On October 15, PTA made an early assessment on dow

2022-08-01
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PTA early evaluation on October 15: downstream demand drove PTA to maintain a strong position

Zhengzhou PTA futures fluctuated at a high level on October 14. The main 1101 contract closed at 8800 yuan/ton, up 0.82%. The sharp rise of cotton promotes the demand for chemical fiber, and the sales volume of polyester increases. Crude oil stood above $80 and PX stopped falling and rebounded. The demand for rising costs was driven. The loose expectation of liquidity was still strong, and PTA still had room to rise. At present, the downstream demand is good, the inventory remains low, and the price transmission is relatively smooth. Due to the growing fear of heights among investors, the central bank has increased the deposit reserve ratio of six banks. Affected by this, it is expected that the futures price will remain more volatile

crude oil futures on the New York Mercantile Exchange (NYMEX) reversed their early gains on the 14th, and the settlement price fell because the government report showed that the demand for oil products in the United States fell to the lowest level in the past year. The settlement price of November light sweet crude oil futures on the New York Mercantile Exchange fell 32 cents, or 0.4%, to $82.69 a barrel; The intraday contract hit a high of US $84.12 per barrel to support the skin and achieve better tightening effect. The weakness of the US dollar had pushed crude oil futures higher in early trading, but the data released by the energy information agency under the US Department of energy restrained the rise of crude oil. Data showed that crude oil inventories fell by 400000 barrels in the week of October 8, which surprised analysts who had expected crude oil inventories to increase. However, other data showed that the US demand for oil products fell to the lowest level since November 2009. At the same time, the organization of Petroleum Exporting Countries (OPEC) once again decided to maintain its production policy. This decision is in line with the general market expectations

13, Asian PX rose $43 to $1190 per ton, equivalent to the PTA cost of 7503 yuan/ton. PTA mainstream transactions in Jiangsu and Zhejiang rose by 35 yuan to 8420 yuan/ton. The operating rate of PTA device is greatly reduced to 8 and then at a constant speed. Therefore, whether its size control can play a very important role in terms of printing quality and printing speed within appropriate limits? Start the tensile testing machine by 0%, and the downstream polyester operating rate remains stable at 83%

in terms of spot goods, the atmosphere of spot goods in PTA was stable, and the focus of quotation and negotiation was slightly higher than that on Wednesday afternoon. The price quoted by the general high-quality sellers is close to 8500 yuan/ton, the general buyers offer to 8400 yuan/ton or slightly higher, and the mainstream transaction is temporarily carried out around 8450 yuan/ton. In the morning, the price of PTA outer plate spot goods was still strong. The price of Taiwan produced spot goods was about 1060 US dollars/ton, the transaction negotiation of shipping spot goods was around us dollars/ton, and the negotiation of bonded goods was about 1055 US dollars/ton. The spot part of Korean products was offered in USD/T, and the mainstream transaction was carried out around USD 1035/T

in the downstream, the production and sales of Jiangsu and Zhejiang polyester fibers fell moderately, with a large percentage, a small percentage and a small percentage; Give priority to short-term stability, and give preferential promotions to unsalable varieties. The market divergence gradually increased, in which the price of some POY factories decreased by yuan/ton, the sales decreased, and the overall transaction in the morning was average. New orders received for several days in a row were average, and the early quotation of direct spinning polyester short factories was slightly cautious. Except for the rise of some factories, most of the market quotations were stable at yuan/ton, and the market trading volume was still average

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