Market Sentiment Is Less Than &Nbsp; PTA Weak Shocks.
Market review:
On Tuesday, PTA (8278,50.00,0.61%) rose slightly after opening, but remained in a state of turbulence throughout the day.
The main force 1205 opened in 8202, the highest 8256 in the day, the lowest 8172, ending at 8226, the average daily.
fall
30 yuan / ton.
Intra day trading continued to shrink to 417500, holding 5792 to 324756.
Downstream market:
In the Jiangsu and Zhejiang provinces, the overall quality of polyester products has been stable, and a small number of factories have been making moderate concessions.
In the mainstream factories in Jiangsu and Zhejiang, the production and sale of polyester are generally 6-8, and the factories in Xiaoshao are 75%, 65%, 75%, 70%, 80%, 70%, and some factories in Shengze, Taicang, Wuxi, Zhangjiagang and Ningbo are 80%, 60%, 70%, 90%, 90% and 90%.
Most of the quotations of direct spinning polyester and short factories rose, mainly due to the low stock of polyester staple mills, while the downstream textile enterprises mostly maintained normal production replenishment.
Today, the business atmosphere is still good, most of the production and sales rate exceeds 100, but slightly lighter than yesterday.
Comprehensive comment:
Today, PTA remains narrow.
Shock
The atmosphere of market trading continued to slide.
Today's downstream polyester polyester market is also dominated by stability, and the PTA fundamentals remain quiet, especially at the end of the year. The market funds are tight overall, which limits the stocking of downstream enterprises. In addition, new year's holiday is approaching, followed by the Spring Festival holiday. Therefore, the downstream operating rate will gradually decrease after the new year's Eve, and the rigid demand will be weakened.
Under such expectations, downstream demand will continue to remain weak. Even if there is moderate stock after the holiday, PTA prices are expected to be limited. Therefore, caution should be taken in the possible rebound after the festival.
PTA experienced pressure drop on the 60 day moving average, and now there is a 20 day moving average below the average.
brace
The MACD and RSI indicators are stable without directional signals, and PTA will continue to shake.
- Related reading
Low Inventory Drives &Nbsp; Today (12.28) The Price Of Polyester In Jiangsu And Zhejiang Market Has Increased Sporadically.
|Competition And Upgrading, Multi Pattern, Online Shopping, Opening Up A New World Of Clothing Brand
|- NOTICE | Twelve Years In The Spring And Autumn Period, The Future Of Empowerment.
- Departmental notices | Customs Tariff Commission Of The State Council Released The First Batch Of First Excluded List Of Tariffs For Us And Canada.
- Fashion posters | ISSEY MIYAKE ME 2019 "WRINKLE KNIT" Knitted Series Will Be On Sale Soon.
- News Republic | 2019 Beijing Fashion Week Closed Successfully
- brand building | Yuhang: Garment Industry Technician Elite Talent Database Started
- Expo News | The Seventh Brazil St Paul GOTEX International Textile And Apparel Procurement Exhibition Is About To Sail.
- Shoe Market | Adidas Harden Vol.4 Shoes New Pure Color Series Color Release, Four Colors To Choose From.
- Fashion brand | UNIQLO 2019 "HYBRID DOWN PARKA" Composite Coat Series Will Be Launched At The End Of The Month.
- Fashion shoes | SUICOKE X Aim E Leon Dore Brand New Joint Series Shoes Will Be On Shelves Soon.
- I want to break the news. | CPFM X Nike Joint Air Force 1 Shoes Exposure, Looks Like Big Air?
- The Epitome Of China's Manufacturing Transformation
- Borrow Electricity Supplier To Enter The US Market &Nbsp; Lose &Nbsp In China; Lining'S "Sea" Winning Geometry.
- Anhui Anqing Cotton Enterprises To Store And Actively Store &Nbsp; Look Forward To Close Storage.
- Media Focus: Police Seized Many Cases Of Arrears Of Wages In Shoe Market
- China'S Cotton Spinning Equipment Market Stabilizes In 2011
- 20 Thousand And 110 Major Concerns Affect Industry Nerves
- Zhejiang Garment Industry Association Set Up Designer Branch
- Sales Of Textile Machinery: Rain In The East And Rain In The West
- Guangzhou Spot Checks Footwear Qualified Rate Of 78.6%
- "Cotton Fabric Low Temperature Bleaching Technology Achievement" On-Site Promotion Will Be Held.