In October 20th, PTA has always been low-key suddenly heavy volume masukura. At the close, PTA main 1701 contract increased 573 thousand and 500 hands, Masukura single day so much for the first time. All the total contract Masukura about 700000 hands, since positions hit new high. The date of the contract rose 2.12%, more than three months since the biggest rise.
The entire commodity market environment and PTA own situation to attract foreign capital in favor of industry. Polyolefin, methanol and PVC have good gains, while PTA remained at the bottom of the weak shock, there have been no decent rebound in the price depression compared with other commodities, which attracted the attention of speculative funds.
October PTA mainstream manufacturers of equipment maintenance, while the downstream polyester in season, the load level is high, October to the inventory of larger efforts, the current social inventory and stock consumption ratio is not high; in addition, on the price of crude oil rose to $50, the downstream polyester sales situation is good, the price is rising, polyester factory inventory at a reasonable level. The production profit is good, compared with the PTA production profits has been 400 yuan in the low level, industry chain price and profit transfer is also normal.
China is the world’s largest PTA production and consumption country, the upstream from the PTA factory to the intermediate traders to downstream polyester plant PTA have been involved in the futures market, the active use of futures hedging, PTA futures development has been more mature..