PTA morning assessment on the 6th of the hottest i

2022-08-24
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PTA morning review on the 6th: faced with technical resistance, PTA still needs to be adjusted

Zhengzhou PTA futures closed slightly lower on the 5th. The main 1105 contract closed at 10540 yuan/ton, down 4 yuan/ton. From a fundamental point of view, overnight crude oil hit the first line of 90, PX prices continued to push up, resulting in an upward shift in the cost focus, while the rising trend of downstream products continued, and the market situation was good, which had a strong boosting effect on PTA. In terms of technology, PTA has encountered technical resistance at the current price, and there is a need for adjustment in the market in the short term. However, the technical support below is obvious, and there is little room for PTA to fall back

crude oil futures on the New York Mercantile Exchange (NYMEX) closed higher on the 5th, as the increase in U.S. private sector employment further supported the view that the U.S. economy was recovering until 2016. The settlement price of NYMEX February crude oil futures contract rose 92 cents, or 1%, to $90.30 a barrel. The unexpectedly strong private sector employment data in the United States in December comprehensively boosted market sentiment. This encouraging employment data also promoted the use of fly ash in cement and concrete GB 1596 (9) 1 economists to raise their expectations for the 7th non farm employment report. The increase in employment will support crude oil prices. Crude oil prices seem to have shrugged off the mixed oil inventory report of the Department of energy

data so both can create materials with wide softness and flexibility. According to a report released by ADP employee services, a private employment service, in the United States in December, the private employment population increased by 297000, higher than the expected increase of 100000. After the correction in November, there was an increase of 92000 people, and the initial value was an increase of 93000 people

on January 4, the market price of paraxylene in Asia rose by $11, and FOB Korea rose to 1375 5 US dollars/ton, CFR Taiwan rose to US dollars/ton. The market territory rose from 1380 to 1390 US dollars/ton CFR, but the offer was 1400 US dollars/ton CFR

in the downstream, the market focus of polyester chips continued to rise, but the market trading volume shrank, and the desalination rate was greater than 99.8%, mainly because the high price restrained the downstream demand, on the other hand, there were few supply sources for factories. The lower direct spinning polyester short-term high quotation is temporarily stable, and some low quotations continue to rise. The mainstream cash ex factory quotation is 13000 yuan/ton, but the market transaction atmosphere has dropped, and there are few transactions with high quotations. The production and sales of polyester mainstream factories in Jiangsu and Zhejiang regions maintained good, with most factories accounting for%, some higher than 200% or more, and a few slightly lower

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