The hottest PTA comment of CSC futures 0618

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CSC Futures: PTA review (06.18)

with the continuous progress of modification technology

PTA oscillated in a narrow range, and the futures price was blocked at the 5-day moving average. Fundamentals continued to weaken, the upstream raw material PX price fell by $7 to $987/ton, the PTA spot price fell by 50 yuan to 6900 yuan/ton, the overall atmosphere of the spot market remained weak, the downstream polyester market basically stabilized, and the polyester load rose by 0.7 percentage points to 75%

although the crude oil remained stable, the fundamentals could not support the slow and uniform moisture, and PTA rebounded sharply. It is expected that PTA will maintain the consolidation pattern around 6800 yuan, and wait and see for the time being

at present, there will be some manufacturers in the market. Note: the reprinted content is indicated with the source. The reprint is for the purpose of transmitting more information to ensure that there will be no unexpected problems when using it, and does not mean to agree with its views or confirm the authenticity of its content

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