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Market Mentality Is Unstable &Nbsp, PTA Or Continue To Adjust.

2010/11/17 13:52:00 65

Zhengzhou

PTA futures

The 16 day trend was relatively strong and rebounded sharply.

The main 1105 contract closed at 10328 yuan / ton, up 314 yuan or 3.14%.

Downstream stocks are tight support, and the price trend rebounded sharply.

However, in the face of policy adjustment, market fear of high sentiment continues, and cotton spot down also makes the market panic.

Overnight crude oil is down again, and PTA is expected to maintain its adjustment trend.

New York Mercantile Exchange (NYMEX) crude oil futures continued to decline on the 16 day, to its lowest level in two weeks, and is affected by concerns surrounding the euro zone rescue plan and China's tightening of monetary policy.

NYMEX December crude oil futures clearing price fell 2.52 U.S. dollars, to October 29th, the lowest settlement price level of 82.34 U.S. dollars per barrel, or 3%.

Concerns about the financial situation of the peripheral members of the euro zone have raised concerns about the oil demand in the region, which has dragged down the euro against the US dollar.

The rise in the US dollar usually puts oil prices under pressure.

In addition, concerns about China or raising interest rates to curb inflation have again put pressure on investors.

Data, the Federal Reserve Commission (Fed) announced 16

data

It shows that the industrial output value of the United States was flat in October, and the impact of the drop in output value of the utility industry exceeded the strong growth of manufacturing output value.

In September, the output value of industry was not revised, but it was still down by 0.2%.

The operating rate in October was also stable at 74.8%.

However, the operating rate is still far below the 1972-2009 average level of 80.6%.

The figures for October are lower than expected.

Economists have forecast that industrial output will grow by 0.3% in October, and the operating rate will be 74.9%.

15 days

Asia PX

The closing price is 1232.00-1233.00 U.S. dollars / ton FOB Korea, 1247.00-1248.00 dollar / ton CFR Taiwan, the price is up 9.5 US dollars compared with the previous day.

The spot market was stable. In the early PTA, the atmosphere inside the whole market was stable and there was not much stock in the stock market. After that, the futures trend recovered and the atmosphere of the spot talks also improved slightly. The mainstream paction was launched near 9700 yuan / ton.

Afternoon futures consolidation, PTA spot market stalemate, spot trading shrinkage, spot turnover can be limited, some factories have low price enquiries, so the seller's low shipment intention is not strong, mainstream trading around 9800 yuan / ton.

On the downstream side, the market of polyester filament in Jiangsu and Zhejiang provinces has dropped steadily. The decline is narrower than before. The overall turnover is slightly deviant. In some areas, POY production and marketing are slightly better, and the turnover in Xiaoshao area is still poor.

In Jiangsu and Zhejiang provinces, the production and sales of polyester and silk are not equal. Some POY sales are better than those in other cities. Most factories are still in the doldrums of production and sales, which are 5-6 to 2-3 and partly lower.