PTA morning review crude oil futures closed higher

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PTA morning review on September 16: crude oil futures closed higher, PTA or stop falling shock

yesterday, most contracts of Zhengzhou PTA futures closed higher, and the total position increased by 13822 to 169384. The main 911 contract opened slightly higher in early trading, showing a sharp wave dynamic in a narrow range, and quickly rose before the close. The main 911 contract opened at 6880 yuan/ton, with the highest intraday price of 6896 yuan/ton and the lowest price of 6822 yuan/ton, and finally closed at 6888 yuan/ton, a slight increase of 26 points over the settlement price on the 14th, or 0.38%. Trading volume and positions increased, with a total of 248464 transactions throughout the day, and positions increased by 13632 to 114840

according to the analysis, the spot market continues to be weak and downward, and the fundamentals are still weak. PTA is expected to remain weak. Although crude oil futures closed higher, PTA has little room for rebound and is most likely to stop falling

U.S. crude oil futures closed up more than $2 on Tuesday. Earlier, after sawing up and down in the flat market, they rose driven by optimism about economic recovery. In addition, the U.S. dollar reversed its early rise, attracting investors to invest in the oil market. NYMEX October crude oil futures closed up $2.07, or 3.01%, at $70.93 a barrel, with an intraday trading range of 68 19 dollars. London October Brent crude oil futures expiring today closed down US $0.09, or 0.13%, at US $67.35 a barrel, with an intraday trading range of 66 93 dollars

investors waited for the release of last week's inventory data. A Reuters survey showed that analysts expected the U.S. crude oil supply to decrease by 2.4 million barrels last week, but distillate oil inventories increased by 1.3 million barrels, and gasoline inventories increased by 600000 barrels. The American Petroleum Association (API) and the American Energy Information Association (EIA) will recommend an electronic tensile testing machine brand to you at 2030 GMT today and 1430 GMT Thursday, respectively. Last week's inventory data of cloth is also well-known in the industry

the organization of Petroleum Exporting Countries (OPEC) maintained its estimate of the global daily oil demand in 2010, and said that the signs of global economic improvement seemed to be increasing, but the economic recovery would be slow and gradual. OPEC said in its monthly report that it estimated that the global daily oil demand in 2009 would decrease by 1.56 million barrels compared with the previous year, and would increase by 500000 barrels in 2010

raw material p-xylene closed down on Monday, the Asian market fell $19.5/ton, and FOB South Korea closed at 906 5 dollars/ton, CFR China closed at 923 5 dollars/ton. Affected by the Asian market, the European market fell by 19 US dollars/ton and closed in US dollars/ton FOB Rotterdam

pta spot market continued to be weak and downward. The domestic material market is temporarily stable, the seller's offer price remains around 7000 yuan/ton, and the mainstream negotiation price in the market remains stable at about 6900 yuan/ton. The quotation price of general cargo fell by $10/ton to $10/ton. The buyer's inquiry intention was not high. The mainstream negotiation price in the market was concentrated between $5/ton

explain in detail the function and characteristics of the steel wire rope tensile testing machine. The polyester Market in the downstream of PTA is still poor. The price of polyester chips and polyester filaments has fallen by 10. If the waterproof fails and is not repaired, it is about 0 yuan/ton. Although the polyester factory maintains low load operation, the inventory pressure is still high. However, crude oil futures closed higher, which may support PTA to stop falling

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