International Futures: Affected By The US Stock Market Rally, &Nbsp; PTA Rebound

Market Review

Overnight oil prices rose sharply, boosted by the EIA's upsurge in global oil demand forecasts.

Affected by this, today's Zhengshang Office

Two

1 by the optimistic performance of the rich bank, crude oil prices have risen sharply.

In the past two weeks, both the price of crude oil and the stock market have fallen sharply, because the gradual withdrawal of the US government from the weak stimulus and the sluggish employment data indicates a slow growth in the future.

But on the 7 day, the US stock market was boosted by the optimistic performance expectations of the bank and the trading activities of the technology industry.

The Dow Jones Industrial Average Index closed up 2.82% to 10018.28 points, recording the largest single day increase in more than a month.

The crude oil market followed the stock market trend in a quiet deal.

U.S.A

New York Mercantile Exchange NYMEX crude oil futures contract August opened on the 8 day at 74.85 U.S. dollars / barrel, and then continued to flourish.

The highest hitting $75.10 / barrel was 1.03 dollars higher than the closing price of the previous day.

The lowest price is $74.64 / barrel, which is also $0.57 higher than yesterday's closing price.

ICE Beihai Brent crude oil futures contract settlement price rose 2.9% to 73.51 US dollars in August.

The New York Mercantile Exchange's August light crude oil futures contract settlement price rose 2.09 US dollars to $74.07 a barrel, or 2.9%.

2 PX is basically flat compared with the previous day.

On the 7 day, the closing price of Asian PX was 834.50-835.50 USD / ton FOB Korea, 849.50-850.50 USD / ton CFR Taiwan, the price was unchanged from the previous day.

3 polyester chip market prices rose slightly, polyester, polyester and short market prices steady.

The price difference of the domestic export bottle market is bigger. The factory intends to ship the price at 1150 US dollars / ton FOB above the main port of China, but the purchase price is 1110-1120 US dollars / ton, the mainstream negotiable interval is 1140-1150 US dollars / ton, and there is not much actual turnover.

The price of PTA and MEG has risen slightly due to the rise of crude oil, and the market of fiber polyester has steadily increased.

Under such a background, the market for water bottles in East China is slightly better, and prices remain stable. The price of the bottle factory is more than 9300-9600 yuan / ton, and the discussion is located at 9250-9500 yuan / ton cash in factory or short distance.

Jiangsu Jiangnan short staple device started in general, the quotation is temporarily stable, and the short staple price is 9400 yuan / ton.

Stimulated by the rise of crude oil, the polyester Market in Jiangsu and Zhejiang provinces has been rising, especially in the POY market.

Now polyester POY mainstream talks about 11100-11200 yuan / ton, polyester FDY at 12100 yuan / ton, polyester DTY at 12550-12600 yuan / ton.

Three spot market observation

In the afternoon, the PTA spot market in Asia was strong, and the spot market offer was near $870 / ton. The market enquiry was at US $855 / ton, and the intention of the mainstream talks was on the high side of 855-860 US dollars / ton.

In the afternoon, the atmosphere of PTA market in East China is strong. The market holder's offer is near 7150 yuan / ton, and the buyer's enquiry is 7050 yuan / ton. The market negotiation intention is 7050-7100 yuan / ton, and the market trade atmosphere is light.

Four market comment

Overall, driven by the US stock market rally and crude oil inventories, overnight crude oil prices closed up, ending the six consecutive trading days' downtrend. PX prices were basically flat compared with the previous day.

In Asia and East China, there is a strong atmosphere on the spot market, and the price difference of polyester chip export in the lower reaches is bigger.

Technically, today's PTA main contract TA1009 high jump open, easy to break the pressure of the previous 5 day moving average, prices in the vicinity of the 10 day moving average concussion.

From the change of positions, there are many signs of the recent major flips. PTA is likely to form the bottom of the mid term when the lows are once again supported.

On the operation, it is suggested that investors should focus on short-term intra day trading.