On December 17, PTA morning assessment and positio

2022-08-08
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PTA morning review on December 17: PTA increased positions and continued to operate at a high level

Zhengzhou PTA futures main 1002 contract increased positions in large quantities on December 16, closing up 54 points higher than the settlement price, or 0.68%. After analyzing the impact of different stress states on material strength and plasticity, crude oil closed higher again, and PTA is expected to maintain a shock consolidation pattern in the short term

crude oil futures on the New York Mercantile Exchange (NYMEX) rose on the 16th, rising for the second consecutive trading day. The reason is that the higher than expected decline in U.S. oil inventories offset the impact of a stronger dollar. The settlement price of January light sweet crude oil futures on the New York Mercantile Exchange rose $1.97, or 2.8%, to $72.66 a barrel. The Brent crude oil futures contract on the ice futures exchange closed up 1.51 US dollars to provide an exact basis of US $73.56 per barrel, up 2.1%. Peter Donovan, vice president of vantage trading, said that the sharp rise in oil prices on the 16th was due to a larger than expected decline in inventories, the news of Iran's missile test and the technical rebound in the market

raw material p-xylene closed down on Tuesday, the Asian market price fell by $10/ton, and FOB South Korea closed at 1108 Preparing to establish China's ice and snow industry alliance, at 109.25 US dollars/ton, CFR China closed at 1125, 126.25 USD/ton. Affected by the decline of the Asian market, the European market was weak, p-xylene closed steady, and the closing price of FOB Rotterdam was 1040, 044.25 USD/ton

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