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January 25Th Market Morning Post: In The Short Term, PTA Prices Fell.

2019/1/25 11:51:00 30

PTA Price

1. yesterday's market and Forecast:

Yesterday (January 24, 2019), the PTA futures market was weak and volatile, and the spot price was stable and small. The price of negotiation was 6340-6500 yuan / ton.

PTA at the end of January, there was the phenomenon of overhaul and restart postponed. PTA inventory increased less than expected. However, the Spring Festival approached, the terminal plant started to decline significantly, polyester began to enter the maintenance cycle, the demand for various links in the industrial chain declined, and polyester and PTA were faced with the anticipation of inventory accumulation, and PTA prices were expected to decline in the short term.

2. upstream market:

(1) crude oil: closing on January 24th: the United States may impose Venezuela's tight supply worries, but the sharp increase in US crude oil inventories has brought bad profits, and international oil prices have mixed up.

WTI53.13 rose 0.51 US dollars / barrel; Brent fell 61.09 US $0.05 / barrel.

China's SC main force rose 1903 to 0.3 yuan to 428.7 yuan / barrel.

(2) on PX:1 24, the Asian PX market closed at $1043.83 / tonne FOB Korea and 1063.5 US dollars / ton CFR China, down 11.5 US dollars / ton compared with the previous trading day.

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