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January 18Th Market Morning Post: In The Short Term, PTA Prices Fell.

2019/1/18 10:07:00 31

PTA Price

1. yesterday's market and Forecast:

Yesterday (January 17, 2019), the PTA futures market was sorted and sorted out, and spot prices dropped slightly. The price was negotiated at 6290-6310 yuan / ton.

Today, crude oil fell, the cost side PX also fell sharply, cost side to PTA support weak, downstream polyester factory maintenance increased, PTA power shortage, short term PTA price volatility is expected to fall.

2. upstream market:

(1) crude oil: closing on January 17th: US crude oil production is refreshing and global economic outlook is worrying, and international oil prices are falling, but OPEC's expected cut in production is good.

WTI52.07 fell 0.24; Brent 61.18 fell 0.14 dollars / barrel.

China's SC main force rose 1903 to 3.1 yuan to 422.1 yuan / barrel.

(2) on PX:1 17, the Asian PX market closed at $1039.33 / tonne FOB Korea and 1059 US dollars / ton CFR China, down 10.67 US dollars / ton compared with the previous trading day.

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