The mid-term trend of PTA of the hottest suwu futu

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Su Wu Futures: the medium-term trend of PTA is still difficult to be optimistic (06.24)

today, Zhengzhou PTA fluctuated narrowly, the closing price of the main contract ta0909 rose 22 to 6802, and the position decreased by 8292 to 160330 hands. The wait-and-see mentality in the spot market was strong, and the medium fiber PTA price index fell 70 to 6930 yuan/ton

in terms of international crude oil, 1. Jinan gold test fall test machine is a mechanical equipment with impact. Due to the weakness of the US dollar and the market's attention to inventory data, the settlement price of crude oil futures in NYMEX August rose by $1.74 or 2.58% to $69.24 a barrel, with a daily trading range of 66 68 dollars. Excluding seasonal factors, there is no significant rebound in oil demand at present. Moreover, oil price changes and economic trends are a dynamic and mutually restrictive organism. As is generally known, the international oil price will not have a basis for a sharp rise in the coming months, unless speculative factors and emergencies occur. It is expected that the oil price should be strongly supported at $60 per barrel in the near future, and it is more likely that the oil price will fluctuate around $per barrel in the next two to three months

on June 23, the mainstream price of naphtha in CFR Japan fell by 22 to 576 US dollars/ton, the mainstream price of MX in FOB Korea fell by 4 to 786 US dollars/ton, and the mainstream price of PX in FOB Korea fell by 3 to 980 US dollars/ton. The price difference between MX and PX is 194 US dollars/ton, which is basically close to the normal range of US dollars/ton. The price fluctuation of PX in the later stage will depend on the trend of crude oil price and the release rate of new PX capacity. In addition, Fujia Dahua PX aromatics project was officially put into operation on the 21st, and the 700000 ton PX unit of Fujian Refining and Chemical Co., Ltd. is expected to start up in July

in terms of production, the startup rate of domestic PTA plants continued to rise sharply by 6 percentage points to 88% on Tuesday, up 17 percentage points from last Monday, and their production still has a certain profit margin. According to the CFR China/Taiwan LC day spot price of PX on Tuesday, the production cost of PTA is only about 6530 yuan/ton, and the production profit is huge. The idle capacity of PTA continues to become a sword hanging high in the PTA market. In addition, recently, many manufacturers have reduced the PTA contract quotation in June, which shows that the major suppliers are still cautious about the late PTA market

in the downstream, the market of Jiangsu and Zhejiang polyester products continued to fall today, and manufacturers' willingness to ship increased. Yesterday, the operating rate of domestic polyester factories fell by 0.7 percentage points to 75.2%, the operating rate of Jiangsu and Zhejiang looms remained at 64%, the inventory of polyester products began to rise, and the enthusiasm for PTA continued to decline. From the three indicators of fixed asset investment, export and domestic sales, the current domestic tortuous experiment - the experimental method to test the performance of materials under the load of simply supported beams, the form of the textile industry is still not optimistic, and the domestic demand for clothing in the second half of the year is worrying. Unless major economies such as the European Union and the United States stop falling and recover, it will be difficult for China's textile industry to get out of the trough

technically, ta909 closed below the 5, 20 and 40 day average, and MACD and RSI indicators were stuck

on the whole, policy support and the overall stability of oil prices continue to provide support for the PTA market, but downstream demand is weak, polyester product inventory began to rise, PX new capacity is still to be released, and the medium-term trend of PTA is still difficult to be optimistic

in terms of operation, continue to maintain the idea of rebound short selling. Pay attention to the changes in downstream demand, the trend of oil prices, the pandemic of influenza A (H1N1) and the trend of mobilized working capital

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