PX Prices Fall PTA Or Continue To Fall

< p > [spot market] because Sinopec's settlement price was announced at 7900 yuan / ton, and the PTA (7240, -150.00, -2.03%) spot market was reluctant to sell, the odd offer was near 7600 yuan / ton, the downstream part just needed to be inquired, and the delivery rate was 7500 yuan / ton.

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< p > > a href= "http://? www.91se91.com/news/index_c.asp" > bid price difference < /a > larger, but the firm offer has not yet been heard.

< a href= "http://? www.91se91.com/news/index_c.asp" > PTA < /a > the US dollar has strong market focus and limited initiative in shipping.

At present, the bonded offer is near $1010 / ton, with a quarterly delivery of $1000-1005 / ton, and the reference is $1005-1010 / ton.

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< p > at present, the price of Asian PX has dropped sharply, due to the reboot of PX device and the expected easing, but the tight PTA pattern still exists.

And downstream polyester stocks are low, PX risk is released, downstream or is still in the air game situation.

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< p > futures trend is affected by the price drop of a href= "http:// www.91se91.com/news/index_c.asp" > PX < /a > yesterday.

In September, the contract was reduced considerably, and in September, the pressure on holding positions was also greatly alleviated.

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< p > the price of overnight PX is still down by nearly 49 dollars due to the reboot of the device and the expected easing effect. The price of PTA continues to decline today.

Decline or narrowing, the impact of spot high bond prices, PTA spot is still high, the logic of September is still in the long term, should not be too empty, in January by the PX loose expectations, the material is weaker than in September.

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< p > [today's rise and fall] < /p >

< p > operation and strategy. It is suggested that the short-term contract in September should be the main concern. After all, the multi head logic is still in existence. In January, the contract can be considered. In the short term, we can see that over 7000 of the pressure is high in the short selling way, and the 9 throw in 1 on the spread is relatively safe.

Affected by the overnight PX slump, futures prices are expected to maintain a downward trend today, but they have narrowed or narrowed.

In September, the pressure level was 7400 today, and the support level was 7250 < /p >