On December 10, the most popular morning assessmen

2022-09-21
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Early comment on December 10: policy tightening concerns PTA or weak shock

Zhengzhou PTA futures fell on the 9th. The main 1105 contract opened at 9520 yuan/ton and closed at 9516 yuan/ton, down 16 yuan. Crude oil closed slightly higher overnight, but PTA downstream industries were cautious, and most of them were still on the sidelines. The pressure of 9600 above PTA is obvious. In addition, around the weekend, there will be a sensitive window for interest rate hikes, and the market panic will not dissipate in the short term. It is expected that the futures price will fluctuate and weaken in the short term

crude oil futures on the New York Mercantile Exchange (nym) closed slightly higher on the 9th, affected by a better than expected report on the number of people applying for unemployment benefits last week. The settlement price of January crude oil futures contract on the New York Mercantile Exchange rose 9 cents, or 0.1%, to $88.37 a barrel. Ice Brent crude oil futures contract rose 31 cents to $91.08 a barrel, or 0.3%. However, the stability of the US dollar may curb the further sharp rise in crude oil prices. In addition, traders were still reluctant to establish large-scale positions before the organization of Petroleum Exporting Countries (OPEC) meeting was held on the 12th

the closing price of Asian PX on August 8 was 1297 00 USD/ton FOB Korea, 1312 00 US dollars/ton CFR Taiwan, the price fell by 10 US dollars compared with the previous day

in terms of spot goods, the PTA Market in East China is stabilizing, the market sellers maintain their offer around 9300 yuan/ton, the market inquiries are scarce, the wait-and-see mood is strong, the mainstream negotiation is carried out around yuan/ton, and the firm offer is light. The atmosphere in the PTA spot market in Asia is cold, with a small number of offers for Taiwan products around us $1170/ton. The buyer's wait-and-see mood is obvious. The mainstream negotiation is around us $per ton, and the Korean spot negotiation is around us $1145. The market is scarce

in the downstream, the market situation of Jiangsu and Zhejiang slicing is flat, the downstream demand is still low, and the slicing inventory is gradually increasing, but the sellers are reluctant to sell at low prices, and the overall transaction is not ideal. At present, the mainstream quotation of semi-optical slice is within the range of yuan/ton (cash or acceptance), and the focus of negotiation and transaction is around yuan/ton (cash or acceptance) of the company's domestic leading lithium metal smelting and low-temperature vacuum distillation and purification technology. Jiangsu and Zhejiang polyester short-term market atmosphere is general, and the downstream wait-and-see mentality is still strong. The mainstream quotation in the market is yuan/ton, and the transaction focus remains around yuan/ton

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