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February 15Th Market Morning Post: Short Term Ethylene Glycol Continues Weak Market

2019/2/15 20:07:00 78

Glycol Market

Yesterday (February 14, 2019), China Eastern wharf stock continued to rise, suppress the market continued weak market, East China spot mainstream traded at 5025 yuan / ton.

Next week, port to port more tired inventory pressure still exists, and downstream purchasing mentality recovery slowly, related products PTA continued to decline to suppress market mentality, short-term ethylene glycol continued weak market.

Varieties

product

February 13th

February 14th

Ups and downs

Range

Company

crude oil

WTI

Fifty-three point nine

Fifty-four point four one

+0.51

+0.95%

USD / barrel

BRENT

Sixty-three point six one

Sixty-four point five seven

+0.96

+1.51%

USD / barrel

PX

CFR China

One thousand and ninety-three point six seven

One thousand one hundred and one point eight three

+8.16

+0.75%

US dollar / ton

PTA

East China spot

Six thousand five hundred and seventy-five

Six thousand four hundred and sixty

-115

-1.75%

Yuan / ton

CFR China

Eight hundred and fifty-five

Eight hundred and forty-five

-10

-1.17%

US dollar / ton

MEG

East China spot

Five thousand and fifty-five

Five thousand and twenty-five

-30

-0.59%

Yuan / ton

CFR China

Six hundred and twenty-three

Six hundred and twelve

-11

-1.77%

US dollar / ton

EG futures

One thousand nine hundred and six

Five thousand one hundred and eighty-four

Five thousand one hundred and sixty-four

-20

-0.39%

Yuan / ton

One thousand nine hundred and nine

Five thousand two hundred and forty-seven

Five thousand two hundred and thirty-eight

-9

-0.17%

Yuan / ton

EG06-09

-63

-74

-11

-17.46%

Yuan / ton

Basis

-129

-139

-10

-7.75%

Yuan / ton

Mainstream reservoir area

delivering amount

Five thousand five hundred and fifty

Seven thousand three hundred and sixty

+1810

+32.61%

ton

Section

Half light

Seven thousand nine hundred and fifty

Seven thousand nine hundred and fifty

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 eight hundred and fifty

Eight thousand eight hundred and fifty

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

Twenty

Twenty

  

%

Spun

10-30

10-50

  

%

Section

10-30

0-20

  

%

Focus News

1, the Fed chairman: the downside risk has been significantly improved, and the scale should end before the end of this year.


2, the retail data is bleak, Trump will declare a state of emergency, and the S & P and Dow are down.


3, the US retail sales in December were far weaker than expected, the biggest decline in more than nine years.


4, the GDP growth rate in the euro area continued to hit a four year low, and Germany managed to shake off the recession.


5, China's exports rebounded sharply in January, import growth accelerated, soybean imports increased by nearly 30%, natural gas imports recorded a new record, and China's trade surplus with the US narrowed.

prediction

1, China's fiscal, credit and monetary data in January will be released from time to time.


2, China will announce CPI and PPI in January.


3, the US industrial output in January and the initial consumer confidence index of University of Michigan in February will be released in the evening.

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