The hottest PTA comments that crude oil closed up

PTA comments: the rise in crude oil supported PTA or temporarily stopped falling (06.24)

on June 23, Zhengzhou PTA futures contracts fell across the board. The main 909 contract jumped short in the morning and opened low at 6876 yuan/ton. After the opening, it slowly fluctuated downward, and the lowest fell to 6758 yuan/ton. After that, it rebounded slightly, but fell again in the late trading, and finally closed at 6780 yuan/ton, down 182 points from the settlement price on the 22nd, or 2.61%. The daily K-line closed at the bareheaded Dayin line, with a slight increase in trading volume. A total of 470484 transactions were made throughout the day, and the position was significantly reduced by 38054 to 168622. U.S. crude oil futures closed higher on Tuesday as the dollar continued to weaken and traders waited for a week of inventory data, predicting a decline in crude oil inventories

affected by the continued weakness of the US dollar, crude oil futures on the New York Mercantile Exchange (NYMEX) closed higher on the 23rd. Traders waited for a week of inventory data and expected crude oil inventories to decrease. The settlement price of crude oil futures in August rose $1.74, or 2.58%, to $69.24 a barrel, with the intraday trading range of $66.37 to $69.68. London August Brent crude oil futures rose $1.82, or 2.72%, to $68.80 a barrel, with intraday trading range of $65.90 to $69.25. In July, rbob gasoline futures closed up 3.35 cents, with flexibility or 1.8%, and the settlement price was $1.8932 per gallon. The intraday trading range was between $1.8368 and $1.9132. July heating oil futures closed up 4.15 cents, or 2.4 percent, at $1.7690 a gallon, trading between $1.7072 and $1.7766

the US dollar weakened against the euro due to market speculation that the Federal Reserve may lower its expectation of raising interest rates at the two-day policy meeting ending on the 24th. The weekly crude oil inventory data will be released on the afternoon of the 23rd. The survey predicts that crude oil inventory may decrease by 1million barrels last week, while gasoline and distillate oil inventory may increase. The American Petroleum Association and the U.S. energy information administration released weekly inventory data at 04:30 Beijing time on the 23rd and 10:30 Beijing time on the 24th, respectively

in the stock market, the US stock market closed mixed on the 23rd. Boeing dragged down the Dow Jones index, but a positive medical research result pushed the share price of Boston Scientific higher, while analysts upgraded Starbucks, which also boosted the share price. The Dow Jones Industrial Average fell 16.10 points, or 0.19%, to 8322.91; The S & P 500 index rose 2.06 points, or 0.23%, to 895.10 points; The Nasdaq composite index fell 1.27 points, or 0.07%, to 1764.92. The stock market fluctuated in a narrow range during most of the trading day. Due to the housing market data released earlier than expected, the stock market fell slightly in early trading. Bruce bittles, chief investment strategist of Robert W. Baird, said that the housing market data was not very encouraging; After the stock market fell sharply last week and continued to fall on the 22nd, market sentiment has become cautious; Generally speaking, it is difficult for the stock market to rebound strongly immediately after a sharp decline

raw material p-xylene in order to ensure the closing at different line speeds, the Asian market price continued to rise on Monday, rising $4/ton to 982 5 US dollars/ton FOB South Korea, the European market price increased by 2 US dollars/ton to US dollars/ton FOB Rotterdam

pta spot market consolidation fell, affected by the sharp decline in upstream crude oil futures prices. There are few active offers from sellers in the domestic material market, and the buyer's intention to seek offers is about 7000 yuan/ton. The mainstream negotiation price in the market is concentrated at 6. After completion, it will be based on the advantages of rare earth resources in Fujian Province and the existing rare earth industry foundation in Xiamen, between 000 yuan/ton, down 50 yuan/ton. Although there are few products in the outer market, such as disposable plastic tableware, sauce bottles and other hotel supplies, and plastic kettles, in the case of a depressed market, the general shipping offer price fell to around $830/ton, and the mainstream negotiation price fell by $5/ton to about $825/ton. There are few real transactions in the market

on the whole, with the start-up and operation of the two PTA production units of yishanhua and Far East petrochemical, the tight supply situation in the PTA spot market is expected to be alleviated. However, crude oil futures rebounded, and PTA may pause its decline

note: the reprinted content is indicated with the source. The reprint is for the purpose of transmitting more information, and does not mean to agree with its views or confirm the authenticity of its content