Panel situation: Zhengzhou PTA The 1901 contract opened at 6938 yuan/ton and closed at 6970 yuan/ton, up 28 yuan/ton or 0.40% from the previous trading day. The trading volume increased to 1.312 million hands and the position increased by 64278 hands to 1.001 million hands.
News: 1. On October 30, the closing price of the Asian PX market was $1216.5 per ton FOB South Korea and $1236.5 per ton CFR China, down $4.83 per ton from the previous trading day. 2. The polyester chip market quotation in Jiangsu and Zhejiang is stable today. At present, the dual raw materials are weak, and the inventory of polyester manufacturers is average. Yesterday, the PTA market rose slightly. The cost of the polyester chip market is supported, and the market is temporarily stable. Downstream chip spinning is mainly required. At present, the mainstream of semi optical slice negotiation in Jiangsu and Zhejiang is 9100-9300 yuan/ton, and the reference of optical slice negotiation is 9100-9300 yuan/ton; High and low end transactions have been heard.
Spot price: In the morning, the East China PTA futures market was in a strong shock. Some spot and 1811 contracts offered a premium of 30-40 yuan/ton, while spot and 1901 contracts offered a premium of 190 yuan/ton. The negotiated price was 7176-7200 yuan/ton. It was heard that 7185 yuan/ton was transacted in the evening, but no deal was heard in the morning. In the morning, the PTA market price of American gold plate was lowered, the PTA dollar shipping offer was lowered by 10 dollars/ton, and the price was 1000-1020 dollars/ton. The PTA one-day tour supplier offered 990-1020 dollars/ton, and no deal was heard.
Summary of opinions: the Asian PX price fell to 1216.5-1236.5 dollars/ton, and the PTA tax payment cost converted from 500 yuan of processing fee was about 7059-7167 yuan/ton. The domestic PTA spot price is temporarily stable, and the downstream polyester price changes little; From the cost side, the price range of PX and naphtha in Asia at the upstream raw material side fluctuates; In terms of devices, the PTA maintenance period was basically completed, the production line resumed production in succession, the PTA operating rate rose to about 80%, the supply side continued to increase, and the manufacturer's inventory accumulated; The inventory of downstream polyester manufacturers is general, and most manufacturers are cautious in taking goods to avoid further increase of inventory. The market is bearish, and short-term PTA prices show a volatile trend. Technically, the PTA1901 contract closed slightly higher. The lower part tested the support position of the 5-day moving average, and the upper part tested the pressure of the 20-day moving average. The short-term PTA tends to fluctuate. Operationally, trade between 6750-7150.
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Editor in charge: Zhang Yao
