PTA Spot Market Is Relatively Weak In Popularity.

Overall, the recent PTA spot market performance is relatively weak, followed by PTA futures The price trend is fluctuating. At present, the PTA installations from domestic to other major Asian countries are running at full capacity, and the supply of PTA is expected to be loose in December.

In addition, the recent weak sales of major polyester factories in China and the possible increase in interest rates by the Chinese government in December will put pressure on the economy, which will lead to a low interest in buying end users and traders.

Of course, the international crude oil price hit $90 mark, and in the long run, 2011. PTA The supply is still in a tense situation. In addition, the Chinese market needs to hoard stock for the holidays before the Spring Festival in early February, so spot prices will be arranged after finishing down to the 9000 yuan and 1100 U.S. dollar pass points. Polyester fiber Sales rebounded and so on, the market rebounded slightly, but on the whole, the December contract positioning is down compared with November, and the trend of spot downward adjustment has not changed yet. At present, the market is still judged to be a short-term rebound, and the upward imagination should not be too high, and if the downstream downstream demand is further weakened in the next two months, this may be a major drag on the subsequent market.