indianasiagame| PTA market dynamics: Price volatility intensifies, Yisheng Petrochemical cuts US gold price to US$738

News summary

Newsletter text

Global market dynamicsindianasiagame: Crude oil prices fallindianasiagame, PTA and MEG markets are under pressure

Crude oil futures prices in New York fell on May 13, and June futures fell 1.indianasiagame.09 for $77indianasiagame.57 USD/barrel closed. At the same time, Brent crude oil futures for July also fell US$0.98 to settle at US$81.9/barrel.

Asian PX prices rose slightly, with FOB South Korea prices rising to US$981/ton, while CFR China increased to US$1003/ton. The price of PTA internal trading fell slightly to 5910 yuan/ton, and the price of MEG internal trading also fell somewhat to 4472 yuan/ton. The cost of polyester raw materials fell to 6551 yuan/ton.

The performance of the PTA futures market was volatile and weak, with the spot basis strengthening, and some suppliers providing forward supply. At the main port in May, there were relatively few bids, with quotes around 09+20, and the price negotiation range was 5890 to 5920 yuan/ton. In June, the main port quoted price ranged from 09+5 to 10 yuan/ton, while the bid was between 09 square meters and-2.

MEG's intra-market price fell, and buying momentum was average. The spot basis was discounted at 45 to 48 yuan/ton for the 09 contract, and the negotiated price was at 4464 to 4467 yuan/ton. In terms of external offers, recent offers for cargo are at US$523 to US$524/ton, bids are at US$520/ton, and negotiated prices are at US$520 to US$523/ton.

Yisheng Petrochemical's PTA gold price fell to US$738/ton. A 1.5 million-ton PTA unit in East China was stopped for some reason and is expected to be overhauled for one month. A 150,000-ton/year syngas to ethylene glycol plant in Xinjiang is scheduled to be overhauled from tonight, with an expected duration of 10 to 15 days.

In terms of downstream markets, Jiangsu and Zhejiang polyester production and sales are differentiated, with an average production and sales of about 60%. The transaction atmosphere in the polyester chip market is general. The mainstream price of semi-light is around 6800 to 6900 yuan/ton of cash, and the price of light is around 6850 to 6900 yuan/ton of cash. The polyester bottle sheet market is performing lightly. The quotation range of mainstream bottle sheet factories in East China is US$895 to US$910/ton FOB Shanghai Port, while in South China it is US$895 to US$905/ton FOB main port.

Tags:

Prev: vegasspinscasino| Station B gave up using playback duration instead of playback volume. Behind trial and error is the eagerness to commercialize.
Next: pureholdem| This month's highest floating profit of 200,000 yuan has all been lost? No cash available