PTA morning assessment of the hottest 21 days crud

2022-08-07
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PTA morning review on July 21: the high crude oil price led to PTA or high-level shock

on July 20, Zhengzhou PTA futures contract maintained consolidation shock. The main 909 contract opened at 7260 yuan/ton in the morning, quickly went down to the bottom and then quickly rose. After that, the shock fell back, showing a sharp wave dynamic. The price fluctuation range of the day was between 7214 yuan/ton and 7266 yuan/ton. The closing price of 7232 yuan/ton was slightly 6 points lower than the settlement price on July 17, a decrease of 0.08%. The trading volume and position decreased at the same time, with a total of 160976 transactions and positions decreased by 9818 to 137022

from the perspective of purchasing, the US crude oil futures closed up after a day of volatile trading on Monday. The weak US dollar and the rise of the stock market reflected the optimism for the economy, which made the oil price continue to rise; Supported by this positive news, it is expected that Zhengzhou PTA is expected to fluctuate at a high level in the short term

in terms of crude oil, crude oil futures on the New York Mercantile Exchange (NYMEX) closed slightly higher on the 20th. The improvement of the U.S. economic outlook has boosted the crude oil and oil market currently in a state of oversupply. The settlement price of NYMEX light and low sulfur crude oil for August delivery rose 42 cents, or 0.7%, to $63.98 a barrel. August crude oil futures contract will expire on the 21st, and most of the trading on the 20th will focus on September crude oil futures. The settlement price of crude oil futures contract in September rose by 71 cents to US $65.29 per barrel for the engine operated by the electromechanical control mechanical components of the tensile testing machine of Jinan experimental machine factory. The settlement price of Brent crude oil futures contract on ICE Futures Exchange rose $1.06, or 1.6%, to $66.44 a barrel. The settlement price of August rbob gasoline futures delivered in recent months rose by 1.95 cents, or 1.1%, to $1.7894 per gallon. The settlement price of heating oil futures in August rose 4.84 cents, or 3%, to $1.6894 per gallon

in the stock market, the US stock market closed higher on the 20th, and investors responded positively to the performance of listed companies. Caterpillar Inc. rose because analysts upgraded its rating, Hasbro's share price rose after it reported profits, and Bank of America fell. The Dow Jones Industrial Average closed up 104.21 points, or 1.19%, to 8848.15. This was the sixth consecutive trading day for the Dow to close higher, the longest consecutive rise in two years. The Nasdaq composite index rose 22.68 points, or 1.20%, to 1909.29. This is the ninth consecutive trading day that the Nasdaq composite index closed higher, the longest consecutive rise since july1998. 4. our company provided free training for equipment operators and maintenance personnel on operation essentials, maintenance knowledge and mechanical and electrical principles. The S & P 500 index closed up 10.75 points, or 1.14%, to 951.13 points. The index hit a new closing high in 2009

raw material p-xylene continued to rise on Friday. The Asian market price rose by 5.5 US dollars/ton to 1.043 US dollars/ton FOB Korea, and the European market price stabilized at US dollars/ton FOB Rotterdam

pta spot market remains strong, the seller's offer price in East China domestic material market is stable at 7300 yuan/ton, and the mainstream negotiation price in the market is still concentrated between 7, 250 yuan/ton. There was a strong wait-and-see atmosphere in the external market. The active offers of the sellers were scarce. The offer price was around 870 US dollars/ton. The mainstream negotiation price was stable between US dollars/ton. The actual transaction was still small. This week (July 20-24), East China polyester raw material Traders Association announced that the PTA price was 7200 yuan/ton, which was the same as the price last week (July 13-17) according to experts' estimates

on the whole, the higher prices of upstream crude oil and raw material p-xylene continue to benefit the PTA Market in terms of cost. However, the expectation that the supply of raw materials will increase in the future due to the commissioning of new PX units in Asia still puts pressure on the prices in the later period, and there are many factors affecting the international oil price. I am afraid that the future market shock will intensify. Therefore, the cost pulling effect of the above factors on the PTA market has weakened, and the PTA market is expected to maintain a shock consolidation trend in the near future

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