PX supplier advocated by August PX contract price high reported in 1250-1260-1300 U.S. dollars / ton, market participants firmly believe the subsequent PX contract settlement price at least in the $ 1,220 / ton or more produce. But on Wednesday, the main supplier of the PX Japan Energy and PTA manufacturer Mitsui Chemicals August PX Asian Contract settlement price agreed at $ 1,200 / tonne CFR Asia, up 50 compared with the June contract settlement price U.S. dollars / ton. Because the PX market special rules of the game, the introduction of the supplier contract settlement price means Asian PX contract settlement price finalized. See, from the market after the introduction of the contract settlement price reflects the market generally believe that the settlement price is lower than the expected price, which means that we had expected 1050 U.S. dollars / ton PTA August contract prices will fall, some traders mentality therefore appear loose, especially the outer disk traders shipped mentality more obvious Tuesday when the outer disk do not report more than entertained, even quoted the price up to $ 1,010 / ton or $ 1,020 / ton, but with the Wednesday the PX contract settlement price uncertainty, Thursday, the outer disk PTA offer increased offer also fell more than $ 1,000 / ton level. PTA prices have been able to come today, the PX contributed, especially in the case of PTA prices have reached a historic high, the downstream supporting role growing recession, PTA in order to scale new heights, how PX product market performance undoubtedly a more decisive role. It is in this case, the performance of the market for PX products seen especially heavy, to see the the PX contract settlement price and the expected level drop, they produce psychological loose, which is a normal market reflects.
but the current view PX spot market price of the PX supplier contract settlement apparently left hand, then this is what is behind the PX supplier lenient or consider to steady it? On the spot market, the PX spot this week is good and as of Wednesday's close, when PX prices $ 40 / tonne FOB Korea prices rose to $ 1,347 / ton, CFR Taiwan prices rose to $ 1,372 / ton, Thursday PX prices continue rise, the rate reached 30 U.S. dollars / ton FOB Korea prices rose to $ 1,377 / ton, CFR Taiwan prices rose to $ 1,402 / ton, just two days,clear internet, PX spot prices rose 70 U.S. dollars / ton, and PX contract settlement price gap widened to 170 U.S. dollars / ton giant. From the PX market supply and demand relationship, the the Eurasian market arbitrage window is still open, the European markets into the Asian market is not much supply,men s health, coupled KP Chemical plans this week shut down the PX device is located in Ulsan, Close is expected a month ; Taiwan CPC the PX the unit failure Parking, parking time expected month-Asian the PX market's supply and demand relationship will continue to maintain in a state of tension, with the gradual recovery of the PTA plant production capacity of 260,000 tons / year No. 3 spot PX prices very beneficial to continue to push up. PX spot market performance and market outlook, potential, this low-key settlement of the PX supplier is clearly out of an on-going consideration, do not want the rapid intensification of the contradiction between the upstream and downstream to its profits in September to continue to raise Quotes, visible to the PX PTA market good long-standing.
see from another dimension, although the the Asian PX contract settlement price is only located in 1200 U.S. dollars / ton, but in accordance with the settlement prices of the August contract costing, PTA advocacy price is likely in 1000 - 1020 U.S. dollars / ton or more to produce, and is likely to appear July that contract advocated price is the final settlement price. The current spot market prices hovered below the price level month contract price PTA8 predict the final, the spot market is likely to continue to move closer to the contract price of goods.
the supply and demand of 6-7 months a lot of Asia PTA plant maintenance, and two months of contract goods generally get a wide range of execution, objectively speaking, the current the PTA market supply and demand relationship is more favorable to the seller , this cargo statistics from the main port of Zhangjiagang market this month, since it can be reflected. According to the statistics of the persons concerned, so far, about the the Zhangjiagang Port to Port PTA number of just over 15,000 tons, and the past, this time, to the volume of the port at least 30000-40000 tons to Hong Kong this month, the PTA was significantly is low. Industry insiders reasons for the reduction of the PTA to Hong Kong amount that the First, pre-Asian PTA plant overhaul of a large area, the market can be immeasurable supply, another reason PTA prices have increased dramatically affect the purchasing power of the import market. But no matter what the reason, a reflection of the PTA market is still relatively tight supply, which will PTA spot market to provide strong support.
polyester plant in the implementation of the the PTA contract goods in July after its reserves of raw materials can support a considerable period of time, the PTA contract goods of high reported in August, in turn came in largely suppress polyester factory holdings of raw materials, which means that the August contract goods negotiations will be more difficult, after all, the polyester plant so far have not seen the polyester products able to successfully pass on the cost of raw materials in July hope, at the same time, traders in the hands of the goods was Lee quite good, these PTA market is a big hidden. Favorable factors mentioned earlier, as well as polyester plant are also stable polyester operating rates support the PTA's strong situation yet difficult to change.
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