Downstream Weakness Is Still &Nbsp; PTA Shock Adjustment.
Today's PTA1201 contract intraday ups and downs, early opening slightly opened at 8702 points, opened sharply after a sharp jump, the diving range of 170 points, to today's lowest 8616 points, once again rebounded to high, early morning showed a sharp shock, closed at 8726 points, today's morning positions increased 18264 to 343544 hands, yesterday's volume fell slightly to 1 million 800 thousand hands.
On Wednesday, New York crude oil futures fell 2.97 U.S. dollars in December, closing 90.20 U.S. dollars / barrel; Brent futures in December fell 2.01 U.S. dollars to close at 108.91 U.S. dollars / barrel.
OPEC recently released a basket of oil prices in October 24th for 109.11 U.S. dollars / barrel.
In October 26th, PX in Asia basically stabilized at $1530 / ton FOB Korea, and European PX basically stabilized at $1462 / tonne FOB in Rotterdam. In the spot market, PTA in the internal market fell 50 yuan to 8950 yuan / ton, and the external market PTA fell 5 US dollars to 1160 US dollars / ton.
The market of PTA and MEG shows the trend of adjustment, and the price is slightly downward, and buyers' intentions are not good.
On the whole, the US Department of energy's Energy Information Administration (EIA) released crude oil as of October 21st.
Stock
Presentation.
The report shows that US crude oil inventories increased by 4 million 700 thousand barrels this week, exceeding analysts' expectations.
Crude oil reversed the previous three trading day's continuous rally.
downstream
Polyester filament
Prices still fell slightly, but the range was easing compared with the previous few days. The total volume of textile terminal orders remained soft, and buyers' shrinkage, wait-and-see and price reduction operations increased.
Technically, the PTA1201 price and the KD line deviated. After the strong rebound of PTA, the PTA fluctuated above the previous support line. The recent intraday wave amplitude was relatively large and the trend was not obvious.
The above views are for reference only, not as market participants.
paction
Basis.
Futures are risky and investment must be prudent.
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