Huaan**: The main PTA contract price was 5882 yesterday
Morning strategy] PTA ethylene glycol.
Market Analysis] :* the price of the main PTA contract yesterday was 5882, up 051%, the night market closed at 5900, yesterday's PTA East China market ** was 5877 yuan ton Cost: recent *** operation; The start of PX in Asia and China has not changed much from the previous period, and PX** is stable. Supply: PTA operating rate was 8182%, in terms of equipment, there are many PTA equipment maintenance plans in February, and the processing cost is expected to be restored. The profit of complementary ethylene glycol has been restored, and domestic start-ups have risen slightly. Demand: The maintenance of polyester plants is concentrated, and the operating rate is 7864%, compared with the previous decline, the production and sales rate of polyester yarn in Jiangsu and Zhejiang provinces fell more before the holiday, and the seasonal decline in the operating rate of weaving factories will affect the weakening of demand for PTA, but there is an expectation of demand recovery after the holiday. Summary: The recent situation in the Middle East continues, the first operation provides cost support for PTA, and the weakening of polyester and downstream starts and the expected rebound in demand after the holiday make PTA run in the near future.
Investment Strategy]: It is expected that the PTA*** will run
Morning strategy] pp
Market Analysis]: The market macro sentiment weakened, the petrochemical and oil companies were partially lowered, the business concessions were promoted, and the spot market offer was weak. The holiday is approaching, the logistics and transportation are not smooth, the downstream factories have been suspended for holidays, the atmosphere of inquiry in the field is light, and the transaction is a single negotiation. The PP market is expected to remain weak in the short term**.
Investment Strategy]: Bearish thinking
Morning strategy] plastic.
Market Analysis]: The market macro sentiment weakened, the petrochemical factory was mixed, and the market offer partially declined. Downstream enterprises are suspended for holidays, terminal procurement is limited, and trading is weak. Linear mainstream: 8100-8450 yuan ton. Spot circulation is tight, terminals are on holiday one after another, the market mentality is wait-and-see, and it is expected that the short-term PE will be weak.
Investment Strategy]: Bearish thinking
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