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January 31St Market Morning Post: Short Term Ethylene Glycol Continued Weak Shock Pattern

2019/1/31 10:48:00 16

Yesterday (January 30, 2019), the overall market participation was relatively low, the paction was cautious, and the spot paction in East China was 5020 yuan / ton.

There is a phenomenon of Oversale in polyester factories. The start-up of enterprises has dropped to a low level. During the Spring Festival, there is little pressure on storehouse. However, during the Spring Festival, the concentration of ethylene glycol during the Spring Festival, due to the fear of delivery, will result in a significant accumulation of storehouse.

Varieties	product	January 29th	January 30th	Ups and downs	Range	Company
crude oil	WTI	Fifty-three point three one	Fifty-four point two three	Zero point nine two	1.73%	USD / barrel
crude oil	BRENT	Sixty-one point three two	Sixty-one point six five	Zero point three three	0.54%	USD / barrel
PX	CFR China	One thousand and fifty-nine point six seven	One thousand and seventy-three	Thirteen point three three	1.26%	US dollar / ton
PTA	East China spot	Six thousand four hundred and fifty-five	Six thousand and five hundred	Forty-five	0.70%	Yuan / ton
PTA	CFR China	Eight hundred and twenty-five	Eight hundred and thirty	Five	0.61%	US dollar / ton
MEG	East China spot	Five thousand and five	Five thousand and twenty	Fifteen	0.30%	Yuan / ton
MEG	CFR China	Six hundred and eighteen	Six hundred and eighteen	Zero	0%	US dollar / ton
EG futures	One thousand nine hundred and six	Five thousand one hundred and sixty-eight	Five thousand two hundred and one	Thirty-three	0.64%	Yuan / ton
	One thousand nine hundred and nine	Five thousand two hundred and seventeen	Five thousand two hundred and forty	Twenty-three	0.44%	Yuan / ton
	EG06-09	-49	-39	Ten	-20.41%	Yuan / ton
	Basis	-163	-181	-18	11.04%	Yuan / ton
Mainstream reservoir area	delivering amount	Seven thousand and sixty	Eight thousand eight hundred and fifty			ton
Section	Half light	Seven thousand nine hundred and twenty-five	Seven thousand nine hundred and twenty-five	Zero	0%	Yuan / ton
filament	POY150D/48F	Eight thousand four hundred and fifty	Eight thousand four hundred and fifty	Zero	0%	Yuan / ton
	FDY150D/96F	Nine thousand five hundred and fifty	Nine thousand five hundred and fifty	Zero	0%	Yuan / ton
	DTY150D/48F	Ten thousand three hundred and fifty	Ten thousand three hundred and fifty	Zero	0%	Yuan / ton
Spun	1.4D direct spinning	Eight thousand and eight hundred	Eight thousand and eight hundred	Zero	0%	Yuan / ton
Bottle flake	East China market	Eight thousand and three hundred	Eight thousand and three hundred	Zero	0%	Yuan / ton
Polyester production and marketing	Polyester filament	10-30%	10-20%			%
	Spun	10-20%	0-30%			%
	Section	10-20%	10-30%			%
Focus News	1. the Fed announced that the US stocks rose and the NASDAQ increased by 2.2%.
	2. the US Federal Reserve did not act on schedule, deleted the wording of "further interest raising", promised to flexibly adjust the scale, and did not rule out the resumption of QE.
	3. the US ADP employment increased by 213 thousand in January, and the employment in manufacturing industry hit a new high of 6 years.
	4. the Central Bank of China will issue two central bank bills in Hongkong in February 13th.
	5. China's central bank reinvested 50 billion, and interbank market interest rates fell.
prediction	1. in the morning, the official manufacturing industry, service industry and comprehensive PMI will be released in January.
prediction	2. in the afternoon, the euro zone's four quarter GDP value and the unemployment rate in December will be announced. Amazon's earnings will be announced the next morning.