Ruida Futures: PTA To Explore Low Recovery, The Overall Continuation Of Weakness

Disk situation: Zhengzhou PTA1501 contract opened at 5600 yuan / ton, closing at 5580 yuan / ton, down 78 yuan / ton compared with the previous trading day, or 1.38%, the turnover increased to 1 million 924 thousand and 400 hands, and the position increased 3416 to 756 thousand and 500 hands.

1 and 30, Asian PX quotations rose 1 to 1035.5 US dollars / ton FOB Korea and 1056.5 US dollars / ton CFR China Taiwan.

2. Korea HC's 800 thousand ton PX facility in Ulsan is scheduled to restart in late November.

3, the Ningbo MITSUBISHI 700 thousand ton PTA installation started heating up in October 31st, and the plant device will maintain full load in November.

Spot price: the East China PTA market offer is delivered at 5600-5650 yuan / ton, the delivery is delivered at 5500-5550 yuan / ton, and the negotiation is maintained at 5550-5600 yuan / ton.

No deal was reached.

The US dollar offer was maintained at US $790 / ton, and the delivery rate was maintained at US $780 / tonne, and we talked about $785.

Stock data: the exchange warehouse receipt is 5869, which is flat compared with the previous trading day, and the effective forecast is 0.

Conclusion: as the US dollar rises and worries that the US will raise interest rates earlier,

Crude oil futures fell, Asian PX prices rose slightly, MITSUBISHI 700 thousand tons of equipment restarted, domestic PTA operation rate rose to 73%, supply pressure increased; some manufacturers in November PTA contract goods quoted price 6100 to 6300 yuan / ton, PTA spot price fell slightly, trading light; polyester market market stability, polyester production and sales fell, raw material purchasing enthusiasm decline.

Technically, the PTA1501 contract has fallen, and the price has recovered after 5450 lines. The upper 5 day average line is under pressure, and the short line continues the trend of weak consolidation.

Operation, the 5450-5650 interval pactions.