Stock Index Slumped &Nbsp; PTA Down

　 Boosted by strong stock market and optimistic economic data from the US, overnight NYMEX crude oil futures closed at a two year high, but close to Christmas holidays, the main oil futures in January rose 45 cents or 0.5%, closing at $89.82 a barrel, the highest closing price since October 2008.

Wednesday PTA High and low, some of the recent rebound rebound. The main contract TA105 opened 134 points higher, opened at 10100, the initial oscillation slowed down, the price was broken at 10000 yuan pass, the stock market index futures quickly slumped, exacerbated the decline in the market, the final stop stabilized, the final closing at 9930.

Overnight, the PX spot market in Asia declined slightly, closing down 7.5 US dollars to 1358.5-1360.5 US dollars / ton FOB Korea and 1376.75-1378.25 US dollars / ton. Spot shipment (buying) was $1370 / ton, but no interest in selling.

The Asian PTA spot market has a strong atmosphere, and Taiwan's bonded goods are quoted at $1195-1200 / tonne, which is reluctant to sell at the low price. The actual negotiation is started at $1190 / ton, and the supply of Korean goods is discussed at $1170-1175 / tonne. East China PTA Goods in stock The market atmosphere is strong, and the holder's offer is at 9600-9650 yuan / ton, and the buyer's inquiry is at 9500 yuan / ton. The mainstream talks begin in the range of 9500-9550 yuan / ton, and the market is scarce.

Asian glycol market is flat, the market quotation center of gravity glides, the cargo quoted price is in 1070 US dollars / ton, the buyer intention is 1060 dollars / ton or slightly lower, the discussion is estimated at 1060-1065 US dollars / ton, not much. East China ethylene glycol domestic market negotiation atmosphere is not good, offer at 8350-8450 yuan / ton, buyers enquiries at 8300-8350 yuan / ton, big single negotiation around 8350 yuan / ton, small single negotiation around 8350-8400 yuan / ton, a small number of real single achieve, sellers low price reluctant to sell.

East China PET chip The volume of business continued to increase, and the market center of gravity went up slightly. In the Jiangsu and Zhejiang market, high-quality semi gloss chips were reported to be 11350-11400 yuan / ton in March, and the mainstream transactions were 11300-11400 yuan / ton in March, and a few higher reached 11500 yuan / ton in March.

The main trend of Jiangsu and Zhejiang polyester market is stable, relatively high and low price adjustment, and Xiaoshao individual factories have a reduction in production movement, which has certain stimulation on the stability of polyester market. The price of individual factories is low and the price is 50 yuan / ton, 75D/36F, 150D/48F

The mainstream cash is 13600-14100, 12100-12400 yuan / ton; DTY quotation is stable, 150D, 200D and 300D are 13900-14300, 13200-13400, 13000-13300 yuan / ton; FDY is down 400 yuan / ton, 75/36, 120, 150 14900-15000, 12900-13100, 12400-12600 yuan / ton respectively.

There is a weak market trend in Jiangsu and Zhejiang. The mainstream quotation is 12000-12800 yuan / ton, and the focus of discussion is 12000-12300 yuan / ton. The trading atmosphere is weak, and the downstream demand is small.

The industrial chain is gradually showing signs of stabilizing, and the international crude oil price is above $90 / barrel. The Asian PX market is stronger than US $1300 / ton, and the domestic PTA production costs continue to remain high. In the early stage, the inventory of the downstream weaving enterprises was basically consumed, and there was a demand for filling up at the end of the year. At present, there are already sporadic buyers entering the market, and polyester production and sales are getting warmer again. On the technical side, the intraday price rises higher and lower, continuing to fall, testing the support of the 5 day short term average line below, but at the beginning of the market, it has once again refreshed the new round of rebound, and the 10000 integer gate pressure has weakened, and the upward trend of short-term oscillation is expected to continue.