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Zhengzhou PTA Futures 4 Weak Downhill PTA In 12000 Shock

2011/3/7 14:01:00 59

Zhengzhou PTA futures weakened on the 4 day. The main 1105 contract closed at 11774 yuan / ton, down 240 yuan / ton.

With the coming of the peak season of traditional textile and the improvement of the weaving rate of downstream looms,

PTA

The overall train of thought can still hold the idea of strong shock, but the tightening of policy and the demand for downstream are still generally suppressed by the PTA price.

Crude oil and U.S. cotton continued to climb on Friday. It is expected that short-term PTA will increase in the air around the 12000, and the shock will be inevitable.

The New York Mercantile Exchange (NYMEX) crude oil futures settlement price reached a two-and-a-half high level on the 4 day and was boosted by reports of violent clashes near Libya's oil facilities.

NYMEX April crude oil futures contract settlement price rose 2.51 U.S. dollars, to September 26, 2008, the highest settlement level of $104.42 a barrel, or 2.5%.

Analysts say the market may expect a disruption in Libya's oil supply.

Intercontinental Exchange (ICE) cotton rose 7 cents on the 4 day, sealed at a daily limit and a record high.

Traders said that the rise in cotton prices was driven by speculative buying and insufficient supply, and there are signs that this year's global economic growth will be strengthened.

ICE cotton rose 7 cents in May, at $2.1270 / pound, a low of $2.064 a day.

On the 3 day, the closing price of Asian PX was 1644.50-1645.50 USD / ton (FOB Korea); 1664.50-1665.50 USD / ton (CFR Taiwan), the price fell by US $5 compared with the previous day.

On the spot, East China

PTA Market

The atmosphere is light, PTA futures are going low and low. The seller's offer is near 11750 yuan / ton, and the buyers are waiting to see it. The actual negotiation is launched near the 11650-11700 yuan / ton, and there is a scarce market.

The PTA market in Asia is weak, and the market offers a spot price of $1520 / tonne. The enquiry atmosphere is general. The negotiation is near $1505-1510 / ton, and the Korean goods negotiation is close to $1495 / ton, and the market is scarce.

Downstream, Jiangsu and Zhejiang

polyester

The market performance is stable, the bottle piece rises 200 yuan to 14200 yuan / ton, the slice rises 50 yuan to 13650 yuan / ton, polyester short price drops 100 yuan to 14850 yuan / ton.

The operating rate of looms in Jiangsu and Zhejiang provinces was around 65% yesterday, equivalent to that at the beginning of December.