Can PTA Price Go Down To Bottom Again And Take Off?

Last Friday evening, crude oil futures prices rose, New York crude oil price rose 0.38% to 45.27 U.S. dollars / barrel, Brent crude oil price rose 0.13% to 45.28 U.S. dollars / barrel.

Analysts at PVM, a London oil brokerage company, said that despite the rise in oil prices this year, global crude oil inventories still increased by 1 million 950 thousand barrels per day. The Canadian fire continued to spread, with analysts predicting that it could cause losses in Canadian barrels of crude oil per day / day. Chevrolet's oil drilling platform in Nigeria was attacked by militants, resulting in a decline in its output.

In addition, last week, the number of oil drilling platforms in the United States decreased by four.

Most of the above information has led to a rebound in oil prices, but is constrained by the impact of the sell-off, and oil prices have dropped somewhat, suggesting investors stay on the sidelines.

According to the United States

The figures released last week showed that the number of jobless claims increased unexpectedly to 274 thousand in the United States last week, the highest in a year, but has been below 300 thousand for 61 consecutive weeks, indicating that the US labor market has maintained strong growth momentum.

PX prices fell 9 US dollars to 774 U.S. dollars / ton FOB Korea, the market generally traded, oil prices down, short term

The short-term pressure on prices is greater.

The spot price of PTA is flat at 4750 yuan / ton, and the output of the external market is flat at 625 US dollars / ton, which is generally traded.

At present, the operating rate of PTA is 72% and stable.

Downstream polyester market atmosphere is still stable, price stability is the main, half light.

The price is 6025 yuan / ton, the price is flat; the bottle grade polyester chip price is 6140 yuan / ton, the price is flat.

Polyester filament market atmosphere is better, prices are stable, DTY150D price interval of 8350-8550 yuan / ton, the price is flat.

The price range of POY150D is 6700-6900 yuan / ton, the price is flat; the price range of FDY150D is 7100-7350 yuan / ton, the price is flat, the market atmosphere of filaments is better, most factories produce and sell 100%, the higher is 200%.

Short silk price paction interval in 6950-7100 yuan / ton, the price rose 50-50 yuan / ton, generally traded.

Judging from the price performance, the contract closed at 1609 yuan at 4774 yuan / ton, the price fell 76 yuan, or 1.57%, the volume was shrinking, and the position was reduced by 23 thousand.

The price will go down and the volume will be enlarged.

The price price continued to decline, which was mainly beset by the whole market environment. The black group's collective downfall has depressed the popularity of many investors and investors have been selling off, accumulative PTA, the main contract has fallen to the central position of the early stage platform, the support will be stronger and stronger, and the spot will fall into the off-season, and the consumption of both upstream and downstream will be light. Therefore, the price will not rebound obviously, but from the whole year, the price will still go up after the adjustment of a deep fall, and short term investors can be short handled, and the long line is still too much.