PTA Prices Are In Key Areas.

On the last trading day, PTA prices dropped slightly after a high jump.

The 1601 day contract of the main contract hit a 4750 high line and fell back to 4692. The settlement price fell 4 by 0.09%. At night, 376 thousand and 500 hands were traded, and all day short cuts were close to 10 thousand hand to 690 thousand and 300 hands.

Variety as a whole: at present

The maintenance scope of the plant is still large, and the operating rate remains low. And the gradual rise of the polyester operating rate of the downstream has led to a warmer demand.

On the other hand, after the rebound in crude oil prices, the cost side support is strengthened again.

We believe that the game between supply and demand level and cost side will continue, and short-term cost side support will be strengthened, and prices will enter key areas. We will continue to focus on the contention between the 4700-4800 sectors.

Delivery month contract: TA1510 contract no deal, almost no in the near future.

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Current stage: at present

The discount rate for the 01 contract is 85 yuan / ton, and the mismatch between the current price and the 1-5 price difference continues to decrease.

Yesterday's East China spot rose sharply, and the offer was negotiated at 4600-4650 yuan / ton, and it was negotiated close to 4615 yuan / ton.

Yisheng petrochemical in October 8th, the main port raised the cash price from 4700 yuan (+100) yuan per ton.

Yisheng Hainan 2 million tons PTA plant is scheduled to stop in October 3rd, with a planned overhaul for 15 days.

After the completion of Hainan's maintenance, Yanda Shanda's second line 3 million 750 thousand ton PTA plant has been overhauled for 15 days.

Due to the larger price difference between buyers and sellers, no PX price was introduced in October 2015. In September, the average price of PX in September was 790 USD / ton CFR China.

Asia's PX rose 41.5 US dollars / ton yesterday at 801.5 US dollars / ton FOB Korea and 822.5 US dollars / ton CFR China, which is equivalent to 4830 yuan / ton of domestic PTA production cost at 720 yuan / ton combined cost.

Interperiod: the 1-5 price differentials are 70 yuan / ton in the far month.

Liquidity: 1601, the position of the contract rose slightly, and the total position was below the middle level.