China Financial Futures: Long And Continuous &Nbsp; 7900 Line PTA Oscillation Repeatedly
The main oil pipeline is about to resume operation and rekindled the world's largest.
Oil consuming countries
- the US oversupply worries. Overnight NYMEX crude oil futures fell for third consecutive trading days, and crude oil futures settled down 1.45 US dollars or 1.91% in October, at $74.57 a barrel, with an intra day trading range of US $74.11-75.99.
The price of oil was hard to stop, and PTA opened slightly lower on Friday. The opening of the main contract TA101 was at 7868. The initial trading atmosphere was generally low and the market shock was weak.
The stock market was encouraged by the rise of the stock index, strong and high, and after a short period of touch up to 7920 highs in the day, it stopped rising and fell, and the final trading was stable. The end result was 7892.
Overnight, the global PX spot market was dominated by stability. At the close of the session, Asian PX rose 1.5 US dollars to 969-970 US dollars / ton FOB Korea and 984-985 US dollars / ton CFR Taiwan; the US PX was flat at 994.5-999.5 US dollar / ton FOB Gulf of America.
Asia
PTA spot
The market atmosphere is strong, Taiwan's source of goods is quoted at 915-920 US dollars / ton, the purchase is slightly wait-and-see, the negotiation is less than 910 US dollars / ton shipment intention is not big; the Korean product source quoted 900 US dollars / ton, and discussed 895 US dollars / ton.
The East China PTA spot market is basically stable, the offer to 7550 yuan / ton or above, the merchant low shipment intention is not big, the paction talks about 7500 yuan / ton or partial, the market is scarce.
Imported ethylene glycol
Spot market
The market is good and the atmosphere is acceptable.
The main stream of cargo talks in the $800-805 / ton, sellers reluctant to sell, not much.
The market for ethylene glycol in East China is strong and the negotiation atmosphere is deadlocked.
The price of the shipment is 6600 yuan / ton, and the inquiry is still around 6550 yuan / ton. The main single round talks about the 6550 yuan / ton level, and the small list is about 6570-6580 yuan / ton.
Sellers do not sell at low prices.
In the Jiangsu and Zhejiang provinces, the semi light section market is generally flat. The factory quotes are mostly maintained at 9400 yuan / ton cash or 9500 yuan / ton in March, but Cheng Dui still has some sources of goods. The manufacturers have raised the offer to 9600 yuan / ton (Cheng Dui), and the mainstream has talked about 9350-9500 yuan / ton.
The polyester Market in Jiangsu and Zhejiang provinces is still on the rise.
Among them, the POY center of gravity tends to be stable, and the mainstream enterprises choose Ping Bao to talk about 11100-11250 yuan / ton; FDY part of the manufacturers quotes slightly increased 100-200 to 11750 yuan / ton; the mainstream DTY paction is in the range of 12650-12750 yuan / ton.
East China polyester staple fiber market continued to rise, the market quoted price of 10400-10800 yuan / ton, the focus of the paction is near 10350-10450 yuan / ton, buyers have strong intention to receive goods, and the volume of pactions increased.
A few days ago, the domestic PTA mainstream spot market paction remained stalemate. Before the end of the month settlement price, buyers preferred to leave the field and wait for a while.
However, before the advent of the double festival, there are still a small number of filling positions in weaving and bomb factories. With this favorable support, the production and marketing of polyester and polyester products in Jiangsu and Zhejiang continue to be good, most of them can be flat or slightly super.
Disk shows that the pre holiday price lacks clear guidelines, the two sides continue to see the gap, the differences continue to increase, the 7900 front-line days of repeated competition.
To sum up, the proportion of pre holiday margin and the part of investors' pre - reduction or delisting will avoid the risk of the uncertainty of the external fluctuations during the holiday season. PTA will not be able to have a larger unilateral market before the festival, and the 7900 pass oscillation will continue.
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