The hottest China Construction Investment PTA may

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CSC: PTA may be dominated by shocks

overnight crude oil fell slightly due to the rise of crude oil inventory. Data released by EIA on Wednesday showed that crude oil inventories increased by 1.9 million barrels last week, with an estimated decrease of 200000 barrels; So that makers have no reason to choose non renewable alternatives. The gasoline inventory increased by 3.6 million barrels, higher than expected; Distillate stocks increased by 2.1 million barrels, much higher than expected. At present, the total inventory of crude oil and fuel oil in the United States has hit a high level in the year, and the output of refined oil has hit a low in 2010. In addition, the strength of the US dollar also puts pressure on oil prices, as Greece's debt problem is still lingering. P can be regarded as a qualification project. TA fluctuated narrowly above 8500 yuan, and its position decreased slightly

in terms of upstream raw materials, PX prices in Asia rose by $10 to $1034 CFR Korea. In terms of downstream polyester, Jiangsu and Zhejiang polyester rose, and the rise in Jiangsu was relatively obvious; Zhejiang raised the industrial threshold, polyester rose sporadically, and manufacturers were cautious in raising prices. The market situation of Jiangsu and Zhejiang polyester short-term market was stable and small, some high quotations returned slightly, the price focus remained unchanged, and the overall transaction was general

on the whole, the downstream polyester inventory is still at a relatively high level, which requires further digestion of the textile terminal demand. On the disk, PTA has strong support in the first line of RMB 8460, but the recovery of downstream demand is less than expected, and PTA's upward action is insufficient in the short term. It is expected that the recent trend will be dominated by the concussion near RMB 8500. It is recommended to continue to try to buy near RMB 8500 for more orders in the middle line, with a stop loss of RMB 8450

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