05.07PTA Weekly Market News
After May 1, PTA
Quotation
The performance is relatively flat, the price of the internal market has mostly declined slightly, and the price of the external market has also dropped.
At present, the spot price and paction price are 7950-8000 yuan / ton and 7900-7950 yuan / ton respectively, which is 100 yuan / ton lower than a week ago, and the general quotation and paction price are 980 dollars / ton and 965-970 US dollars / ton respectively, which is 15 dollars lower than before the festival.
Generally speaking, after the holidays, the upper and lower reaches have basically maintained a wait-and-see attitude, and the suppliers are not eager to make a move, and the buyers are not eager to procure.
PTA this week
Quotation
There are mainly several reasons for this: first, after the May 1, the international crude oil prices have fallen continuously, which has led us to the opposite.
market
Confidence in the market was frustrated. PTA suppliers did not have sufficient reasons to maintain prices, while downstream polyester manufacturers also lowered their counter-offer.
The two is that futures continue to go down, implying PTA.
market
The price is slightly downward, the buyer's intention is low and the price is low. Three, the downstream polyester manufacturers have already purchased a certain quantity before the festival.
raw material
At the same time, the main interest of polyester manufacturers in the contract goods, the interest in spot is obviously not high, and the purchase of traders has also decreased, so it has led to the opening of this week.
market
The deal was flat.
It should be said that the reduction in procurement volume is this week.
Quotation
The impact is indeed relatively large.
Although crude oil as a weathervane is showing a low performance in recent years, at present, the stock of polyester factories is not large, and the operating rate is generally high. The demand for PTA will gradually increase.
We expect PTA
Quotation
It will still maintain a concussion and upward trend. Even if faced with adjustment, the space will be relatively small.
Editor in chief: Han Lijun
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