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Macro Interest Continues To Dominate, And PTA Is Hard To Change.

2011/5/9 13:05:00 35

Raw Material PTA

Main points:


1, upstream raw material price and PTA production profit: WTI crude oil spot price is 97.75 US dollars / barrel (-11.46), CFR Japan naphtha price is 946 USD / ton (-121), FOB Korea MX price is 1223 USD / ton (-98).

FOB Korea PX price is 1499 yuan / ton (-75), import PX is equivalent to PTA production cost is about 8974 yuan / ton, PTA production profit is about 1025 yuan / ton.


2.

PTA spot

Price and exchange warehouse receipts: PTA

Internal spot

The average price is 10000 yuan / ton (-210), the external spot price is 1268 US dollars / ton (-28), the import cost price is 10270 yuan / ton, the price difference between the inner disk and the imported PTA is -270 yuan / ton.

The exchange's warehouse receipt is 11890 (+856).


3, market structure: PTA current price difference is -432 yuan / ton.


4, MEG price: domestic MEG price is 8500 yuan / ton (-100), import MEG price is 1095 US dollars / ton (-22)


5, downstream polyester products price and polyester gross profit: large gloss polyester cut 12700 yuan / ton (-0), semifinished polyester chip 12750 yuan / ton (-0), 1.4D direct spinning polyester 13400 13400 yuan / ton (-50), polyester DTY 150D is 16000 yuan / ton (-100), polyester POY 150D is 14100 yuan / ton (-0), polyester FDY FDY is 14100 yuan / ton.

Polyester gross profit is 1648 yuan / ton.


6.

Textile City

Total turnover: China Light Textile City has a total turnover of 7 million 270 thousand meters.


7, crude oil price: at the close, the New York mercantile exchange light crude oil futures in June futures $97.18 per barrel, compared with the previous trading day fell $2.62; London intercontinental Brent crude oil futures in June, 109.13 U. S. dollars per barrel, down 1.67 U.S. dollars.


Summary:


PTA main contract 1109 down 360 points.

Last week, the futures market was plunged by systemic risk, and PTA was hard to escape.

The technology is expected to rebound today or now, but the macro interest continues to dominate. PTA's weakness is hard to change. The possibility of bottoming out is very small. It is suggested that short term traders can participate in the rally, and the middle line investors will continue to go short.

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