PX Continued To Fall PTA Pressure Drop

P: News: 1 and August 13th Asian PX quotations fell 41.5 US dollars to 1355 US dollars / ton FOB Korea and 1378 US dollars / ton CFR Taiwan / China.

2, China National Offshore Oil Corporation (CNOOC) plans to close its 900 thousand tons / year PX plant in Huizhou for maintenance for 40-45 days in October.

3, three lane Helen Petrochemical 1 million 200 thousand tons PTA device is currently running normally, manufacturers of goods for more use, < a href= "http://? Www.sjfzxm.com/news/index_c.asp" > production and marketing < /a > relatively stable.

In addition, the 1 million 500 thousand tonnes of new capacity plans are being driven ahead of schedule, and the new capacity is expected to be released by the end of August in -9.

< /p >

< p > > a href= "http://? Www.sjfzxm.com/news/index_c.asp" > spot price < /a >: East China < a href= "http:// www.sjfzxm.com/news/index_c.asp" > PTA > www.sjfzxm.com/news/index_c.asp > market quotation is delivered at 7550 yuan, the delivery is within 7500 yuan / ton and within the vicinity, business negotiations maintain at 7500-7530 yuan / ton to nearby, the US gold plate quoted price is 1035-1040 US dollars / ton, the delivery rate is 1015-1020 US dollars / ton, the negotiation is maintained at 1020 US dollars / ton nearby, it is only limited.

< /p >

< p > stock data: the exchange warehouse receipt is 1826, which is flat compared with the previous trading day, and the effective forecast is 200.

< /p >

< p > point of view: the US crude oil inventories unexpectedly increased last week, but the finished oil depots dropped more than expected. The international crude oil prices rose. The price of Asian PX dropped sharply, due to the impact of India's new PX production capacity earlier than expected. The domestic PTA operating rate dropped to about 58%, and the PTA repair device increased in August, the spot price of PTA fell slightly, and the market paction was limited.

< /p >

< p > technology, PTA1501 contract fell, the price of the 6870 line support after a rebound, the upper 5 day test line pressure, short-term continuation of high and volatile trend.

Operation, the 6850-7050 interval pactions.

< /p >

< p > related links: < /p >

< p > in recent years, domestic cotton market has been a policy city, and this year is no exception.

Unlike in the past, this year's direct subsidy policy has always been in a "difficult labor" state. At the beginning of the year, the policy of abolition of the purchase and storage policy was changed to a direct subsidy policy.

Earlier departments released the news again, announced the announcement of the policy of direct subsidy at the end of July, and the market looked forward to it, but the result was still nothing.

< /p >

< p > recently, the total amount of direct subsidy has been limited. The market worried that the cotton price would go down too much, and the government would provide the bottom. This has been like a shot in the market for the Zheng cotton market, which has been in a low position. The price of the disk will immediately rebound strongly.

As we all know, the impact of national policy on Zheng cotton is very large, but at present, the policy of direct subsidy has not been released yet, and the market speculation is diverse.

For the "dystocia" direct subsidy rules, we only have to continue to wait patiently.

< /p >

< p > there is no suspense about the fundamentals of cotton market at present. However, the policy aspect is complicated and confusing. This is also a theme that can be hyped up in the near future.

Under the background of global oversupply of cotton and high domestic inventories, Zheng cotton has limited space to go up.

For the 1501 main contract of Zheng cotton, it is safer to sell short.

At present, the differences between the two sides are larger and larger, and the operation can take advantage of the situation. The high position of the early stage can continue to be held. If there is a critical support to increase the position, it will still be a good opportunity to empty the list.

< /p >