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Guo Yuan Hai Qin: PTA Jump In The Air And Open Low &Nbsp; Continue Weak (11.26)

2010/11/27 13:29:00 48

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yesterday

PTA futures

The new main contract 1105 contract opened at 9632 in early trading, the highest 9640, the lowest 9256, closing 9350, compared with the 25 day settlement price fell 374 yuan, the turnover is 704106 hands, the position is 173766 hands, the day increases the warehouse -5240 hand.

Upstream: in November 25th, the New York commodity exchange (NYMEX) was closed due to the Thanksgiving holiday, and the global electronic disk trading was proceeding normally.

As of 6 London time, January light low sulfur crude oil futures contract reported 84.25 U.S. dollars / barrel, the highest intraday rise of 0.67 to 84.53 U.S. dollars / barrel.

On the 25 day, the closing price of Asian PX was 1272.50-1273.50 USD / ton (FOB Korea); 1287.50-1288.50 USD / ton (CFR Taiwan), the price was flat compared with the previous day.

On the spot side: the PTA market in East China is weak, the market enquiry is still light, and the holder's offer is near 9350 yuan / ton, and the mainstream talks commence near 9250-9300 yuan / ton.

The Asian PTA spot market is in a depressed atmosphere, which is affected by the futures going down. The buyers and sellers of the spot hold a wait-and-see attitude. A small number of Taiwan's goods are negotiated near the US $1155-1160 / ton, and the South Korean goods are negotiated near the US $1145 / tonne.

Downstream: Sinopec officially announced the November polyester chip settlement price.

Semifinished slicing

12800 yuan / ton, glossy slice 12650 yuan / ton, industrial yarn slicing 12650 yuan / ton, total extinction section 13600 yuan / ton.

The short staple market of Jiangsu and Zhejiang is weak and the buyers are wait-and-see. The quotation is basically maintained. The main market quotation is 17000-17300 yuan / ton, and the negotiation is maintained at 15300-16300 yuan / ton.

Due to the demand for rigid stocking of the weaving factories in the downstream areas of Shengze, Changshu and Taicang, the price of the polyester FDY in the Shengze area has increased by one hundred, of which 50D/48F and 75D/144F have been reported at 21600, 20000 yuan / ton; polyester DTY has risen by one to five hundred; and the price of the polyester POY has been stable.

Overall: international crude oil rose slightly, PX was flat, spot prices were low, and downstream markets remained stable, with small fluctuations.

Domestic policy is still expected to control inflation and the US dollar will be forced.

commodity market

Pressure adjustment.

Today, the PTA jumped to the air and left behind.

From the position and change of the top 20 positions in the post office, the number of holdings increased and the number of empty parties decreased, but the scope was small.

The downstream and cotton are gradually weakening, and the traditional textile season is over. The long-term trend of PTA is not optimistic.

But from the weekly K line, there is support in the vicinity of the 10 week's K-line near 9200. If the peripheral and domestic stock market stabilizes, it will rebound in the short term or hopefully.

In the short term, we should not overlook emptiness and cautiously pursue empty space.