February 1St Market Morning Post: PTA Price High Volatility
Yesterday (January 31, 2019), crude oil continued to rise, causing domestic chemical futures to keep up, PTA futures market high volatility, spot prices also rose slightly, the market negotiated price of 6500-6610 yuan / ton.
Today's OPEC1 month cut production effect is remarkable, but the prospect of Sino US trade consultation is not clear, international oil prices are mixed, PX prices are still rising trend, continue to support PTA prices.
But the downstream is affected by the Spring Festival holiday, the market performance is dull, production and marketing is weak, prices are mainly stable, and PTA prices are expected to be high and volatile in the short term.
| industry | product | Area / unit | Previous price | Current price | Ups and downs | Ups and downs |
| crude oil | WTI | USD / barrel | Fifty-four point two three | Fifty-three point seven nine | -0.44 | -0.81% |
| BRENT | USD / barrel | Sixty-one point six five | Sixty-one point eight nine | +0.24 | +0.39% | |
| polyester | PX | CFR China (US $/ ton) | One thousand and seventy-three | One thousand and eighty-seven | +14 | +1.30% |
| PTA | Inner East China | Six thousand and five hundred | Six thousand five hundred and forty-five | +45 | +0.69% | |
| MEG | Inside Zhangjiagang | Five thousand and thirty-five | Five thousand and ninety | +55 | +1.09% | |
| Polyester filament | POY150D/48F | Eight thousand four hundred and fifty | Eight thousand four hundred and fifty | Zero | 0% | |
| FDY150D/96F | Nine thousand five hundred and fifty | Nine thousand five hundred and fifty | Zero | 0% | ||
| DTY150D/48F | Ten thousand three hundred and fifty | Ten thousand three hundred and fifty | Zero | 0% | ||
| Spun | 1.4D direct spinning | Eight thousand and eight hundred | Eight thousand and eight hundred | Zero | 0% | |
| Section | Semi optical section | Seven thousand and nine hundred | Seven thousand and nine hundred | Zero | 0% | |
| Bright section | Seven thousand and nine hundred | Seven thousand and nine hundred | Zero | 0% | ||
| Bottle flake | East China polyester bottle | Eight thousand and three hundred | Eight thousand and three hundred | Zero | 0% | |
| Focus News | 1, the US stock market started 1987 to be best in January, the NASDAQ rose nearly 1.4% on a single day, and the offshore renminbi hit a new high in July last year. | |||||
| 2, Amazon's year-end shopping season has been successful, but its profit growth engine has slowed down, its performance guidelines have been growing at a low level, and its share price has fallen by over 5% after its concussion. | ||||||
| 3, the GDP growth rate in the euro area has reached a new low of four years, and Italy is in a technical recession. | ||||||
| 4, China's official manufacturing PMI in January was higher than expected, but it was still below the withered line for second months in a row. | ||||||
| 5, the SFC will issue a new deal. QFII and RQFII will combine into one, expand investment scope and relax access conditions. | ||||||
| prediction | In the morning, China's PMI will be announced in January. | |||||
| The US non farm employment report January and the ISM manufacturing index will be released in the evening. | ||||||
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January 31St Market Morning Post: Short Term Ethylene Glycol Continued Weak Shock Pattern
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January 31St Market Morning Post: In The Short Term, PTA Market Price Consolidation.
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