February 13Th Market Morning Post: PTA Futures Price Volatility Strong, Spot Prices Keep Up With The Rise
Yesterday (February 12, 2019), PTA futures prices were strong, and spot prices kept rising. The price was 6690-6730 yuan / tonne during the whole day, and PTA storage during the Spring Festival. In the late stage, with the restart of maintenance devices, PTA inventory will become an upward trend.
Today, crude oil prices will continue to cut production as a result of Saudi Arabia, and increase market confidence, leading to higher crude oil prices. The cost side PX price will continue to rise, and continue to support PTA prices. PTA price shocks are expected to be strong in the short term.
| industry | product | Area / unit | Previous price | Current price | Ups and downs | Ups and downs |
| crude oil | WTI | USD / barrel | Fifty-two point four one | Fifty-three point one | +0.69 | +1.32% |
| BRENT | USD / barrel | Sixty-one point five one | Sixty-two point four two | +0.91 | +1.48% | |
| polyester | PX | CFR China (US $/ ton) | One thousand one hundred and five | One thousand one hundred and nine | +4 | +0.36% |
| PTA | Inner East China | Six thousand six hundred and fifty | Six thousand and seven hundred | +50 | +0.75% | |
| MEG | Inside Zhangjiagang | Five thousand one hundred and ten | Five thousand one hundred and five | -5 | -0.10% | |
| 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 eight hundred and fifty | Eight thousand eight hundred and fifty | 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 government is expected to avoid a halt, the Dow rose nearly 400 points, the US dollar and the US debt fell, and the offshore renminbi rose 275 points over the end of Monday's New York session, and the headlines rose more than 19%. | |||||
| 2, crude oil futures rose 3%; OPEC production in January is the largest in two years, but demand is expected to warn the global economy. | ||||||
| 3, Federal Reserve Chairman Powell: no one feels that the risk of the US recession is high. | ||||||
| 4, after six months, the Bank of Japan once again reduced the amount of treasury bonds, a five year low. | ||||||
| 5, Ministry of Commerce: consumption growth rate may further slow down in 2019. | ||||||
| prediction | 1, the Fed fed George spoke on the US economy in the morning. | |||||
| 2, the IEA will announce the monthly report of the crude oil market in the afternoon, and will announce the CPI and PPI in January. | ||||||
| 3, the US CPI will be released in the evening, and the Fed's non voting Committee, Mr., will address the economic outlook and monetary policy. | ||||||
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PTA Before The Festival Climbs Steadily, Can The Market After The Festival Be Ready?
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