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February 13Th Market Morning Post: PTA Futures Price Volatility Strong, Spot Prices Keep Up With The Rise

2019/2/13 10:23:00 74

Quotations PTA Futures Prices PTA Spot Prices

Yesterday (February 12, 2019), PTA futures prices were strong, and spot prices kept rising. The price was 6690-6730 yuan / tonne during the whole day, and PTA storage during the Spring Festival. In the late stage, with the restart of maintenance devices, PTA inventory will become an upward trend.

Today, crude oil prices will continue to cut production as a result of Saudi Arabia, and increase market confidence, leading to higher crude oil prices. The cost side PX price will continue to rise, and continue to support PTA prices. PTA price shocks are expected to be strong in the short term.

industry	product	Area / unit	Previous price	Current price	Ups and downs	Ups and downs
crude oil	WTI	USD / barrel	Fifty-two point four one	Fifty-three point one	+0.69	+1.32%
crude oil	BRENT	USD / barrel	Sixty-one point five one	Sixty-two point four two	+0.91	+1.48%
polyester	PX	CFR China (US $/ ton)	One thousand one hundred and five	One thousand one hundred and nine	+4	+0.36%
	PTA	Inner East China	Six thousand six hundred and fifty	Six thousand and seven hundred	+50	+0.75%
	MEG	Inside Zhangjiagang	Five thousand one hundred and ten	Five thousand one hundred and five	-5	-0.10%
	Polyester filament	POY150D/48F	Eight thousand four hundred and fifty	Eight thousand four hundred and fifty	Zero	0%
		FDY150D/96F	Nine thousand five hundred and fifty	Nine thousand five hundred and fifty	Zero	0%
		DTY150D/48F	Ten thousand three hundred and fifty	Ten thousand three hundred and fifty	Zero	0%
	Spun	1.4D direct spinning	Eight thousand eight hundred and fifty	Eight thousand eight hundred and fifty	Zero	0%
	Section	Semi optical section	Seven thousand and nine hundred	Seven thousand and nine hundred	Zero	0%
	Section	Bright section	Seven thousand and nine hundred	Seven thousand and nine hundred	Zero	0%
	Bottle flake	East China polyester bottle	Eight thousand and three hundred	Eight thousand and three hundred	Zero	0%
Focus News	1, the US government is expected to avoid a halt, the Dow rose nearly 400 points, the US dollar and the US debt fell, and the offshore renminbi rose 275 points over the end of Monday's New York session, and the headlines rose more than 19%.
	2, crude oil futures rose 3%; OPEC production in January is the largest in two years, but demand is expected to warn the global economy.
	3, Federal Reserve Chairman Powell: no one feels that the risk of the US recession is high.
	4, after six months, the Bank of Japan once again reduced the amount of treasury bonds, a five year low.
	5, Ministry of Commerce: consumption growth rate may further slow down in 2019.
prediction	1, the Fed fed George spoke on the US economy in the morning.
	2, the IEA will announce the monthly report of the crude oil market in the afternoon, and will announce the CPI and PPI in January.
	3, the US CPI will be released in the evening, and the Fed's non voting Committee, Mr., will address the economic outlook and monetary policy.