The hottest PTA morning review on the 22nd, PTA bu

PTA morning review on the 22nd: PTA bucked the market and became strong, paying close attention to 8000 points of pressure

on the 21st, Zhengzhou PTA futures had strong buying intention. At the beginning of the market, long funds pulled our experimental machines here, and the dynamic price was strong and upward. The main force may appear in 1210, and the contract ta002 will end at 7900 yuan/ton. Today, we will focus on whether the pressure of 8000 points above can be effectively broken

in terms of upstream raw materials, crude oil futures on the New York Mercantile Exchange (NYMEX) fell on the 21st, and the strength of the US dollar made oil prices spit back the gains made under the stimulation of the cold climate and geopolitical concerns. The settlement price of January light and low sulfur crude oil futures on the New York Mercantile Exchange fell 89 cents, or 1.2%, to $72.47 a barrel, an intraday high of $74.32. At this time, the experiment of this kind of contract will be completed and expired on the 21st. The settlement price of the most actively traded February futures contract fell 70 cents, or 0.9%, to $73.72 a barrel

ice futures exchange Brent crude oil futures contract closed down 76 cents to $72.99 a barrel, down 1%

oil prices rose by more than 1% early on the 22nd, thanks to the heavy snow covering most parts of the eastern United States during the weekend. Geopolitical concerns once also supported oil prices, and the market is still concerned about the situation between Iran and Iran. In view of the reduced trading hours due to holidays this week, the market volume is low, which also exacerbated the market volatility. Ritterbusch said that the price fluctuation range may further expand for the rest of the week

yesterday, the spot medium fiber quotation was 7720 yuan/ton, and the price was reduced by 80 yuan. Upstream Asia PX rose $5 to USD FOB South Korea, while Europe PX stabilized to USD FOB Rotterdam. The decline of Jiangsu and Zhejiang polyester fiber in the downstream has slowed down, and some manufacturers still have about 100 yuan to cover the decline; The atmosphere of early inquiry is general, and the wait-and-see mentality is still dominant. Jiangsu and Zhejiang polyester short-term market stalemate, manufacturers are mostly flat today, the focus of the actual transaction price remains, and the trading atmosphere is light. From the technical point of view, although PTA is currently in the shock range, it is more in the short term

in addition, after a slight correction at the beginning of last week, the external price of PX tends to stabilize recently, so the production cost of PTA stabilizes accordingly. However, at present, PTA fundamentals show a trend of imbalance between supply and demand. In terms of supply, domestic PTA factories currently maintain an operating load of about 88%, while the operating load of downstream Jiangsu and Zhejiang textile machines has fallen to a low level of 66%. The original procurement has been significantly weakened. The recent decline in the production and sales of polyester staple fibers and polyester filaments shows that PTA demand is weakening again, and the spot price is under pressure. On the disk, the day's long buying interest is high, and the funds, except for cables, have a strong upward atmosphere, driving the futures price up strongly. However, near the top 8000, there continues to be a certain pressure on the futures price. Therefore, recently, PTA is still dominated by shocks, and the increase range is relatively limited. Pay attention to the pressure near the top 8000

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