Global Economic Data Are Coming Out Of &Nbsp, And PTA'S Return To The Big Yin Line Continues To Be Disadvantaged

Market Review

Business news July 14th, China

Two.

Upstream and downstream

1, China's stock market fell, crude oil futures prices fell below 75 U.S. dollars / barrel.

The Chinese government has confirmed that it will not relax the measures designed to cool the economy. Crude oil futures prices fell below 75 US dollars / barrel, and the Chinese stock market fell.

The US dollar rose against the third trading day of the euro.

Important economic data to be released this week include consumer confidence index on Tuesday and Friday, Wednesday's retail sales and corporate inventories, initial unemployment claims on Thursday, producer price index and industrial output data, and consumer price index for inflation.

New York Mercantile Exchange NYMEX crude oil futures contract August opened on the 13 day at 75.06 U.S. dollars / barrel, the highest intraday shot to 75.38 U.S. dollars / barrel, compared with the previous closing day price of 0.43 U.S. dollars.

The lowest price was $74.45 / barrel, which was 0.02 dollars lower than the closing price of the previous day.

The settlement price of light crude oil futures for August delivery fell by US $1.14 to $74.95 a barrel, or 1.5%, NYMEX.

ICE futures exchange Brent crude oil futures contract settlement price fell 1.05 U.S. dollars, to 74.37 dollars per barrel.

2, PX fell slightly compared with the previous day.

On the 12 day, the closing price of Asian PX was 829.50-830.50 USD / ton FOB Korea, 844.50-845.50 USD / ton CFR Taiwan, the price fell by 7 US dollars compared with the previous day.

3.

In the Jiangsu and Zhejiang provinces, the semi light section market is quiet and there are many wait-and-see prospects. The factory quotes 9350 yuan / ton in March, and the mainstream talks about 9100-9300 yuan / ton cash or March acceptance.

The market of East China water bottle is stable, and the market offer is available at 9300-9500 yuan / ton cash or short distance. The negotiation is 9200-9400 yuan / ton cash, and the lower turnover is 9100 yuan / ton.

The staple fiber staple market is stable in Jiangsu and Zhejiang provinces. The main quotations of factories are in cash at 9600 yuan / ton, and the mainstream talks remain at 9350-9500 yuan / ton, with a general atmosphere.

Taicang polyester market stability.

There is no change in the price of the local mainstream factory. The POY75D/72F market acceptance price is 13500 yuan / ton, and the POY150D/144F market acceptance price is 12400 yuan / ton.

Three.

Spot market observation

In the afternoon, the PTA spot market in Asia was still weak, with a small offer of spot products at $860 / ton, and the market buying was slightly dull. The focus of discussions was $850-855 / ton, and the spot sale of Korean products was $830-835 / tonne, which was scarce.

In the afternoon, the PTA market in East China is weak. Some of the holding companies are selling around 7050-7100 yuan / ton, and the market is buying 000 yuan / ton. The center of discussion is 7000-7050 yuan / ton.

Four.

Market comment

In general, important economic data will be released soon, and the US earnings season will also begin. Overnight crude oil prices have declined slightly, and PX prices have also fallen.

The Asian and East China spot market is still weak, the downstream polyester chip market is dull, and polyester staple market is stable.

Technically, today's PTA main contract TA1009 ends up, continuing the weakness of yesterday, continuing to shock the callback, the pressure above it is obvious, and the volume and position significantly enlarged.

Operation, PTA is at the end of the triangle finishing, tomorrow focus on the support of the 7080 front line, if the volume of breakdown, then more single stop out of the hand, if the support is strong, you can continue to hold cautiously.