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PTA Time And Space Alternation

2010/12/23 16:15:00 44

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Affected by the overnight market rally, PTA opened slightly earlier today, but the main adjustment in the market was the fall adjustment, and all the way down, the trading volume increased significantly, and the turnover increased slightly compared with yesterday.

Recently, the strong price of raw materials and the enlargement of PET production and marketing also have certain support for PTA, but today's PX is strong.

commodity

The weakening of the downlink also means that the short-term strong will is not strong enough, but the overall upward trend remains, and the trend is more reflected in the exchange of time.

Outside: yesterday,

NYMEX

Crude oil successfully stood on the $90 mark, stimulated by rising market expectations for economic growth, and increased demand for gasoline and heating oil, cold weather in the northern hemisphere and explosion in Mexico oil pipeline also pushed oil prices further higher.

Naphtha rose 13 US dollars to 869-874 US dollars / ton CFR Japan; heterogeneous MX fell 4 US dollars to 995-996 US dollars / ton FOB Korea; PX: Asia fell 7 US dollars to 1359-1360 US dollars / ton FOB Korea; Europe rose 2 US dollars to 1298-1302 dollars / ton FOB Rotterdam; the United States was stationary at 1310-1315 US dollars / ton FOB FOB Gulf of America.

Internal market: by the overnight market influence, today's PTA opened slightly higher in the morning, but the main adjustment was to fall back, and all the way down, a sharp increase in the trading volume, a slight increase in turnover yesterday.

PTA spot: today, the PTA spot market has been smoothly adjusted, and the general atmosphere of the paction has been generally discussed. The delivery price of the cash on board cash plate in the inner market, Jiangsu and Zhejiang market is at 9600 yuan / ton or above the level. Some buyers have delivered a level of 9450-9500 yuan / ton in the Jiangsu and Zhejiang market, and the average price of the spot cash ship plate in the Jiangsu and Zhejiang market is 9520-9550 yuan (+50) yuan / ton; the external market does not offer much, and some traders have a small increase in price. The spot price is 1200 dollars / ton, the general goods are traded at 1190-1195 (+5) dollars / ton, and the Korean spot price is 1185-1195 dollars / ton, and the general spot price level is near 1180 (+5) US dollars / ton.

Polyester: Jiangsu and Zhejiang provinces

Polyester filament

Overall stability, individual POY plant rose 50-100 yuan / ton on the low side, POY, DTY150D cash 12100-12400, 13900-14200 yuan / ton, production and sales picked up significantly, most factories 100-150%, a few better 200% or more, some factories in some parts of the lower 7-8.

The quotation of direct spinning polyester and short factories was stable in the early market, and the mainstream cash was sent to the local price at 12300 yuan / ton.

Judging from the market outlook: after yesterday's late trading volume, today's price is going up and down, showing a weak trend of adjustment, but the main focus is on the reduction of trading positions. The price is still on the short term, suggesting that the overall market is still in the rising trend; and the strong price of raw materials in recent years and the increase in polyester production and marketing also form a certain support for PTA; however, today's strong commodities are weakening downward, which means that short-term strong inflation is not strong. But the overall rally is still on the basis. The trend is more reflected in the exchange of space with time, and the overall operation is still dominated by more ideas and attention to the control of positions. PX