[news] information Qinghai area first 1 million 200 thousand tons / year olefin project in 2014 May in Qinghai Golmud Industrial Park construction. One phase of the project construction scale of 1 million 800 thousand tons of coal gasification methanol (2556, -12.00, -0.47%), 600 thousand tons of methanol to olefins, 400 thousand tons of polypropylene, 270 thousand tons of ethylene, the project plans to put into operation in 2017. As of June 4, domestic polyester load in 78.4%, the whole parking polyester plant (including had been shut in for a long time device and corporate restructuring) involving capacity in more than 550 million tons, including the recent shutdown device involves the production capacity of 1.56 million tons. The above is a complete set of devices, production and reduce the negative quantity is not taken into account.
[comments]PTA (6754, 166, 2.52%): PTA, PX device maintenance and short-term PTA manufacturers to change the sales model PTA is expected to remain strong, but the latter PX unit is put into operation and maintenance of polyester up to the space constraints, the callback pressure increase, the remaining recommendations more cautious hold rallies or continue to reduce positions, 6700 line pressure and attention the 5 day moving average support rubber (14155, 30, 0.21%): yesterday HuJiao amplitude decreases, but facing the future supply pressure is still large, the operation above 14300 admission empty single holding, stop 14600, only to win 13700PP: propylene monomer remain strong, coupled with domestic PP equipment overhaul more Dalian PP short-term strong shocks, but the top of increasing pressure, pay attention to PP below the 11000 support line, and 11150 line pressure, short-term trading, but shortly after the PP facing the expansion pressure. LLDPE (11490, 55, 0.48%): due to the low season for consumption in June, the current price is still facing pressure to adjust. Futures or remain high volatility, the operation of the proposed wait and see or day trading.
(article source: GF futures)