On the 14th of the hottest PTA morning, the extern

PTA morning comment on the 14th: the external trend is poor, PTA is still weak

Zhengzhou PTA futures opened low on the 13th. The main 1109 contract closed at 9396 yuan/ton, down 96 yuan/ton. The upstream support is not strong, and the downstream production and sales have improved, but the support is limited. New production capacity has been put into operation, adding negative pressure to PTA. Coupled with the slightly declining atmosphere in the financial market, bulls are not popular. Technically, RSI indicators show a strong selling atmosphere, while MACD double line closure shows that the current market is strong in short selling. Crude oil fell again overnight, with U.S. cotton mixed, and short-term PTA is still expected to have a downward momentum

crude oil futures on the New York Mercantile Exchange (NYMEX) closed lower again on the 13th, as the downgrade of Greece by S & P triggered concerns that the slowdown in economic growth might weaken crude oil demand. The settlement price of NYMEX light and low sulfur crude oil futures contract in July fell $1.99 to $97.30 a barrel, down 2%, the lowest level since May 17. The premium of crude oil futures in Europe over the United States hit a record high of $21.80. Ice July Brent crude oil futures contract rose 32 cents, or 0.27%, to close at $119.10 a barrel

Intercontinental Exchange (ice) cotton futures closed mixed on the 13th. Analysts said that investors' selling in the late afternoon depressed the new contract, and the tight supply of cotton to be delivered boosted the contract in recent months. Asia PX rose $4 to USD/ton FOB South Korea, Europe fell $26 to USD/ton FOB Rotterdam, and the United States was steadily equipped with modern logistics facilities at $480/ton FOB U.S. Gulf

in terms of spot goods, the East China PTA spot market continued to decline, with the majority of offers being 9500 yuan/ton, and sporadic offers being 9400 yuan/ton or lower. The market is still a buyer's market. The negotiation is about 9450 yuan/ton, and the firm offer is unusually light. The spot atmosphere of the external offer fell slightly. Taiwan products are generally offered around $1200/ton, and the transaction volume of the firm offer is about $1190/ton; Korean spot goods are generally offered at about US $1190/ton, and the negotiated transaction is about US $1180/ton. Traders are mostly cautious and wait-and-see, and the holders are slightly reluctant to sell at low prices

in the downstream market, the production and marketing structure of Jiangsu and Zhejiang polyester fell, mostly barely flat or slightly higher, with a few higher than 150%. Some FDY plants have a slightly lower percentage, and a few have a lower percentage. Zhejiang polyester was mainly stable, with some structural increases. ③ the relevant industrial technical standards were upgraded by 100 yuan. Supported by tight inventory, the production and marketing department of some varieties made the two contact surfaces from the initial surface contact to point contact. The overall process, technology and equipment of the enterprise are still backward and good. The polyester Market in Jiangsu is stable as a whole, with some individual factories raising prices, and the production and sales of some varieties falling slightly due to high prices. The quotations of major manufacturers in Jiangsu and Zhejiang continued to rise, and the market transaction atmosphere was relatively calm

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