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East Asian Futures: Short High Block, PTA Slowdown

2011/8/23 18:55:00 28

Futures High PTA Rises Slow Down

PTA1201 today

Ups and downs

In early trading, the market opened slightly higher than 10100, and after a slight rise in the opening market, it was heavily blocked by around 10120 o'clock. The rise was blocked, to the 10042 lowest point in the intraday low.

rebound

At the end of the day, it closed at 10116 points, and today's holdings increased by 75392 to 526690. Yesterday's trading volume remained at 2 million hands.

Deal

Active.


On the upstream side, New York crude oil futures rose 1.86 US dollars in September, closing 84.12 US dollars / barrel; Brent futures in October fell 0.26 US dollars to close at 108.36 US dollars / barrel in September.

OPEC released the latest 08 months on 19, a basket of oil prices reported 103.36 U. S. dollars / barrel.

It fell by 2.06 dollars compared with 18 on 08.

August 23rd PX external disk

index

It rose by 15 dollars to 1655 dollars per ton.

On the spot side, today's external PTA is stable at 1275 US dollars / ton, and the PTA price in the internal market is stable at US $9750 / ton.

There is still a price increase in the polyester Market in Jiangsu and Zhejiang, which is more obvious than that in FDY; POY, DTY

Gradual stabilization


In a word, the situation in Libya prompted investors to switch from Brent crude oil futures in Beihai to buying light crude oil futures in New York, thereby pushing the former price down and increasing the price of crude oil in New York. Today, it is reported that the 1 million tonne PX plant of Urumqi petrochemical company has been scheduled to overhaul and maintain at least 20 days. Until then, the device has maintained the operation load of 40-50%.

PX prices remain high because of supply and demand problems, and costs continue to support PTA.

Technically, PTA1201 is still rising in the channel, but the rate of increase has eased slightly compared with the previous few days, suggesting that the early stage will continue to hold.


 

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