Xinhua Futures: Crude Oil Back To 85&Nbsp; Spot Boost &Nbsp; PTA More Single Hold

　　 Zhengzhou The PTA1105 contract opened at 9210 yuan / ton. Closing quotation Reported 9230 yuan / ton, compared with the previous trading day rose 66 yuan, or 0.72%. Turnover increased to about 491 thousand hands, and positions increased by 14316.

Two Upstream raw materials :

3 days WTI12 month contract to 85.11 US dollars / barrel. Asian naphtha for 3 days closed at 779-782.25 U.S. dollars / ton CFR Japan, the low end dropped 4.75 US dollars, the high-end dropped 4.75 US dollars. PX Asian market 3 days FOB Korea quote 1246.5-1247.5 (0); CFR Taiwan 1261.5-1262.5 (0). MEG Asia offers 3 days 992-994 CFR China L/C90 days (16)

3. downstream market:

East China PTA market 3 day market quotation 8750-8800 (150). PTA international market CFR China quoted 1075-1075 (10) in November 1st. Asian PTA spot market atmosphere continues to rise, market platform bonded goods offer at $1085 / ton, market enquiry atmosphere positive, mainstream talks in the vicinity of 1078-1080 U.S. dollars / ton, Korean goods to negotiate about 1060-1065 U. S. dollars.

Jiangsu and Zhejiang polyester filament market rose, the growth of all varieties were around 100 yuan / ton, part of the previous low or hot products rose slightly at 150-250 yuan / ton, the market turnover atmosphere slightly better.

4. message side:

The US Federal Reserve (Fed) launched a new US Treasury bond purchase plan on the 3 day to boost the sluggish US economy. Fed said it would buy US $600 billion in the next 8 months. Although the purchase size is slightly higher than expected, this move has been anticipated in the financial market.

The energy department of the US Department of energy (EIA) announced that although crude oil inventories increased by 1 million 950 thousand barrels, gasoline inventories dropped by 2 million 690 thousand barrels, while distillate stocks dropped by 3 million 570 thousand barrels.

Taiwan East's 420 thousand tonnes PTA plant is scheduled for parking in early November. The repair time is about 3 weeks.

5. operational suggestions

The PTA spot market has risen by about 150, and crude oil prices have returned to over $85. The market for polyester and staple fibers in the lower reaches is heating up. Operation suggestion: first, continue to hold more.