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Zhengzhou PTA Futures Recovered In Late March 2Nd, And Rose Later.

2011/3/3 16:03:00 36

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Zhengzhou PTA futures recovered in late March 2nd and rose slightly. The main 1105 contract opened at 11836 yuan / ton, closing at 11922 yuan / ton, up 38 yuan / ton, 710000 hands in turnover and 202190 hands in positions. Cotton is strong and crude oil rises to raise the cost of raw materials.

However, there are many uncertainties in the external environment.

Terminal demand

No substantial improvement has been made, and PTA can hardly get out of the independent market in the short term.

In the sensitive period to be held in the annual "two sessions", short-term PTA will be dominated by concussion.

New York commercial Futures Exchange (NYMEX) April crude oil contract 1 day settlement price rose 2.66 US dollars, closed at 99.63 US dollars per barrel, or 2.7%.

In February, the growth rate of US manufacturing industry hit the highest level since May 2004, indicating that US crude oil demand may continue to rise.

The escalation of the North African turmoil has raised fears that more similar incidents will occur in the Middle East and North Africa.

US warships and planes are approaching North Africa, which is considered a symbolic display of force.

Rising crude oil will increase the cost of chemical industry.

futures

The price is favorable.

On the market side, on the 1 day of Shengze chemical fiber market, the spot price of PTA rose, MEG quotations rose, the price of semi gloss polyester chips, large gloss polyester chips were consolidated, CDP slice prices were stable, and the price of polyester bottles was consolidated.

On the market, half light section cash mainstream 13600 yuan / ton, glossy slice cash mainstream 13500 yuan / ton, CDP slice Market spot paction price 14300 yuan / ton about six months to accept the delivery, polyester bottle piece market generally delivers price 14000 yuan / ton.

Downstream, PTA and MEG prices rebounded, polyester trading atmosphere warmer, and downstream factories to buy positions, purchasing power began to pick up again.

Polyester sales

Things are improving.

In some factories, the POY production and sales rate has picked up, but the stock of polyester factories is on the high side. The quotations of direct spinning factories and sliced spinning enterprises in Shengze and Jiaxing are all stable.

Overall, in the face of rapidly rising prices, "anti inflation" has become an important task of this year's macroeconomic regulation and control. In the sensitive period to be held during the annual "two sessions", market anxiety is heating up.

Therefore, under the premise of sharp fluctuations in the external market, intensified domestic control of inflation and poor terminal consumption, PTA will not be able to get out of the independent market in the short term and will be more likely to follow the fluctuation of external commodities.