2010 Countries' Economic Data Are Mixed.

Market Review

Worries over the possible slowdown in the world's major economies and the need to curb future energy demand lingers.

Affected by this, the main contract PTA of today's Zhengzhou commercial bank 1009 opened slightly lower than yesterday's settlement price, opening 7234, the intraday price rebounded slightly, the highest 7252, the lowest 7136, afternoon price continued to decline, and finally closed at 7144, compared with the 30 day settlement price fell 128 points, or 1.76%, turnover 311042 hands, holding positions 172544 hand.

Two.

1, investors worried about the global economic rebound, crude oil fell for the first time.

Crude oil futures in the 4-6 quarter of this year, the first quarterly decline since the fourth quarter of 2008, and as of the last day of June, crude oil futures have been down for three consecutive days.

Market mentality is sluggish.

Recently, the mixed economic data released by various countries have caused investors to have doubts about the process of global economic recovery.

ADP employment report shows that in June, the number of private sector employment in the United States increased by only 13000, which was lower than the 60000 expected by economists.

The report released on Wednesday showed that consumer confidence declined in June for the fourth consecutive month.

Moodie rated Spain's Aaa class and foreign currency government bonds on the list of possible downgrades on Wednesday.

2, PX fell slightly compared with the previous day.

On the 30 day, the closing price of Asian PX was 875.50-876.50 USD / ton FOB Korea, 890.50-891.50 USD / ton CFR Taiwan, the price fell by 10 US dollars compared with the previous day.

3, polyester chip market atmosphere is good, polyester, polyester, short market to buy gas downturn.

The export price of domestic water bottles is slightly lower. The factory quotes at 1170-1190 US dollars / ton FOB main port, and talks down to 1150-1160 US dollars / ton FOB main port, customer enquiry is general.

It was noted that nearly 1000 tons of PET were traded at the main port of 1150 US dollars / ton FOB.

The market atmosphere of PTA and MEG is slightly better, enquiries are more and prices are rising slightly. Fiber polyester is showing signs of softening.

Affected by the above factors, the market of water bottles in East China today is mainly stable, partly weak. The factory quotes are in the range of 9600-9800 yuan / ton cash or short distance, and the mainstream talks are 9500-9700 yuan / ton, and the turnover is generally.

Jiangsu and Zhejiang

Three. Spot market observation

In the afternoon, the PTA spot market in Asia was weak, and the sellers in the market were cautious. The buyer's enquiry was $850 / ton, and the intention of the negotiation was near $850-855 / ton, and the intention of Korea's goods negotiation was near $830-835 / ton, the firm offer was light.

In the afternoon, the atmosphere of PTA market in East China is weak. Some of the market offer is near 7050-7100 yuan / ton, and there are few goods in the lower reaches. The intention of negotiation is near 7000-7050 yuan / ton, and there is a scarce market.

Four. Market comment

In general, as the oil product storage level is higher than expected, and demand shows signs of continued weakness, overnight crude oil closed down, PX prices also followed a slight decline.

In Asia and East China, the spot market continued to be weak, while the polyester chips in the lower reaches were stable, but local weakness was evident.

Technically, today's PTA main contract TA1009 continues to be weak callback, volume significantly enlarged, positions rose sharply, indicating that the market copied the chassis intervention, the average above a large number of PTA to form a greater pressure.

On the operation, it is suggested that investors can continue to hold space in the short term and pay close attention to the 7080 front-line support.