April PTA Rises, Raise Prices

< p > disk situation: < a href= "http://www.91se91.com/news/index_c.asp" > Zhengzhou < /a > PTA1409 contract opened at 6252 yuan / ton, closing at 6298 yuan / ton, up 54 yuan / ton, or 0.86%, compared with the previous trading day.

Turnover increased to about 342 thousand and 500 hands, and positions were reduced by 10470 to 541 thousand and 600.

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< p > News: 1 and 23, Asian PX prices rose 4 US dollars to 1178.5 US dollars / ton FOB Korea and 1202.5 US dollars / ton CFR Taiwan / Mainland China.

2, PTA exports increased to 44 thousand and 800 tons in March, an increase of 28 thousand and 800 tons compared with February, and the cumulative export volume of PTA in the first quarter was 86 thousand tons.

3, Sinopec April PTA settlement price of 6600 yuan / ton, the settlement price rose 175 yuan / ton from last month.

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< p > spot price: East China < a href= "http://www.91se91.com/news/index_c.asp" > PTA < /a > market sporadic offer at 6160 yuan / ton from -6200 yuan / ton to send, mostly warehouse receipts, delivery of 6150 yuan / ton in the vicinity of the mention, negotiations to maintain between 6160-6180 yuan / ton.

The United States gold tray is offering a bond of $890 / ton, with a price of $875-880 / ton, and talks about $880 / ton.

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< p > stock data: the exchange warehouse receipt is 42342, which is 3016 fewer than the previous trading day, and the effective forecast is 12489.

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< p > point of view: as the US crude oil inventory rose to a record high last week, the price of Asian crude oil picked up slightly, and the Asian PX price rebounded slightly. Sinopec April PTA settlement price was executed at 6600 yuan / ton, Hengli, Far East, Yisheng and other maintenance devices were restarted, the domestic PTA load rose to more than 7; the PTA spot market consolidation was the main factor, the sales volume of the EIA was limited, the purchase price was low, and the price of the polyester Market in Jiangsu and Zhejiang was stable.

Technically, the PTA1409 contract rose, and the price was backed up by 6200 front-line support. The top 6350 tested the upper line pressure and continued to consolidate the trend.

Operation, temporarily traded in 6200-6350 intervals.

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< p > < strong > internal disk: < /strong > < /p >

< p > on Thursday, the PTA main contract opened slightly higher than 4 yuan, and the concussion of the whole day was higher.

Closed at 6298 yuan / ton, up 50 yuan.

The main contract 1409 contract turnover increased by 49 thousand hands, continued band lighten up, closing the overall position reduced by 10 thousand hand.

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< p > < strong > crude oil outer plate: < /strong > < /p >

< p > U.S. crude oil futures fell on Wednesday, after government data showed stocks of U.S. stocks rose to their highest level in 83 years.

But Brandt oil is struggling to close above $109, due to continued support from the Ukraine crisis.

NYMEX crude oil futures fell $0.31 or 0.3% in May, and the settlement price was quoted at $101.44 a barrel.

ICE Brent's June crude oil futures fell $0.16, or 0.2%, at $109.11 a barrel.

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< p > < strong > upstream dynamic: < /strong > < /p >

< p > upstream PX quotation: Asia's a href= "http://www.91se91.com/news/index_c.asp" > xylene < /a > slightly increased by 4 US dollars to 1178.5 FOB in Korea and 1202.5CFR China, which is mainly affected by the downstream downstream PTA improvement. The market is sporadic trading, and 1 single pactions in June 1197 USD / T CFR Taiwan / Ningbo / Dalian.

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< p > < strong > domestic stock: < /strong > /p >

< p > the spot market is talking about the continuation of the stalemate. At present, the sale of warehouse receipts is still available, and the delivery is basically flat with the 1405 contract. The East China PTA spot offer is near 6200 yuan / ton, and the delivery rate is around 6170 yuan / ton, and the negotiation price is near 6180 yuan / ton.

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< p > < strong > downstream dynamic: < /strong > < /p >.

< p > today, the market of polyester and silk in Jiangsu and Zhejiang is stable.

The number of preferential manufacturers increased, and POY declined.

Downstream orders reduced, and demand for polyester decreased.

The polyester market has a lot of bad profits and is expected to fall short or steady.

At present, POY150/48 mainstream reports 9350-9500 yuan / ton cash, FDY150/96 mainstream newspaper 9700-9850 yuan / ton, DTY150/48 mainstream newspaper 11050-11250 yuan / ton.

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< p > raw material trend is stable, staple fiber Market horizontal finishing is main, factory quotes big stability small movement, Jiangsu and Zhejiang 1.4D quoted price 8850-8950 yuan / ton factory, downstream pick up goods to maintain rigid demand, solid plate negotiation still has some space, and turnover is sporadic.

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< p > < strong > Technical Analysis: < /strong > < /p >

< p > PTA1409 contract closing line, price shocks rise.

The line of the daily line is flat, and the brin passageway is parallel.

In the moving average system, the short-term average is parallel downward.

Technically, PTA remained weak.

On the 30 minute K-line chart, PTA opened at the top of the middle rail and rose up along the upper track.

The middle rail is turned upwards and the brin passageway is enlarged.

The MACD index is up to 0.

The upward trend of intra day shocks.

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