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CITIC Futures: PTA Morning Review June

2010/6/30 11:53:00 19

PTA

 


  

PTA

Low and low, down about 2%, barely hold 7300 short-term support position, mainly affected by yesterday's stock market crash.


In terms of upstream raw materials, Asian PX prices rose by 10 US dollars to 900 US dollars CFR Korea.

Downstream polyester, Jiangsu and Zhejiang

Polyester filament

Continue to push up, relatively speaking, Jiangsu gains slightly more obvious, Tongxiang's rise is different, Xiaoshao overall rally is slow.


At present, the upstream PX is still in a narrow range of oscillation, but the downstream polyester sales are better than before, and the price has picked up slightly, while the stock level has also dropped to a low point in the year.

From the analysis of positions, the main force has more obvious signs of reducing the gap, and the possibility of another big fall in the short term is not great. Today, we continue to focus on the contention of 7300 yuan first line and short-term trading.

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Read the next article

PTA Futures Or Fell To 6000 Yuan / Ton &Nbsp; Downward Breakthrough May Be Larger.

After a wave of weak rebound, PTA futures may gradually grow downward. From the price point of view, the early axis of the flat is 7600 yuan / ton line, and the recent axis is 7300 yuan / ton, and the sign of the downward trend of the price center is very clear. From the macro level and the fundamentals, it seems that there is a pattern of seeing more and more. We need to analyze these characteristics in detail so as to make a better judgement. Although the PX quotes were released in July,