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Before The Exit, PTA Futures Fell On The 21 Day.

2010/9/21 17:12:00 94

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Zhengzhou PTA1101

The contract closed 21 down 0.52%, at 7964 yuan per ton, because the market worried about policy risk on the eve of the festival.

New York business

futures

NYMEX (October) crude oil futures clearing price rose 1.20 US dollars or 1.63%, at 74.86 US dollars per barrel.

The National Hurricane Center of the United States says that the probability of forming a tropical depression in the the Atlantic low pressure system located 400 miles west of Cape Verde Islands is still 80%. Weather models do not predict the future direction of the system, but it still raises concerns about the impact of weather on the market.

The US Federal Reserve will hold a conference on interest rates, and is expected to promise not to reduce the scale of its balance sheet again. Although it may not take measures to further relax monetary policy, the pressure on the US dollar has declined, providing support for crude oil.

Falling crude oil will cut chemical costs and adverse future prices.

PTA

On the 17 day, Asian PX rose by 6 US dollars to 1000 US dollars per ton, equivalent to PTA cost of 6548 yuan / ton.

The operating rate of the PTA plant was 88%, while that of the downstream polyester plant was 82%.

PTA factory stock for 0-4 days, polyester factory stock for 12-25 days.

In the first half of 2010, exports of textile and garment industry exceeded expected growth, the growth rate was 22% compared to the same period last year, and the growth rate in July and August was still 27% and 28%.

Domestic sales of textiles and clothing have been growing by more than 20%. In 1-8, retail sales of clothing, shoes and hats and needle textiles increased by 24%.

Since September, downstream textile enterprises have entered the traditional "golden nine silver ten" peak season, with sufficient orders, increasing demand for various raw materials, and corresponding demand for polyester and PTA.

PTA explains: PTA is the English abbreviation of Pure Terephthalic Acid. It is one of the important bulk organic materials. It mainly uses click here to add pictures to illustrate the production process of polyester fiber (polyester), polyester bottle flake and polyester film. It is widely used in all aspects of national economy, such as chemical fiber, light industry, electronics, architecture and so on, and is closely related to the level of people's living standard.

PTA futures, that is, the derivative trade of benzene two carboxylic acid as the target, is a futures contract listed on the Zhengzhou commodity futures exchange.

PTA industry chain distribution

The application of PTA is relatively concentrated. Over 90% of the world's PTA is used to produce polyethylene terephthalate (PET), others are used as raw materials for PTT and PTA (PBT) and other products.

The process of PTA production can be divided into two parts: oxidation unit and hydrofining unit.

The raw material PX was acetic acid as solvent, then oxidized by air to crude terephthalic acid under the action of catalyst, then crystallized, filtered and dried as coarse product, crude terephthalic acid was removed by hydrogenation, then crystallized, centrifuged and dried for PTA finished product.