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State Yuan Hai Qin: The Upper Reaches Of The Strong Drive &Nbsp; PTA Substantially Increased

2010/12/25 10:39:00 18

State Yuan Hai Qin PTA Futures Main Upstream

today

PTA futures main force

The contract 1105 contract opened at 10076 in early trading, the highest 10306, the lowest 10012, closing 10302, 23 yuan higher than the 23 settlement price 314 yuan, turnover 961956 hands, holding positions 271336 hand, day increase warehouse 56822 hand.

Upper reaches

Aspect: 23, consumer confidence continued to increase to the highest level in 6 months, and international oil prices instantly rebounded 1.1%, refreshing the highest price in nearly 27 months.

New York commodity futures exchange, Texas light oil February 2011 futures settlement price of 91.51 U.S. dollars per barrel, 1.03 dollars higher than the previous trading day, trading range 90.33-91.63 US dollars; London intercontinental Brent crude oil futures clearing price in February 2011, 94.25 US dollars per barrel, compared with the previous trading day rose 0.60 dollars, the trading range 93.28-94.54 US dollars.

On the 23 day, the closing price of Asian PX was 1368.00-1369.00 USD / ton (FOB Korea); 1386.00-1387.00 USD / ton (CFR Taiwan), the price fell by US $1 compared with the previous day.

On the spot side: the PTA market in East China continued to rise, the holder's offer rose to 9700 yuan / ton, and the buyer actively sought goods, and the mainstream negotiation was near 9600-9650 yuan / ton.

Asian PTA spot market continued to rise, the market offers a rare offer, most traders do not report, the Taiwan cargo talks in the vicinity of 1210 U.S. dollars / ton, Korean goods negotiations in the vicinity of 1190 U.S. dollars / ton, the market atmosphere is good.

Sinopec, Xiang Lu petrochemical, Yisheng petrochemical PTA settlement in December issued 9600 yuan / ton, down 300 yuan compared to November settlement.

Downstream: today, polyester chips continue to maintain shocks, some factory quotes slightly increased, the actual focus of market pactions basically maintained, the volume of performance in general.

The semi - light slice of the Jiangsu and Zhejiang markets is generally reported to be 11350-11550 yuan / tonne in cash or in March. The actual market paction is in the vicinity of 11250-11350 yuan / tonne of cash.

The market of Jiangsu and Zhejiang is stable. The main market quotation is 12000-12800 yuan / ton, and the focus of discussion is near 12000-12200 yuan / ton. The market trading atmosphere is still on the waiting list, and the actual volume is scarce.

In Jiangsu and Zhejiang, polyester is mainly stable, and polyester is strongly supported by upstream raw materials in the short term. There is a general rise of 100 yuan. Most factories can barely make a flat or slightly higher level. Some of them are higher than 200% or above, and some factories in some parts of the market are lower than 6-7.

Overall: international crude oil has substantially increased, PX is basically flat, spot PTA continues to rise, and the downstream market steadily rises.

Today, after PTA opened high, the shock increased, breaking through the top 10100 pressure levels, and the afternoon volume increased rapidly, with a strong gain of 10302.

From the position and change of the top 20 positions in the post office, the overall length of the two sides increased, and the increase in the number of holdings was slightly larger.

The upstream support is good, and the downstream market is steadily rising.

Shock slightly strong thinking, short line participation in rebounding, should not be too high catch up, concerned about the pressure above 10500.