the country must fully implement the existing rescue package. Investors are worried that Greece is forced to leave the euro area, and the euro will be low and drag on oil prices.

Saudi oil minister Naimi (Ali Naimi) said during his visit to Japan that Saudi Arabia will meet all consumer demand for crude oil and that Japan can also rely on Saudi Arabia to meet its temporary demand.

RJO Futures Phil Phil, a commodities broker, said, "the Saudi government has come forward and said that the price of oil is too high, which may be a precursor to their expansion of oil production.

The weakening of the euro has led to a drop in risk assets.

In May 8th, the spot price of PTA was weak, and the price trend of MEG was temporarily stable. The price of semi gloss PET chips, gloss PET chips and the price of CDP chips remained unchanged.

Acrylic fiber staple fiber 1.5D * 38mm, acrylic top 3D * 102mm price are adjusted, CPL, nylon 6 cut price adjustment.

Polyester market is still light, trading volume is only below the middle level, the market is uneven.

Although several large factories in Shengze have raised the number of individual varieties, Shaoxing's mainstream products have fallen by 100 yuan /T, and FDY75D/36F cash is reported to be 12200 yuan / ton. Most factory quotations remain basically unchanged, while the actual paction price is relatively flexible.

At present, because of the low purchasing volume of downstream weaving enterprises, they are basically cautious in terms of quantitative production, and the production and marketing situation of spinning factories is uneven. However, the stock of polyester stocks tends to pick up again, and the trading atmosphere of upstream polyester chip market is also decreasing.

In the aftermarket, the shrinkage of the polyester market increased, and the trend of silk price callback was inevitable.

The price of polyester staple fiber has been adjusted steadily, and the market center price is 11200 yuan / ton.

Viscose staple fiber prices remain stable in the market, the current average price of 16250 yuan / ton.

Technical aspects:

Bohai Mercantile Exchange crude oil: international crude oil has been rising slowly, but it has not affected the trend of Bohai crude oil. Crude oil has fallen for 4 consecutive days, and the short entry holders continue to hold.

Bohai Mercantile Exchange PTA: profits from empty bills.

PET chips of Bohai commodity exchange: profit from empty bills.

Bohai commodity exchange polyethylene and polypropylene Maoming: bottom rebound, empty single profit;

Operation suggestion:

Bohai Mercantile Exchange crude oil: empty single hold;

Bohai Mercantile Exchange PTA: empty out, holding currency;

PET chips of Bohai Mercantile Exchange: empty out, holding coins;

Bohai Mercantile Exchange polyethylene and polypropylene Maoming: additional empty, single currency;

According to yesterday's market observation, the analysis is as follows:

The PTA spot market in May 10th was light.

PTA import spot market is light.

The Taiwan quotation is near $1150-1155 / ton, and the downstream manufacturers deliver it.

At about 1140 yuan / ton, the actual price is about $1145-1150 / ton.

The price of the Korean offer is about $1140-1145 / ton, and the downstream manufacturer's delivery price is around 1135-1140 yuan / ton. The actual price is about 1140 yuan / ton.

In May 10th, PTA market in North China weakened.

PTA the market in North China is weakening, and the market offer price is about 8700 yuan / ton, downstream.

The delivery price is about 8600 yuan / ton, and the actual negotiating price is near 8650 yuan / ton.

The trading atmosphere is light and the actual turnover is scarce.