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The Spot Mentality Of Nanhua PTA Is Still On The Rise.

2010/8/16 18:22:00 245

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Although crude oil prices have continued to fall sharply, the trend of PTA has not been suppressed, and the market has opened 46 points earlier.

commodity

As a whole, PTA has begun to pick up again, and the afternoon rally is further expanding and returning to the top 7700.

After a few days of adjustment, the price of the market again surged on Friday. With the overall recovery of the commodity sector and the re establishment of the 5 and 10 day moving average, the buying intervention was positive, and the rally continued to show again.

Yesterday, NYMEX crude oil continued to drop to $76 / barrel, due to the weak economic recovery prospects continue to raise concerns about the decline in oil demand; naphtha fell from 21 US dollars to 670-671 US dollars / ton CFR Japan; heterogeneous MX fell 15 to 796-797 U.S. dollars / ton FOB Korea; PX: Asia fell 20 yuan to 900-901 U.S. dollars / ton FOB Korea; Europe fell 10 to 920-924 U.S. dollars / ton FOB Rotterdam; the United States fell 12 U. S. dollars to 893-898 U. S. dollar / ton FOB Bay.

Near the weekend,

PTA

Spot mentality is still calm, too low price traders shipping action is not much.

Some polyester factories are participating in enquiries, and the counter offer is near 7150 yuan, but traders' intentions are not strong enough. The mainstream trading level in the morning is around 7170-7200 yuan.

In the morning, a single spot traded near the high-end price.

The seller's offer is still $865-870, and the buyer's offer is generally $855 or slightly higher. The spot part of the site is reported to be around $880-885, and the buyer's offer is about $870-875.

MEG internal disk is relatively quiet, most merchants do not have much intention to ship, individual small offer, part of the factory delivery of 6200 yuan / ton or up, but most businesses for 6300 yuan / ton below shipment intention is not big, the market is deadlocked, the difference is bigger, the Ningbo area 6250 yuan / ton or less, Zhangjiagang area near 6250-6280 yuan / ton.

There are not many foreign offers, basic offer to 770-780 U.S. dollars / ton, some businesses continue to sell to 760 U.S. dollars / ton, find more tank cargo, but the merchant shipping intention is not big.

Polyester: polyester filament market steady decline in early trading, preferential mainly concentrated in POY, FDY related products, individual factories in the early stage of high down, the general atmosphere of the paction; polyester and short market, some market intermediaries business prices have a slight fall, part of the actual factory turnover in the middle of a small discount talks.

Although crude oil prices continued to fall sharply yesterday, they did not.

PTA

The trend has been suppressed, and the early trading has opened up 46 points, and then continued to weaken slightly down, near the early closing of the market. With the overall rise of commodities, PTA began to pick up again. The midday rally was further expanded and returned to the top 7700. After a few days of adjustment, the PTA price rose again on Friday, with the overall market rebounded sharply, and again on the 5 and 10 day moving average, the buying intervention was positive, the rally rose again, and the momentum of further recovery increased. However, the current price is still in the shock area.