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PTA Price Rebounded Blocked &Nbsp; Short Term To Maintain The Shock Pattern.

2010/12/7 11:58:00 53

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Crude oil aromatics: crude oil on the external market rose to $89 on Monday, showing a recent upward trend.

PX

The price remained near $1250-1300, and the recent shock pattern remained.

PTA spot: PTA spot market remained near 9250-9300 yuan / ton on Monday, and buyers and wait-and-see were the main buyers in the market. On the outside side, the mainstream cargo of Taiwan talked about 1165-1170 dollars.

Spot prices remained at a low level.

The situation of polyester factories: since November, the market mentality of polyester products has been recovered since the collapse of polyester products since the middle of the 20th century. The overall stock level of polyester factories has risen to 15 days, and the polyester start-up load has maintained a relatively high level. The polyester market has dropped to the market psychological price this week, and turnover has improved today. However, it is still necessary to observe whether or not it can continue.

Terminal demand: Jiangsu and Zhejiang looms start rate near 60%, from terminal

Spin

In view of the situation, the lack of market purchasing confidence, most factories procurement on demand, the demand side is difficult to pick up.

It is understood that some foreign trade orders in Haining have increased, but most of the textile enterprises are watching. The Shaoxing market is still no improvement.

On the 6 day, the [10.69 -5.23%] of China Textile City was reduced by a total of 5 million 810 thousand meters, with a total turnover of 5 million 810 thousand meters, with 4 million 790 thousand meters of filament yarn and 1 million 20 thousand meters of short fiber cloth, including 340 thousand cotton cloth, 150 thousand TC cloth, 400 thousand 400 thousand meters of cloth and 30 thousand meters of cotton cloth.

Summary: crude oil and PX are stable and strong.

PTA spot

Prices remain volatile, macroeconomic factors are negative, the market is still weak shocks pattern, the recent price rebounded to 9600-9700 points blocked, the market is rising resistance, short-term market is still certain.

[technical analysis]

This week, the PTA1105 contract opened at 9600 today, after the highest rush to 9666 points, the lowest 9536 points in the day, closing 9576 points, the overall maintained at a high level of oscillation.

However, because of the low demand for terminal demand, the upward pressure on the market is bigger. Recently, the two sides are in a stalemate. Recently, there are many uncertainties in the macro level and fundamentals. There are still more variables in the market recently. The recent operation interval is at 9300-9700 points.