1. Crude oil review

The price of New York crude oil futures fell 1.76% to 85.77 dollars, while the Brent crude oil price fell 1.46% to 90.05 dollars.

Oil prices continued to fall, and after the inventory data released by EIA became empty, mainstream funds of the market again pushed the price down. The reason is that some agencies are not expecting good demand and the supply will continue to be surplus.

Since the fall of oil prices in July, it has continued to decline for about three months or more than 20%, but the market has not stopped. The oil price has fallen below the low point of 2012. If it continues, it will bring about structural market changes.

Two, macro economy

Chinese official releases PMI data for September

China's related agencies announced the PMI data for manufacturing in September, 51.1, unchanged from last month.

It shows that China's official confidence in manufacturing is still adequate, but the downward pressure on the index is obvious and needs more macro policy support.

At present, the real estate industry has signs of loosening. If it can be released, it will play a short-term stimulating effect.

Three. Industry dynamics

PX prices fell 5 US dollars to 1135 U.S. dollars / ton FOB Korea, the market generally traded.

PX prices follow the trend of crude oil down, the overall decline has been larger, there may be a rebound in the short term, but whether or not it will continue to stabilize depends on the trend of crude oil. At present, the impact of falling crude oil on PX prices has become a major factor.

PTA spot prices continue to go down

The spot price of PTA fell by 100 yuan to 6090 yuan / ton, and the price of the external market decreased by 10 US dollars to 850 US dollars / ton.

At present, the operating rate of PTA is 68%, flat.

But the overall level is still low.

The overall price of polyester is generally stable.

The downstream polyester market climate dropped, prices fell, semifinished PET chips price 8850 yuan / ton, the price fell 100 yuan / ton, bottle grade polyester chip price 8900 yuan / ton, the price fell 150 yuan / ton.

Polyester filament market atmosphere is general, the price is low, DTY150D price clinch a deal interval in 10300-10500 yuan / ton, the price drops 100-200 yuan / ton.

POY150D price range of 9400-9500 yuan / ton, the price fell 100-200 yuan / ton; FDY150D price range of 9800-9900 yuan / ton, the price fell 100-200 yuan / ton; filament market atmosphere is general, most factory production and sales 5-6, higher in 8.

Short silk price paction interval in 9350-9450 yuan / ton, the price fell 150-150 yuan / ton, general turnover.

Judging from the price performance, the main contract closed at 5616 yuan / ton, down 172 yuan / ton, or 2.97%, the volume enlarged, and the increase in positions increased by 80 thousand.

Five. Comprehensive comment

PTA price continued to fall, the paction enlarged.

Weak spot market performance, PX continues to follow crude oil down, polyester trading is scarce, and prices have a big decline.

PTA factory suffered a large loss, but still maintained 68% of the level of start-up, the stock market in general, adequate supply.

Judging from the disk, the price has been broken down for a long time, and there has been no signs of stopping in the short term, but the position has increased significantly, indicating that the gap between the two sides has increased, and investors are advised to operate in a blank way.