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December 10Th PTA Daily Review: Peripheral Trend Improved &Nbsp; PTA Closed Slightly Higher

2010/12/11 15:15:00 47

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Zhengzhou

PTA

Futures rose slightly in December 10th.

The main contract 1105 opened 9490 yuan / ton, closing 9560 yuan / ton, up 6 yuan, turnover 316900 hands, 170922 positions.

The trend of crude oil is stable and its peripheral trend has been improved, and PTA has edged up slightly.

However, the PTA downstream industry has a cautious attitude towards holding goods, and most of them still rely on wait-and-see.

Technically, PTA1105 has a resistance near the 20 day line and 10000 points in the short term, which should be relatively strong.

It is expected that the price will fluctuate in the short term.

New York Mercantile Exchange (NYMEX) crude oil futures on 10 days

Asian electronic disk

Steady, over 88 dollars / barrel.

As of 15:00 Beijing time, NYMEX crude oil futures in January reported 88.74 U.S. dollars / barrel, up 0.37 U.S. dollars, or 0.42%.

Traders were reluctant to build their positions on a large scale until the 12 meeting of OPEC.

OPEC Secretary General Badri said 9, the price of crude oil rose to 100 U.S. dollars / barrel will not hurt the global economy.

CMC Markets analyst David Taylor said the US proposal to extend tax cuts reduced investor demand for commodities and stimulated investors to take profits after the oil price surged to a 26 month high of $91.

China's foreign trade import and export situation was released 11 months before the General Administration of Customs in December 10th.

According to customs statistics, from 1 to November, the total value of China's imports and exports was US $2 trillion and 677 billion 280 million, an increase of 36.3% over the same period last year (the same below).

Of which, exports amounted to 1 trillion and 423 billion 850 million US dollars, an increase of 33%; imports of US $1 trillion and 253 billion 430 million, an increase of 40.3%; the trade surplus was US $170 billion 420 million, a decrease of 3.9%.

Market, on the 9 day, Shengze chemical fiber market, PTA prices fell.

MEG

The price is stable, semi gloss PET chips, large gloss polyester chips price is stable, CDP slice price is stable, polyester bottle piece price is 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, due to the low turnover rate of weaving factories in the previous stage and the low firing rate of the bomb companies, the market atmosphere of polyester and silk in Shengze and Jiaxing markets is weak, and the overall trading volume is below the average. The production and marketing situation of the spinning mills is uneven, and the stock of polyester fiber is increasing.