Cost Support Weakened PTA Temporary Wait And See

PTA futures dived in the afternoon on 27 th, and the main 1501 contract closed 6720 yuan / ton, down 72 yuan / ton.

Crude oil support weakened, and PX was under pressure. PTA diving in the afternoon is expected to return to the disadvantage in the short term.

NYMEX crude oil futures crashed on Wednesday, due to weekly inventory reports that crude oil inventories fell more than expected, but Oklahoma's key oil storage stocks continued to rise for the fourth week.

NYMEX crude oil futures contract rose $0.02 in October, at $93.88 a barrel.

Futures rose 0.22 dollars, or 0.2%, to $102.72 a barrel.

Data released by the EIA on Wednesday showed that crude oil inventories in the United States dropped by 2 million 70 thousand barrels to 360 million 475 thousand barrels as of August 23rd.

U.S. gasoline inventories dropped 960 thousand barrels to 212 million 314 thousand barrels during the week.

By the week of August 23rd, distillate oil, including heating oil and diesel, was included.

Increase 1 million 252 thousand barrels to 122 million 794 thousand.

The refinery capacity utilization rate in the United States was 93.5%, compared with 93.4% in the previous week.

The East China spot market was weak yesterday, with an offer of 7300 (-25) yuan / tonne, and a 7200 yuan (-50) yuan / tonne. The shipping market was weak, with an offer of 990-995 (-5) dollars / ton, 985 (-5) dollars / ton, and the current price difference of the TA01 period near the futures note 420 yesterday.