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February 15Th Market Morning Post: Short Term Ethylene Glycol Continues Weak Market

2019/2/15 20:07:00 78

Yesterday (February 14, 2019), China Eastern wharf stock continued to rise, suppress the market continued weak market, East China spot mainstream traded at 5025 yuan / ton.

Next week, port to port more tired inventory pressure still exists, and downstream purchasing mentality recovery slowly, related products PTA continued to decline to suppress market mentality, short-term ethylene glycol continued weak market.

Varieties	product	February 13th	February 14th	Ups and downs	Range	Company
crude oil	WTI	Fifty-three point nine	Fifty-four point four one	+0.51	+0.95%	USD / barrel
crude oil	BRENT	Sixty-three point six one	Sixty-four point five seven	+0.96	+1.51%	USD / barrel
PX	CFR China	One thousand and ninety-three point six seven	One thousand one hundred and one point eight three	+8.16	+0.75%	US dollar / ton
PTA	East China spot	Six thousand five hundred and seventy-five	Six thousand four hundred and sixty	-115	-1.75%	Yuan / ton
PTA	CFR China	Eight hundred and fifty-five	Eight hundred and forty-five	-10	-1.17%	US dollar / ton
MEG	East China spot	Five thousand and fifty-five	Five thousand and twenty-five	-30	-0.59%	Yuan / ton
MEG	CFR China	Six hundred and twenty-three	Six hundred and twelve	-11	-1.77%	US dollar / ton
EG futures	One thousand nine hundred and six	Five thousand one hundred and eighty-four	Five thousand one hundred and sixty-four	-20	-0.39%	Yuan / ton
	One thousand nine hundred and nine	Five thousand two hundred and forty-seven	Five thousand two hundred and thirty-eight	-9	-0.17%	Yuan / ton
	EG06-09	-63	-74	-11	-17.46%	Yuan / ton
	Basis	-129	-139	-10	-7.75%	Yuan / ton
Mainstream reservoir area	delivering amount	Five thousand five hundred and fifty	Seven thousand three hundred and sixty	+1810	+32.61%	ton
Section	Half light	Seven thousand nine hundred and fifty	Seven thousand nine hundred and fifty	Zero	0%	Yuan / ton
filament	POY150D/48F	Eight thousand four hundred and fifty	Eight thousand four hundred and fifty	Zero	0%	Yuan / ton
	FDY150D/96F	Nine thousand five hundred and fifty	Nine thousand five hundred and fifty	Zero	0%	Yuan / ton
	DTY150D/48F	Ten thousand three hundred and fifty	Ten thousand three hundred and fifty	Zero	0%	Yuan / ton
Spun	1.4D direct spinning	Eight thousand eight hundred and fifty	Eight thousand eight hundred and fifty	Zero	0%	Yuan / ton
Bottle flake	East China market	Eight thousand and three hundred	Eight thousand and three hundred	Zero	0%	Yuan / ton
Polyester production and marketing	Polyester filament	Twenty	Twenty			%
	Spun	10-30	10-50			%
	Section	10-30	0-20			%
Focus News	1, the Fed chairman: the downside risk has been significantly improved, and the scale should end before the end of this year. 2, the retail data is bleak, Trump will declare a state of emergency, and the S & P and Dow are down. 3, the US retail sales in December were far weaker than expected, the biggest decline in more than nine years. 4, the GDP growth rate in the euro area continued to hit a four year low, and Germany managed to shake off the recession. 5, China's exports rebounded sharply in January, import growth accelerated, soybean imports increased by nearly 30%, natural gas imports recorded a new record, and China's trade surplus with the US narrowed.




prediction	1, China's fiscal, credit and monetary data in January will be released from time to time. 2, China will announce CPI and PPI in January. 3, the US industrial output in January and the initial consumer confidence index of University of Michigan in February will be released in the evening.
prediction