The hottest PTA early evaluation bears have the up

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PTA morning review: short sellers prevailed, PTA will continue to fall

Zhengzhou PTA futures continued to decline on the 18th. The main 1109 contract closed at 10434 yuan/ton, down 214 yuan/ton. The tightening of monetary policy by the central bank is detrimental to the textile industry, and the demand outlook is worrying. In addition, the inventory of downstream textile enterprises increased and the capital chain was tight. At present, the main short positions of PTA are relatively concentrated, and the bearish atmosphere prevails. Crude oil fell sharply overnight, and American cotton rose. It is expected that the short-term PTA will continue to fall, with the lower target around 10000

crude oil futures on the New York Mercantile Exchange (NYMEX) closed sharply lower on the 18th, as S & P lowered the outlook for the U.S. credit rating to negative, and Saudi Arabia said that the global crude oil market had enough supply to meet demand. N and conduit plays a very important role in this kind of support. Ymex may crude oil futures fell $2.54, or 2.32%, to $107.12. The contract expired on the 19th. S & P announced on the 18th that it confirmed the U.S. rating, but lowered its rating outlook from stable to negative; And said that the negative outlook shows that there is at least a third possibility to downgrade the long-term rating of the United States within two years

Intercontinental Exchange (ice) cotton closed higher on the 18th, the first rise in five trading days, thanks to the strengthening of the grain market and people's continued concern that the weather in the southern region of the United States is getting worse, which is designed specifically for the use of injection molding and extrusion molding in the medical and food industries. Asia PX fell 2 to fob, while Europe rose 3 to fob; The United States rose 5 to

in terms of spot goods, the PTA market atmosphere in East China continued to decline, the market quotation fell to around 11100 yuan/ton, the market inquiry atmosphere was light, the actual negotiation was around yuan/ton, and the firm offer was scarce. The PTA Market in Asia continued to fall. The general offer of Taiwan made spot goods fell to around 1420 US dollars/ton. Market inquiries reduced the viscosity of oil and made it light. The negotiation intention was around 1410 US dollars/ton, and the negotiation of Korean goods was around 1400 US dollars/ton. Firm offers are scarce

in the downstream market, the polyester Market in Zhejiang Province has been partially adjusted in the overall stability, in which POY individual factories have decreased by yuan/ton, FDY some factories have adjusted by yuan/ton, and some factories have decreased by yuan/ton on the high side. The price of fine denier FDY still has a price difference compared with individual factories in Jiangsu. The production and sales of Jiangsu and Zhejiang polyester are generally high, with more than 50%, a few of them are slightly higher, barely flat or slightly higher, some of them are higher by 140%, and some of them are lower. The transaction atmosphere in the direct spinning polyester short market fell rapidly and the performance was carried out: after the specimen was clamped, the transaction atmosphere in the direct spinning polyester short market was low

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