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CITIC Futures: PTA Open High And Low &Nbsp; Intra Day Trading Is The Main

2010/7/13 14:57:00 32

Overnight crude oil fell below $75, rebounded slightly due to the dollar and the market is about to announce.

Retail sales

Compared with industrial output data, crude oil is still in the shock range of US $70-80 as a whole.

PTA has opened up and left low, and the 7300 front-line has not yet effectively broken through, and its position has increased slightly.

Upper reaches

raw material

In Asia, PX prices fell 7 to 831 U.S. dollars CFR Korea.

In terms of downstream polyester, there is still a slight increase in the polyester content in Jiangsu and Zhejiang provinces, and the increase in factory prices ranges from 50-100 yuan to ton.

The overall market performance of Jiangsu and Zhejiang polyester market is quiet, and the market price is maintained.

Intra day pactions are the main ones before effective breakthroughs in the 7050-7300 interval.

Supplement:

PTA spot

The main price of cash in the main market is 7050-7080 yuan / ton.

The horizontal price of cash on board cash plate: $855 / ton.

The price level of the spot cash plate is 835 USD / ton.

CCF PTA index: 1

Although the A share market continued to rebound on Monday, sales of PET polyester products on the weekend also performed well, but the PTA spot and futures ambience failed to effectively boost and the market was once again exhausted.

On the inside side, some spot traders in the morning offered a price rise of 7150-7200 yuan / ton, while a small number of buyers handed in about 7080-7100 yuan / ton, and some even higher in the vicinity of 7150 yuan / ton.

But market sentiment failed to continue, especially in the afternoon, when PTA futures fell and market confidence weakened.

Some of the offer fell back to about 7100 yuan / ton, and buyers did not offer much. A small number of counter-offer was close to 7000 yuan / ton, and the turnover level was 7050-7080 yuan / ton.

In the afternoon, the atmosphere in the outer market also weakened. The spot offer fell to $860-865 / ton, and the buyer took a look at the market. A small amount of the offer fell to about $850 / ton, and the mainstream paction started near $855 / ton.

South Korea's spot offer is near $840-845 / tonne, and the negotiations are also around the $835 / ton market. The market is mostly on the sidelines and the overall turnover is shrinking.