On the 27th of the hottest day, PTA morning assess

2022-07-25
  • Detail

PTA morning review on the 27th: crude oil fell by 2% or restrained PTA's rise

purified terephthalic acid (PTA) futures on Zhengzhou Commodity Exchange increased their positions in large quantities on October 26, with a strong intraday price trend. Finally, the daily K line closed at Dayang line, breaking through the 60 day moving average. However, crude oil futures fell on Monday, which may hinder PTA's rise

pta spot market sellers have a strong desire to pull up. Driven by this, the selling price of domestic materials in the market has increased by 250 yuan/ton to 7,, 400 yuan/ton, and the mainstream negotiated price in the market is about 7350 yuan/ton, an increase of 250 yuan/ton. The external market also rose sharply. The general cargo offer rose by US $20/ton to US $860/ton. The buyer counter offered in US $per ton. The actual negotiated price was about US $850/ton. MEG market has improved significantly and there are many enquiries. The intention of internal shipment is to decide whether to buy 0 yuan/ton, and the actual negotiation transaction is about yuan/ton. In terms of external market, the mainstream negotiation reached about 730 US dollars/ton. Polyester: the price of Jiangsu and Zhejiang polyester fiber is mostly raised by about 100 yuan, and the most promising combination is the tight supply of mixed lead halide perovskite. The price of specifications is raised by 200 yuan, and the production and sales are OK. Most factories can level or slightly exceed, some factories are lower, and a few are higher by%; The polyester raw material market has a large increase in the short term, and there is still a further upward trend in the short term

in terms of crude oil, US crude oil futures fell by more than 2% on Monday, as the US dollar regained strength after earlier decline, triggering investors to sell crude oil and other bulk commodities across the board

New York Mercantile Exchange (NYMEX) - December crude oil futures clz9 closed down $1.82, or 2.26%, at $78.68 a barrel, with a trading range of 77 $58. In London, December Brent crude oil futures lcoz9 closed down $1.66, or 2.1%, at $77.26 a barrel, with a trading range of 76 Ten dollars

earlier, the oil price rose above $81, when the dollar was weak, the stock market rose, and gasoline futures rose. However, at noon, the oil price fell, erasing the increase that rose to $82 last week, the stock market fell, and the gasoline futures reversed their gains. In addition, heating oil futures also fell, as the demand for heating oil is expected to fall this week

in late trading, the US dollar expanded against the euro, as the decline in stock and commodity prices reduced risk appetite, triggering investors holding other currencies to lock in profits in the recent rally

the U.S. stock market closed lower for the second consecutive trading day on Monday, as investors sold shares of financial and housing builders, worried that the tax incentives provided by the government for home buyers would soon end, and commodity stocks were under pressure due to the strength of the US dollar

according to the Reuters survey, it is expected that last week, the US crude oil inventory increased by 140, and preheating could eliminate the cold line from entering the high-temperature engine, million barrels, and the distillate oil and gasoline inventory fell

Nigerian national oil company announced that Nigeria cut the official selling price of all its major grades of crude oil in November, because of pressure on weak refining interest rates and falling US demand

China's apparent oil demand in September rose by 12.5% year-on-year, the sixth consecutive month of growth, and recorded the fastest growth since June 2006. Due to the steady recovery of China's economy, the processing volume of refineries reached a record high. However, some analysts believe that the strong growth rate in September may have been exaggerated due to the low base of last year, which was affected by the global financial crisis at that time. China's apparent oil demand grew by only 2.3%

in terms of raw material p-xylene, the Asian market price rose by 6.5 US dollars/ton last week, FOB Korea closed at US dollars/ton, and CFR China closed at US dollars/ton. The sellers in PTA spot market have a strong desire to pull up. Driven by this, the offer price of the sellers in the domestic material market increased by 250 yuan/ton to 7,, 400 yuan/ton, and the mainstream negotiation price in the market was about 7350 yuan/ton, an increase of 250 yuan/ton. The external market also rose sharply. The general cargo offer rose by US $20/ton to US $860/ton. The buyer counter offered in US $per ton. The actual negotiated price was about US $850/ton

note: the reprinted contents are indicated with the source. The reprint is for the purpose of transmitting more information, and does not mean to agree with their views or confirm the authenticity of their contents

Copyright © 2011 JIN SHI