PTA morning assessment on the 20th of the hottest

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PTA morning review on the 20th: crude oil was under pressure and closed low PTA or high consolidation

Zhengzhou PTA futures continued to be strong on the 19th. The main 1105 contract closed at 11076 yuan/ton, up 154 yuan/ton. PTA broke through the pressure of 11000 as the stock market strengthened yesterday, continuing the upward trend. PX continued to rise, the domestic PTA spot market quotation was strong, and the downstream market atmosphere was good. Technically, PTA has been in the rising channel recently, and the upper pipeline line has significantly suppressed the main futures price of PTA. Crude oil weakened overnight, and PTA is expected to remain high. Operationally, bargain hunting and light position buying, beware of callback. As the Spring Festival approaches, be careful to avoid risks

crude oil futures on the New York Mercantile Exchange (NYMEX) closed lower on the 19th, as concerns about increased supply dragged down oil prices before the release of official data on key U.S. oil inventories. The settlement price of NYMEX February crude oil futures contract fell $0.52, or 0.6%, to $90.86 a barrel. It is expected that in the weekly inventory report released by the U.S. Department of energy, the energy used accounts for about 12% of the total energy consumption of the national economy, the U.S. crude oil inventory will fall by 900000 barrels. However, this situation was partly due to the closure of the trans Alaska pipeline, which resumed operation on the 17th. Fuel inventory is expected to continue the recent sharp rise. At the same time, concerns about the overall economic recovery have put pressure on crude oil prices. In addition, investors are also worried about the slowdown of China's economic growth

the closing price of Asia PX on the 18th was 1634 US $50/ton (FOB Korea); 1652.. US $50/ton (CFR Taiwan), up US $14 from the previous day

in terms of spot goods: the atmosphere of East China PTA market is strong, the market offer is above 10800 yuan/ton, and the reluctant attitude of the owner is obviously in line with the standard: the mainstream negotiation in the market is around yuan/ton, and the firm offer is scarce. The atmosphere of PTA spot market in Asia rose, and the offer of Taiwan products rose to around 1380 US dollars/ton. The mainstream negotiation was held around us dollars/ton, and the negotiation of Korean goods was held around us dollars/ton. This price has a solid offer to improve the innovation ability

in terms of macroeconomics, important macroeconomic data will be released in China today. At present, some institutions predict that China's gross domestic product (GDP) grew by 10.3% in 2010, the consumer price index (CPI) rose by 4.6% year-on-year in December, and the annual increase was 3.3%. Previous data showed that CPI rose by 5.1% in November, and the monthly cumulative increase was 3.2%. The inflation target set by the government at the beginning of last year was about 3%, and good economic data may eliminate the possibility of raising interest rates in the near future

as the Spring Festival approaches, terminal weaving enterprises will shut down one after another. There is a strong wait-and-see mood about the price of high priced polyester, and the stock up before the year is coming to an end. However, due to the lack of inventory pressure of filament and staple fiber enterprises, the prices of all products rose slowly driven by costs. At present, the tourism consumer market does not play a strong role in boosting PTA futures prices

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