First Futures: The Market Atmosphere Is Still Empty PTA Short Term Maintenance Of Weak Finishing

1. Crude oil review

Crude oil prices kept bottoms up, New York crude oil price rose 0.13% to 82.06 dollars, and Brent crude oil price rose 0.01% to 86.17 dollars.

Oil prices maintain narrow finishing, after a rapid rebound, a certain amount of kinetic energy consumption, so the strength of the second attack is weakened, it is expected in the short term to disadvantaged collation, suggestions for investors to wait and see.

Two, macro economy

Consumer data released by the University of Michigan in the United States show that the US consumer confidence index in October was 86.4, the highest since July 2007, higher than previous estimates.

Meanwhile, the number of new housing starts in September has increased by 6.3%, reversing the trend of last month's decline. Under such favorable data, the US financial market has performed well.

Three. Industry dynamics

PX prices rebounded slightly

PX prices rose 5 to 1032 U.S. dollars / ton FOB Korea, the market generally traded.

PX prices follow the trend of crude oil to fall, and there is suspicion of overfall in the short term. With the stabilization of oil prices, PX prices are expected to stop.

PTA

The spot price of PTA fell 10 yuan to 5710 yuan / ton, and the output price of the external market decreased by 5 US dollars to 755 US dollars / ton.

At present, the operating rate of PTA is 75% and stable.

Polyester prices are mainly stable.

The downstream polyester market atmosphere is down, prices are flat, semi gloss PET chips price is 8750 yuan / ton, bottle grade polyester chips price is 8800 yuan / ton, the price is flat.

Polyester filament market atmosphere is general, the price is low, the DTY150D price paction interval is 10200-10400 yuan / ton, the price is stable.

The price range of POY150D is 9200-9300 yuan / ton, the price is stable; the price range of FDY150D is 9700-9800 yuan / ton, the price is stable, the market atmosphere of filament is general, most factories produce and sell 80%, the higher is 100%.

The price range of short silk is 9150-9350 yuan / ton, the price is stable, and the turnover is better.

Four, price performance

Judging from the performance of the price, the main contract closed at 5568 yuan / ton, up 4 yuan / ton, or 0.07%, the volume shrinking and the holding Volume 71 thousand.

Five.

PTA price shocks at the bottom, shrinking.

From the spot level, there is a slowdown in the signs of decline, PX prices rebounded slightly, polyester sales industry has improved.

Although the price of PTA spot has declined in anticipation of the increase in supply rate, the whole trend is likely to change.

Judging from the disk, the price difference across the month continues to widen, the main funds continue to reduce positions on the 1501 contract, followed by the full pfer of funds, 1501 of the price will return to the spot.