January 14Th Market Morning Post: Short-Term PTA Prices Were Affected By Polyester Production Reduction Slightly Down.

1. yesterday's market and Forecast:

Last week, the PTA futures market was sorted and sorted, and spot prices dropped slightly. The price was negotiated at 6250-6270 yuan / ton.

Following the rise of crude oil, the pressure on crude oil inventories has dropped both. The polyester filament has been selling at a high level last week. But the end of the Spring Festival is about to reduce production. The demand for polyester is decreasing. Later production and marketing will drop slightly. The PTA market is expected to lose. In the short term, the price of PTA is affected by polyester production.

2. upstream market:

(1) crude oil: closing on January 11th: after many days of continuous gains, traders made a profit and the global oil storage pressure was too large. In addition, the US dollar rose and international oil prices both fell.

WTI51.59 fell 1; Brent 60.48 fell 1.20 dollars / barrel.

China's SC main force rose 1903 to 1.40 yuan to 423.7 yuan / barrel.

(2) on PX:1 11, the Asian PX market closed at 1049 US dollars / ton FOB Korea and 1069 US dollars / ton CFR China, up 11 US dollars / ton compared with the previous trading day.