From a PTA perspective, yesterday (20 days) domestic PTA futures market prices rose, the spot market price in 4802 yuan / ton, compared with the previous day rose 2.30%, an increase of 3.40%. The futures market day trading, the main futures (1701) to 4904 yuan / ton, compared with the previous trading day up 102 yuan / ton, rose 2.12%.
The main reason, rose first, yesterday PTA influx of funds in the market, the speculative atmosphere rise, futures Masukura up to lead the energy of the plate, the spot market by the price boost sharply with the rise. Secondly, the cost of support. 20, the closing price of crude oil fell, WTI main futures closing price of 50.43 U.S. dollars / barrel, down 1.17 U.S. dollars / barrel, but the heat of the market still limited production agreement is expected. PX prices continue to rise slightly,

Asian PX prices rose $4, at $788 / tonne FOB Korea and US $809 / ton CFR Chinese. Third, the downstream polyester plant started, relatively stable, as current polyester fiber sales has increased to 150%, and low inventory, Jiangsu and Zhejiang polyester market since October has been in a rising channel, wherein the polyester filament of each product are up more than 3%.
From a fundamental point of view recent weeks, Hengli Petrochemical 2 million 200 thousand tons / year plant restart, superposition of Yisheng Petrochemical 2 million 250 thousand tons / year plant and MITSUBISHI Petrochemical 700 thousand tons / year plant is expected to restart, PTA supply will increase. The downstream polyester factory, the fundamentals of supply and demand overall is still tight, or short term will continue steadily trend. But for the terminal, because the price of raw materials prices continued to purchase care orders, many fabrics and DTY production is on the verge of a loss. Xia Ting expects the current point of view, PTA long funds still strong, and with good international oil prices still continue to break up the possibility of short-term shocks, PTA is larger, but the persistent slightly lacking, beware of the risk of down.