May 11Th PTA Daily Review: Restart Interest Rate Concerns &Nbsp; PTA Rebound Was Frustrated
Zhengzhou PTA
futures
In May 11th, it was high and low.
The main contract 1109 opened 9700 yuan / ton, closing 9590 yuan / ton, up 16 yuan / ton, turnover 819400 hands, holding 221342 hands.
Overnight crude oil rebound, PX rebound, right
PTA
The trend is improving.
But domestic CPI rose 5.3% in April, and price data remained high, triggering concerns about raising interest rates.
At present, East China's electricity shortage and RMB appreciation are unfavorable to PTA's downstream demand.
Technically, PTA adds no technical status.
cotton
OK, so the overall rebound may be limited.
The New York commercial Futures Exchange (NYMEX) June crude oil contract rose 1.33 or 1.3% on the 10 day, and the settlement price was $103.88.
CME has raised the margin of crude oil futures for fourth times since February, and the margin increased by 25%, which once suppressed the trend of crude oil.
However, gasoline futures continued to soar. Investors worried that the flooding of the Mississippi River Basin could affect the refineries in the area and curb the production of gasoline. The market is expected to reduce gasoline inventories for 12 weeks last week.
The rise of crude oil will increase the cost of chemical industry and benefit future prices.
On the data side, the National Bureau of statistics released data in May 11th. In April, consumer prices (CPI) rose by 5.3% over the same period, or 0.1 percentage points lower than in March.
In April, producer prices (PPI) of industrial producers rose by 6.8% over the same period, or 0.5 percentage points lower than in March.
The high level of CPI data will make it difficult to relax the price control measures at the policy level.
On the market side, Shengze's chemical fiber market, PTA spot prices continue to decline, MEG prices rebounded slightly, semi gloss PET chips, large gloss polyester chip prices are stable, CDP slice price consolidation, polyester bottle price trend downward.
On the market, half light section cash mainstream is in the 12300 yuan / ton, the mainstream chips are in the 12250 yuan / ton, the CDP slice Market spot paction price in 13300 yuan / ton six months acceptance, the PET bottle piece market generally delivers the paction price at 12700 yuan / ton.
Downstream, downstream purchasing demand is lighter, dealers, weaving factories, bomb companies are generally cautious.
The polyester market continues to be weak and cloudy. The wait-and-see atmosphere is strong, and the purchasing volume of downstream weaving enterprises is not large. The production rate of polyester products is difficult to rise, and the inventory pressure of some varieties remains high.
Shengze has been spinning big factory half light FDY continues to drop 100-300 yuan / ton.
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