Market Analysis: PTA Fell Slightly To Maintain Concussion Trend

< p > the world is < a target= "_blank" href= "//www.sjfzxm.com/" > clothing < /a > a target= "_blank" href= "_blank".

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< p > < strong > internal disk: < /strong > < /p >

< p > Monday PTA main contract slightly opened 16 yuan, after a short rush after the concussion.

Closed at 7360 yuan / ton, down 36 yuan.

The main contract 1409 contract volume reduced 203 thousand hands, 1501 contract volume reduced 197 thousand hands, positions to distant month shift, 1409 contract reduced 32 thousand hand.

Far 1501 contract 9 thousand additional hands.

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< p > < strong > crude oil outer plate: < /strong > < /p >

P crude oil futures continued a downward trend on Friday, following the decline in the stock market, and expected that the closure of a major refinery in the United States would suppress the demand for commercial crude oil.

Brandt crude also fell to a low point for several months, due to oversupply and weak demand in the Atlantic basin, which has worried the tension in the political situation in the Middle East, North Africa and Ukraine.

NYMEX crude oil futures fell $0.29 or 0.3% in September, and the settlement price was quoted at $97.88 a barrel.

ICE Brent's September crude oil futures fell $1.18, or 1.1%, at $104.84 a barrel.

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< p > < strong > upstream dynamic: < /strong > < /p >

< p > upstream PX quotation: the demand for terminal terephthalic acid terminal is weak. On Friday, Asia's p-xylene < a href= "//www.sjfzxm.com/news/index_s.asp" > market < /a > fell 13.50 US dollars / ton to US $1369.50 / ton FOB, Korea and US $1391.50 / ton CFR Taiwan / Mainland China on the previous trading day.

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< p > < strong > domestic stock: < /strong > /p >

< p > > PTA futures opened at a low level in the morning, with high concussion and consolidation in the US dollar market. As the price difference between the buyers and the sellers was obvious, the trading atmosphere was slightly dull. Asian PTA Taiwan and South Korea's bonded offer was estimated at $1010-1015 / ton, with a delivery rate of around $1000 / ton, and the estimated price was in the vicinity of $1005 / ton.

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< p > overnight PX continued to fall, early PTA futures opened lower and higher, higher volatility in the intraday market, strong price in the spot market, but not many delivery, buyers mostly wait-and-see, East China PTA spot offer at 7600 yuan / ton, sporadic delivery of 7500 yuan / ton or slightly higher, negotiating the value of 7550 yuan / ton position.

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< p > < strong > downstream polyester: < /strong > < /p >

< p > today, the market of polyester and silk in Jiangsu and Zhejiang is stable.

Weekend, some manufacturers offer a reduction of 100-200 yuan / ton.

At present, POY150/48 mainstream reported 9800-10000 yuan / ton cash, FDY150/96 mainstream reported 10200-10400 yuan / ton cash, DTY150/48 mainstream reported 11400-11600 yuan / ton cash.

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< p > today, the market of raw materials is limited, the market atmosphere of short fiber is still not good, and the intention of receiving goods from downstream inquiry is not strong enough. Most of them wait and see. The price quoted by 1.4D in Jiangsu and Zhejiang area is 9750-9850 yuan / ton.

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< p > < strong > Technical Analysis: < /strong > < /p >

< p > PTA1409 contract closed on the shadow line, the price shock dropped.

The line of the daily line is flat, and the brin passageway is parallel.

In the EMA system, the EMA gradually concentrates.

Technically, PTA has become a trend of concussion.

On the 30 minute K-line chart, PTA opened near the middle track and oscillate along the mid track within days.

The middle track slowly descended, and the brin passageway slowly contracted.

The MACD index is near the 0 value of the fast and slow line.

Intra day shocks are down.

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< p > < strong > summary: < /strong > < /p >.

< p > crude oil futures fell on Friday.

Today, < a href= "//www.sjfzxm.com/news/index_c.asp" > PTA < /a > concussion.

The volume of pactions has been greatly reduced and the positions have been reduced overall.

On the technical side, the middle track of the daily line is flat, and the 30 minutes slow down.

The fundamentals of the market are interlaced, and the trend of the latter is stronger.

It is recommended to try a small number of documents and pay attention to the support of mid track.

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