Under The Pressure Of PTA, It Is Not Easy To Stabilize In The Short Term.

Here world

Xiaobian network to introduce the first futures: PTA under heavy pressure, the short term is difficult to stabilize.

1. Crude oil review

Crude oil futures prices were mixed, crude oil futures in New York fell 0.85% to 90.87 dollars, and Brent crude oil price fell 1.44% to 96.97 dollars.

The overall price of oil has remained weak, leading factors have not changed. Libya's output has increased recently, and China's continued economic downturn has further hit the market. HSBC China's PMI9 monthly data is only 50.5, and may go down.

Therefore, oil prices may continue to maintain a weak position. At present, it is difficult to change the atmosphere from the OPEC meeting.

Two, macro economy

Us real estate data fall in August

U.S.A

According to the published data, the rate of new housing starts in August dropped by 14.4%, and the new housing starts were 956 thousand, estimated at 1 million 40 thousand households.

Real estate data in the United States fluctuated, and the annual rate of new housing starts increased by 22.9% in July. Therefore, this data needs further tracking.

Three. Industry dynamics

PX prices continue to fall

PX prices fell 8 US dollars to 1204 U.S. dollars / ton FOB Korea, the market generally traded.

PX prices continue to go down, showing poor performance, and it is difficult to expect a big rebound in the short term, thus affecting the price of PTA and other downstream products.

PTA spot price lower

PTA

The price dropped from 100 yuan to 6500 yuan / ton, and the price of foreign products and platforms dropped by 25 US dollars to 900 US dollars / ton.

At present, the operating rate of PTA is 63%, an increase.

Due to the weak profits of PTA manufacturers, there are not many new installations, resulting in a low level of operating rate.

Polyester prices are mainly stable and sales fall.

The downstream polyester market atmosphere is down, prices are stable, semi gloss polyester chip price is 9250 yuan / ton, price is flat; bottle grade polyester chip price is 9400 yuan / ton, the price is flat.

Polyester filament market atmosphere is general, the price is stable, DTY150D price clinch a deal interval in 10800-11000 yuan / ton, the price is flat.

The price range of POY150D is 9900-10000 yuan / ton, the price is stable; the price range of FDY150D is 10300-10400 yuan / ton, the price is stable, the market atmosphere of filament is general, most factories produce and sell 5-6, and the higher is 8.

The price range of short silk is 9700-9800 yuan / ton, the price is stable, and the turnover is acceptable.

Four, price performance

From the period of price performance, the main contract ended in 6176 yuan / ton, down 120 yuan / ton, the decline was 1.91%, the volume enlarged and the holding volume increased by 35 thousand hands.

Five. Comprehensive comment

The PTA price continued downward and the paction shrank.

The spot market also went down, and the price dropped to around 6500 yuan. Under the influence of the weakening of crude oil price period and the weakening of domestic demand, the systematic decline took the lead, and the PTA price followed the general trend.

In the short term, because the production enterprises are in a state of loss, the starting rate will remain low, and the market needs to choose a stable price after a period of concussion.

Judging from the disk, the period price is in a downward path. After a rapid fall, it will be ready for a period of time before the bottom characteristics can be found. Short term holding is recommended.