May 26Th PTA Early Comment: Negative Factors Superimposed &Nbsp; PTA Weak Callback

Due to the unclear trend of international oil prices, the 25 day Zhengzhou PTA futures contract fell sharply, the main contract 1009 opened 7486, the intraday price shock strengthened, the highest 7506, the lowest 7308, afternoon price small shocks weakened, finally closed at 7322, compared with the 24 day settlement price fell 214 points, the disk, downstream polyester and polyester market stock is more, the market price center of gravity continues to move downward.

In the case of oversupply, it is difficult for the PTA market to predict weaknesses in the short term.

Technically, PTA's main contract TA1009 is at its lowest level in the new year, which was again suppressed by the short price. The price was running under the 5 day moving average. The afternoon price dropped rapidly, and volume and position increased significantly.

On the operation, it is suggested that investors can maintain short-term shocks to the side of the gap, and operate within days, and stop stops near 7250.

The fundamentals of the PTA market remain weak.

Domestic PTA producers are lucrative, Sinopec Tianjin Petrochemical 340 thousand tons / year production facility and Xiamen Xiang Lu 1 million 650 thousand tons / year production facility and other operating rates basically remain at 90%. Jiarong Petrochemical is located in Fujian Shishi 600 thousand tons / year of new installed in May 11th, parking repair, has been driving, the recent operation rate will reach 80%, Yisheng Dalian Petrochemical 1 million 500 thousand tons / year PTA device maintenance for a week, is expected to be restarted this weekend (May 29th).

PTA spot market supply is still plentiful.

On the 24 day, the closing price of Asian PX was 906.00-907.00 USD / tonne FOB Korea, 924.00-925.00 USD / ton CFR Taiwan, the price rose by 10 US dollars compared with the previous day.

In June, the Asian PX contract price was issued, Japan Petroleum Company was 1000 US dollars / ton CFR, and its success was 1020 US dollars / ton CFR.

Exxon Mobil Corp price has not yet been released.

The market of polyester chip is stable. The market of polyester, polyester and short is low. The export prices of domestic water bottles are mainly stable. The factory quotes are mainly located at 1250-1260 US dollars / ton FOB China's main port, which can be negotiated at 1230-1240 US dollars / ton FOB China's main port.

The price of Korean bottles is near $1260 / ton FOB.

The stalemate in the PTA and MEG markets is stable. Buyers and sellers are waiting for the contract settlement price to come out.

Affected by the above factors, today's East China water bottle film market inertia fell, factory quotes in the range of 10000-10300 yuan / ton, the mainstream talks in 9900-10100 yuan / ton cash out of the factory range, poor quality 9800 yuan / ton factory, general turnover.

The market prices of Jiangsu and Zhejiang staple fibers have been lower, and the manufacturers' quotations have been cut down by 200-300 yuan / ton. At present, the main market quotation is 9800-10000 yuan / ton, and the actual negotiation is 9600-9750 yuan / ton.

Market buying is depressed and trading is dull.

The market of polyester and silk in Jiangsu and Zhejiang provinces is still dropping, and some high priced manufacturers have a certain price to make up or down, with a range of 100-200 yuan / ton.

Now polyester POY mainstream talks about 10350-10400 yuan / ton, polyester FDY at 11600 yuan / ton, polyester DTY at 12050 yuan / ton nearby.