The hottest PTA early evaluation lacks strong supp

2022-08-26
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PTA early review: lack of strong support for PTA or shock

Zhengzhou PTA futures rebounded on the 3rd. The main 1109 contract closed at 10314 yuan/ton, up 102 yuan/ton. During the May Day holiday, the market did not raise interest rates, and the space for commodity decline was limited. At present, the downstream filament sales situation continues to maintain good, and the enterprise maintains excellent. 3) the cross-sectional stress is very uneven, and the promotion is favored. Due to the lack of strong support from upstream and downstream, PTA has rebounded, but its sustainability is not optimistic. At present, PTA's main 1109 contract is under pressure above 10300 points, and 10000 points play a strong supporting role. Crude oil fell sharply overnight, and American cotton rose. It is expected that the short-term PTA will remain volatile

crude oil futures on the New York Mercantile Exchange (NYMEX) closed sharply on the 3rd, falling sharply against relevant technical parameters, following the trend of futures of futures banks and other commodities. NYMEX light and low sulfur crude oil futures in June fell $2.47, or 2.2%, to $111.05 a barrel, the lowest closing price since April 19. Oil prices plummeted in late trading, and some market participants believed that the sharp fall in silver futures was the driving factor behind the sudden fall in oil prices. At the same time, the strength of the US dollar is also one of the reasons for the pressure on the crude oil market

Intercontinental Exchange (ice) cotton closed higher on the 3rd. Analysts said that the six major 100 billion yuan emerging industrial areas in the U.S. Delta, including petrochemicals and new materials, will be partially formed by 2020. Flooding has triggered investor buying, and Texas drought will provide support for cotton. The ACP (Asian contract price) of Asian PX suppliers in May was set at US $1605/ton CFR Asia, a decrease of US $85/ton from US $1690/ton settled in April

in terms of spot goods, the atmosphere in the PTA spot market in the inner market is quiet, and the focus of transaction has risen slightly. The mainstream quotation in the Jiangsu and Zhejiang markets is yuan/ton, and the transaction price is around yuan/ton. Some buyers counter offer at yuan/ton [host] adopts horizontal structure. In terms of external market, the spot transaction price of Taiwan made cargo is generally maintained at around 1335 US dollars/ton; Generally, the spot transaction price of Korean ships is maintained at around 1330 US dollars/ton

in the downstream, the spot price of semi-finished slices in Jiangsu and Zhejiang markets is generally yuan/ton, and the cash is about 12900 yuan/ton. The actual negotiation transaction level is yuan/ton, cash or March acceptance level. Far east direct spinning polyester staple fiber semi gloss 1.4d*38mm Zhejiang cash delivery quotation 13830 yuan/ton, cash delivery quotation 13910 yuan/ton outside Zhejiang Province; Jiangyin Huahong direct spinning and Sanfangxiang direct spinning polyester short cash delivered outside the province with a quotation of 13750 yuan/ton

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