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Hai Qin Futures: Rumor Shadow Did Not Return &Nbsp; PTA Narrow Range Consolidation

2010/9/11 14:24:00 52

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PTA

The futures contract for the new main contract 1101 opened at 7864 in early trading, the highest 7900, the lowest 7830, closing 7856, compared with the 9 day settlement price fell 30 yuan, the turnover was 509116 hands, the Japanese increased -11490 positions, the position was 251656 hands.

Upper reaches

Aspects: inventory data released, 9 European and American crude oil prices down, New York commercial futures exchange October western Dezhou light crude oil futures fell 0.42 U.S. dollars, at 74.25 U.S. dollars / barrel, London intercontinental Brent crude oil futures October futures 77.47 U.S. dollars / barrel, down 0.70 U.S. dollars.

On the 9 day, the closing price of Asian PX was 960.25-961.25 USD / ton (FOB Korea); 975.25-976.25 USD / ton (CFR Taiwan), the price rose by US $3 compared with the previous day.

Goods in stock

Aspects: the PTA market in East China is stable, with a small market in the vicinity of 7450 yuan / ton, and the buyer's enquiry is mild in the market, and the mainstream talks start near 7400 yuan / ton, and the market is scarce.

The PTA spot market in Asia is relatively stable, with a small offer of $910 / ton for Taiwan products and a slight increase in market enquiries. The market's negotiating price is near $900-905 / ton, with a firm offer.

Downstream: Jiangsu and Zhejiang semi gloss slice Market performance is robust, some high-quality semi gloss chips 9400 yuan / ton in March acceptance, part of the quotation has not yet been clearly promulgated, factory supply is not much, mentality is generally good, mainstream talks temporarily for 9200-9250 yuan / ton cash or 9300-9350 yuan / ton acceptance.

The market of polyester staple fiber in East China is good. The market price of polyester staple fiber is 9850-10000 yuan / ton, and the focus is 9750-9850 yuan / ton. The market atmosphere is good, and the overall turnover is not large.

Jiangsu and Zhejiang polyester market generally rose, or 100-200 yuan / ton, the trading atmosphere is acceptable.

Now polyester POY mainstream talks about 10900-11000 yuan / ton, polyester FDY at 11550 yuan / ton, polyester DTY at 12500 yuan / ton nearby.

Overall: international crude oil fell slightly, PX rose slightly, spot stabilized, and the downstream market steadily rose.

Today, the low position is narrowing and the volume is shrinking.

Zhou Ke line upward trend maintained.

From the post office 20 positions change volume, the two sides reduce the number of parties, a substantial reduction.

In view of the slight change in fundamentals and the steady market in the downstream market, PTA can still hold many ideas in the late stage, buy at bargain prices, pay attention to the trend of domestic stock market and set up stop loss position.