PMI Value May Continue To Lower PTA Down

First, the crude oil price of the crude oil market is down again, the crude oil price in New York will be 2.05% to 53.61 US dollars, and the Brent crude oil price will be 2.64% to 57.88 US dollars.

Oil prices are down again, as the market for

The worries are still increasing, and the US index has reached a new high, and oil prices have been forced to go down sharply, creating a new low point since the reorganization. The oil price is still likely to drop to $50.

Two.

The domestic PMI value in December may continue to decline. According to some forecasters, the official purchasing managers' index PMI in December will be reduced to 50.1, a low of 18 months. This analysis is made by some banks. If so, it indicates that the domestic economy is still at a low growth rate.

Three. Industry dynamics

The market bottomed out, and the PX market rose 20 yuan to 836 U.S. dollars / ton FOB Korea.

The PX market continues to fall with the crude oil exploration. If crude oil can turn stronger, the PX market will rebound rapidly.

PTA spot market stability, PTA spot price is flat at 4525 yuan / ton; the output of the external platform is flat at 630 US dollars / ton, the turnover is ordinary.

At present, the operating rate of PTA is 76% and stable.

Polyester market stability is the main market, the downstream polyester market atmosphere is ordinary, the market is flat, semi gloss polyester chip market is 8850 yuan / ton, the market is stable, the bottle grade polyester chip market is 8750 yuan / ton, the market is stable.

Polyester filament market atmosphere is ordinary, market is flat, DTY150D market turnover area in 10200-10500 yuan / ton, the market is stable.

POY150D market paction area in 10600-10700 yuan / ton, the market is flat yuan / ton; FDY150D market turnover area in 11700-11800 yuan / ton, the market is stable; filament market atmosphere is ordinary, most factories produce and sell 6-7, and the higher is 100%.

Short silk market paction area in 8900-9000 yuan / ton, the market is flat, common deal.

Four, the period price performance from the performance of the period price, the main contract closed at 4834 yuan / ton, up 36 yuan / ton, the increase was 0.75%, volume enlarged, position increased 57 thousand hand.

Five, a comprehensive review of the PTA price once again hit bottom rebound, the amount can be magnified.

The spot market performance is ordinary, the PX quotation is small, the PTA market has hit bottom rebound, but the intensity is limited, the PTA production plant still maintains at the higher starting level, will bring certain pressure to the downstream plate.

Polyester sales have improved, but the market is still in a weak trend. The uplink of the cotton market is conducive to the increase in polyester demand.

Judging from the disk, the price hit bottom again, the four consecutive days of a positive line, strong resistance, the prospect is likely to stabilize.