The hottest technical support is effective, PTA co

  • Detail

Technical support was effective, PTA fluctuated higher (6.29--7.03)

although the upstream crude oil price fluctuated and fell, due to the effective technical support, Zhengzhou PTA futures fluctuated and rose last week (June 29 to July 3). The main 0909 contract opened 6870 on Monday and closed 7010 on Friday, up 140 points, with 1.831 million transactions and 3606 positions. Technically, after the starting price broke through the average suppression on Tuesday, the daily average system was in a positive long arrangement, and subsequent transactions, for example, were running above the average support

nymex crude oil futures fell violently this week and closed on Friday. The August contract closed at $66.99/barrel, down more than $4/barrel

px prices rose last week, with Asian PX up $10 to $995 FOB South Korea and European PX up $5 to $FOB Rotterdam

pta spot rose sharply last week, and the China National fiber price index PTA rose 230 points to 7180 on Friday

in terms of the quotation of petrochemical manufacturers, Xianglu Petrochemical announced that the listing price of PTA contract goods in July was 7100 yuan/ton. Sinopec's intended price for PTA listing in July 2009 was 7100 yuan/ton, down 500 yuan/ton from the listing in June. At present, it has not been officially announced. Sinopec has raised the price of ethylene glycol (MEG) in June and lowered the prices of purified terephthalic acid (PTA) and paraxylene (PX). Sinopec has raised the MEG price in June by 450 yuan/ton to 4950 yuan/ton (DEL), mainly due to tight market supply. At the same time, the company reduced the PTA price in June by 500 yuan/ton to 7100 yuan/ton (DEL), and the PX price also decreased accordingly. The settlement price of petrochemical MEG contract in June was 4950 yuan/ton (equivalent to the import price of 587 US dollars/ton), which was 450 yuan/ton higher than the settlement price in May

in terms of PTA spot supply, in June, some units of Ningbo Taihua chemical, Yisheng Dalian and Hualian Sanxin were successively started after short-term maintenance, and the PTA operation load showed obvious signs of rising. It is foreseeable that the degree of PTA supply tension will begin to ease after entering may to June. Recently, PTA spot demand has gradually decreased, but the overall social inventory of PTA market is still at a low level

According to the analysis report recently released by the General Administration of customs, under the influence of the international financial crisis, China's textile and clothing industry has been seriously impacted, and exports have fallen sharply. And showing an increasing trend. Although textile and clothing exports have shown a trend of stabilization and recovery in the past two months, the risk of trade friction has increased, which is worthy of attention. A recent survey of 200 large textile export enterprises conducted by China Textile chamber of Commerce showed that in the first half of this year, the export orders of these enterprises all fell by 20 and rose by US $0.041/ton (15180000 tons); South Africa to China 18.5 (1) 9.5 dollars/ton (15 (1) 80000 tons); Iran to China 24 (2) 5 U.S. dollars/ton (2 (3) 10000 tons)%-30%, China's textile and clothing exports will still face. When the cement strength test is carried out, the ambient temperature is required to be (17 ~ 25) degrees Celsius, which requires the mechanics room to take certain temperature control measures, especially in winter and summer, facing the severe challenge of insufficient external demand. At the same time, international trade protection is constantly upgrading, and the growth of China's textile and clothing exports is more difficult

according to the seasonal law, month is the traditional off-season of the textile industry. At the same time, China's textile and clothing exports in May decreased by 1.5% month on month, and fell by 14.75% year-on-year. The export environment has not improved, exacerbating the plight of the domestic textile industry. The data shows that the export volume of polyester chips in May was 66800 tons, compared with 95500 tons in May last year; The export volume of polyester staple fiber in May was 33400 tons, compared with 38900 tons in May last year; The export volume of polyester filament in May was 34800 tons, compared with 69000 tons in May last year. 80% of our textiles are exported. From the above data, we can find that exports have not improved, and domestic demand can not digest these inventories. At present, the domestic downstream polyester operating rate is maintained at more than 70%, while PTA's takeover index stays under the equilibrium state of 2.5 for most of the time

in general, PTA, as the core of the industrial chain, is difficult to be optimistic due to the increase of upstream production capacity and the downturn of downstream consumption. Recently, the domestic PTA operating rate has maintained a high level, and remained above 80% for most of June. However, in the near future, driven by the higher upstream PX price and the admission of funds, PTA futures may maintain a rebound pattern

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

Copyright © 2011 JIN SHI