PTA Futures Continue To Shock Trend Shrink Finishing

Disk situation: Zhengzhou

1701 the contract opened at 4806 yuan / ton, closing at 4796 yuan / ton, up 20 yuan / ton compared with the previous trading day, or 0.42%.

Volume fell to 629 thousand and 800 hands, holdings increased by 33 thousand and 400 to 1 million 568 thousand and 900 hands.

News: 1, 25, Asian PX price fell 0.5 US dollars, reported at 788.5 U.S. dollars / ton FOB Korea and 809.5 US dollars / ton CFR China.

2, Japan's September PX ACP advocated price implementation of $850 / ton CFR, up $75 up from ACP in August.

Spot price:

The PTA market offer remained unchanged at 4610 yuan from the reference point. The intention to maintain the market was maintained at 4580-4590 yuan, and the market negotiation remained unchanged at 4590-4600 yuan, with a real single paction of 4606 yuan.

The PTA market offer for us $610-635 / ton one day tour was held near us $600-605 / ton, and it remained close to US $605-610.

Stock data: 125867 warehouse receipts, 1714 fewer than the previous trading day, and 1592 valid forecasts.

Summary of the views: Iran oil long confirmed that participants were expected to increase market freeze production, international crude oil futures rose and Asian PX quotations fell slightly, according to the processing fee of 500 yuan / ton, the dynamic cost was about 4600-4710 yuan / ton.

Domestic PTA utilization rate is around 65%, some PTA devices are starting to stop, and the total capacity of downstream pet parking will reach more than 8 million tons, which is higher than expected, PTA spot.

Weak shocks, relatively light trading.

The polyester market has been sideways, and the polyester plant's production and production scope has continued to expand.

Technically, PTA1701 contract shrink finishing, price test 4700 first line support, the upper 10 day line pressure, short-term trend of concussion.

Operation, short-term 4700-4850 interval pactions.