The hottest morning comment on October 27 was that

Morning comment on October 27: the surrounding areas fell overall, PTA high callback

Zhengzhou PTA futures shock callback on the 27th. The main 1101 contract closed at 8666 yuan/ton, down 62 yuan or 0.71%. International crude oil rose slightly, PX rose significantly, and the high level of spot and downstream markets was strong. PTA was affected by the collective decline of the stock market and bulk commodities yesterday, with a high correction. However, the fundamentals are good, and rigid demand is expected to boost PTA prices. Although PTA has adjusted a lot with the market recently, it is expected to continue to rise when the external environment stabilizes

the settlement price of crude oil futures on the New York Mercantile Exchange (NYMEX) fell on the 27th, dragged down by the strength of the US dollar, which is the unqualified product of this batch of joints, but the unexpected decline of gasoline inventory in a week restrained the market decline. The settlement price of December light sweet crude oil futures on the New York Mercantile Exchange fell 61 cents, or 0.7%, to $81.94 a barrel; It once fell to $80.52. The US dollar rose as investors lowered their expectations of the upcoming US Federal Reserve economic stimulus plan. However, the sharp decline in U.S. gasoline and other oil inventories helped curb the decline in crude oil futures

PX in Asia rose $28 to $1262 per ton on the 26th. Will the discount continue or end? Many interviewees believed that the PTA cost was 7885 yuan/ton. PTA mainstream transactions in Jiangsu and Zhejiang increased by 35 yuan to 8465 yuan/ton. PTA unit operating rate rose sharply to 88%, and downstream polyester operating rate remained stable at 84%

in terms of data, it is also difficult to recover the reason. The data released by the General Administration of Customs on October 25 showed that in September 2010, China imported 326700 tons of paraxylene, an increase of 4.31% month on month, with the amount of 297million US dollars. China imported 489100 tons of purified terephthalic acid, up 4.24% month on month, with an amount of 431million US dollars

in terms of spot goods, the PTA Market in East China was consolidated. The offer of the holder was 8550 yuan/ton, the market inquiry increased, the mainstream negotiation was carried out between 8500 yuan/ton, and the market trading atmosphere was light. The PTA spot market in Asia is stabilizing. Only under the same experimental conditions, the offer of Taiwan products is around us dollars/ton. The buyer is still cautious in taking the goods, and the mainstream negotiation is around us $1060/ton. The negotiation of Korean goods is in US dollars/ton, and the firm offer is scarce

in the downstream, on Wednesday, driven by the rigid stocking of downstream weaving at the end of the month, Jiangsu and Zhejiang polyester fibers were more stable, POY of factories in some regions rose by 50 to 100, DTY was mostly stable, and some fine denier varieties of FDY rose. Polyester prices in Xiaoshao region rose steadily, POY factories rose, DTY was more stable, FDY fine denier rose 100, and Youguang individual rose 100. The production and sales of polyester yarn in Jiangsu and Zhejiang provinces are maintained, most of them can barely level or slightly exceed, a few are higher, about 150%, and some are lower

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