PTA shock adjustment of the hottest crude oil high

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Crude oil high fall PTA shock adjustment

crude oil high fall PTA shock adjustment

March 5, 2014

[China paint information] Zhengzhou PTA futures shock adjustment on the 4th, the main 1405 contract closed 6470 yuan/ton, down 2 yuan/ton. Overnight crude oil fell, and the single PTA overhaul plan is expected to lead to a sharp decline in PX. Although the start-up of downstream terminal enterprises has gradually rebounded, the purchasing enthusiasm has increased recently, and the production and sales of polyester market have rebounded. However, the downstream inventory pressure is still on, and the demand side has improved, but the price pull is still limited

oil prices on the New York Mercantile Exchange (NYMEX) retreated from the previous day's rise on Tuesday, as market concerns about geopolitical tensions in Ukraine eased. NYMEX April crude oil futures contract closed down $1.59, or 1.5%, to $103.33 a barrel. Brent crude oil closed down $1.90, or 1.7 percent, to $109.30 a barrel

Russian President Vladimir Putin held a press conference in Moscow and said that Russia would only send troops to Ukraine under extreme circumstances, which is not necessary at present. In addition, Russia has no intention of merging Crimea into Russia

the report released by the American Petroleum Association (API) on Tuesday is bound to agree with great environmental pollution. The report shows that as of the week of February 28, when talking about the new material industry of TBEA, the U.S. crude oil inventory increased by 1.17 million barrels. The inventory of distillate oil, including oil and diesel oil, in the two bags of heating jackets decreased by 270000 barrels. Gasoline inventories in the United States fell by 1.2 million barrels that week

in terms of spot, PTA futures have not changed much, and the negotiation atmosphere in the spot market has increased. The overall market offer is not much, and the offer intention is acceptable. The sporadic offer of East China PTA spot is around 6300 yuan/ton, the offer is about 6250 yuan/ton, and the negotiated valuation is at yuan/ton, self delivery or delivery price. PTA dollar market is still light, active offers are scarce, and actual orders are scarce. Asia PTA Taiwan and South Korea bonded offer is estimated to be around 890 US dollars/ton, counter-offer intention is US dollars/ton, and negotiated valuation is 885-888 US dollars/ton for impact samples

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