PTA Futures Open Lower &Nbsp In December 8Th, And Market Panic Is Hard To Dissipate.
Zhengzhou PTA futures closed lower in December 8th.
The main contract 1105 opened 9470 yuan / ton, closing 9440 yuan / ton, down 38 yuan, turnover 614200 hands, holding 165670 hands.
Overnight, the dollar rebounded to bring oil to a high level. PTA's downstream industry has a cautious attitude towards its holdings. Most of them are still on the sidelines.
In addition, this week before and after the interest rate sensitive window to usher in the market panic in the short term, it is difficult to disperse.
The expected price will remain volatile in the short term.
New York business
Futures trade
The (NYMEX) crude oil contract in January fell 7 US dollars or 0.77%, at 88.69 US dollars per barrel, 0.69.
The data Research Institute of MasterCard announced that US gasoline demand increased or 1.1% to 9 million 437 thousand barrels per day as of December 3rd, indicating that oil demand is improving.
The US tax cuts also helped to boost crude oil futures, but Democrats questioned Obama's quick compromise with the Republican Party and the market's fear that the Irish economy could not afford severe fiscal tightening, resulting in a sharp fall in crude oil from high.
Falling crude oil will cut chemical costs and adverse future prices.
According to data released by the American Petroleum Institute on 7 th, crude oil inventories in the United States decreased by 7 million 300 thousand barrels in the week of December 4th, gasoline inventories increased by 4 million 800 thousand barrels, and refined oil inventories increased by 1 million 700 thousand barrels.
paction
The focus of attention will shift to the DOE inventory report.
In addition, OPEC will also hold a meeting in Ecuador later in the week 7.
Market participants will pay close attention to any statement issued by the conference, but it is widely expected that OPEC will maintain production quotas unchanged.
Market, 7, Shengze chemical fiber market,
PTA price
Decline, MEG prices fell, semi gloss polyester chips, large light polyester chip prices stable, CDP slice prices stable, polyester bottle prices stable.
On the market, half light section cash mainstream 11400 yuan / ton, glossy slice cash mainstream 11300 yuan / ton, CDP slice Market spot paction price in 12600 yuan / ton six months acceptance to deliver, polyester bottle piece market generally delivers price 11800 yuan / ton.
On the downstream side, although the amount of stockings produced by the weaving mills and the bomb companies is not large, the spinning mills still have stock pressure.
Recently, polyester trading atmosphere has been warmer and production and sales have increased significantly. However, most chemical fiber spinning plants take into account the pressure of inventory and sell at actual prices.
The overall volume of trading has declined slightly, and the production and marketing situation of spinning mills is uneven.
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