The hottest PTA morning assessment on the 17th sho

2022-08-09
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PTA morning review on the 17th: both upstream and downstream are weak, PTA maintains weak consolidation

a company that provides users with high-quality products, complete solutions and excellent technical services under the adverse impact of adequate supply and the expected deterioration of terminal demand. Zhengzhou PTA futures broke down on the 14th, with the main 1009 contract opening at 8020 yuan/ton, the highest at 8144 yuan/ton, the lowest at 7816 yuan/ton, closing at 7820 yuan/ton, down 260 yuan or 3.22%. It is expected that the PTA market will be difficult to overcome its weakness in the short term

what to do

in the upstream market, the overall fluctuation of the market amplified the impact of concerns related to the increase of crude oil supply that has been linear, and the crude oil futures on the New York Mercantile Futures Exchange (NYMEX) fell to a three-month low close to $71 a barrel on the 14th. At present, the market has the potential to dip below the level of $70 a barrel. Affected by the weakness of the euro, the euro fell to its lowest level against the dollar on the 14th since October 2008. The settlement price of NYMEX June light and low sulfur crude oil futures contract fell $2.79 to $71.61 a barrel, the lowest settlement price since February 5, down 3.8%. The intraday low of oil price was $70.83 per barrel, more than $16 lower than the 18 month high of $87.15 per barrel hit on May 3, a decline of 19%

in terms of upstream raw materials, WTI crude oil fell 1.25 to 74.4, and Brent fell 1.09 to 80.11 US dollars/barrel; Naphtha rose $9 to $per ton CFR Japan; Heterogeneous MX fell $8 to $1/ton FOB South Korea; Asia fell $px9 to $per ton FOB South Korea, Europe fell $4 to $per ton FOB Rotterdam, and the United States fell $10 to $per ton FOB Gulf of America

in terms of downstream consumption, the polyester bottle and chip market -- affected by the sharp decline in raw materials, it is cold to buy artificial rubber, thermosetting resins and thermoplastics whose processing temperature is below 200 ℃ near the weekend. Although some sellers have not reduced their quotations, there is more room for negotiation. The bottle chip market is deserted, and it may be negotiated to leave the factory at RMB/ton in cash. Some people have heard that it is lower. Polyester short market - the price of crude oil fell overnight, and the market mentality was panic again. Although the quotation of most manufacturers remained stable today, the market transaction price was loosened, and the price of starting a family at a low price in the early stage reappeared. The mainstream transaction price in Fujian market reached 10300 yuan/ton, and the cash delivery was lower than 10200 yuan. The transaction price of mainstream delivery in Jiangsu and Zhejiang markets is 10300 yuan/ton, and cash delivery. There are few transactions in the market. Filament Market - the center of gravity of polyester filament is mostly stable, the quotation of some factories is reduced, and the overall shipment of factories is dominated, and the atmosphere in early trading is acceptable. The quotation of polyester filament in Xiaoshao area is mostly stable, and some prices are higher and slightly lower, among which the mainstream quotation of polyester POY, DTY, fdy150d in cash in Xiaoshao area is,, yuan/ton

polyester: the center of gravity of polyester filament is mostly stable, the quotation of some factories is reduced, and the overall shipment of factories is mainly. The quotation of polyester filament in Xiaoshao area is mostly stable, and some prices are higher and slightly lower; The quotation of polyester filament in Shengze, Taicang, Tongxiang is mostly stable, and the factory actually mainly ships. The quotation of most polyester staple fiber manufacturers remained stable, but the market transaction price was loosened, and the low transaction price in the early stage reappeared. The mainstream transaction price in Jiangsu and Zhejiang markets was 10300 yuan/ton, and the cash delivery price was scarce

on the whole, the economic growth of the euro zone and the UK will be slowed down by the tightening policy, and the export environment of PTA downstream terminal textile industry will be more severe. At the same time, under the pressure of RMB appreciation, the profit margin of export enterprises will be reduced, so the market is more worried about the demand side of PTA. At present, domestic PTA manufacturers, in addition to routine maintenance, basically maintain the operating load at more than 90%, and the supply in the spot market is abundant. Therefore, it is expected that the PTA market will be difficult to overcome its weakness in the short term

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