PTA Weak Rise &Nbsp; Disk Pressure Still Exists.
Zhengzhou PTA futures rose weaker in early trading in May 10th. The main contract 1109 opened 9656 yuan / ton, closing 9646 yuan / ton, up 22 yuan / ton, turnover 404400 hands, holding 218538 hands.
Overnight crude oil rose, driving PTA cost rebound. China's CPI announced in April that the market is expected to maintain a 5% high position and inflation pressure is still relatively large. The East China electricity shortage and the appreciation of the renminbi are unfavorable to the downstream demand of PTA, and the pressure of expanding domestic PTA capacity in the medium term is greater. It is expected that the PTA will be easy to fall and difficult to rise in the future market, focusing on the 9860 front-line pressure.
New York business futures Exchange (NYMEX) crude oil futures 10 Asian electronic disk downward pressure, 9, oil prices once rebounded sharply, up more than 5 U.S. dollars. The Chicago Mercantile Exchange (CME) raised the margin of US crude oil futures by 25%. As of 11:30 Beijing time, NYMEX crude oil futures in June fell $1.5 to $101.05 a barrel. Analysts said CME will bring us crude oil futures. transaction The 25% increase in margin and the implementation before May 10th is the reason for the oil price to fall after the 9 day's rise.
At home, the National Bureau of statistics will announce the main macroeconomic data in April on 11. Analysts believe that as vegetable prices fell sharply and commodity prices rose initially curbed, CPI growth in April may be flat or slightly lower than last month. Experts believe that the operation of the real economy will remain stable. In April, the growth rate of industrial added value and fixed assets investment above scale obviously declined. This means that the overall level of stable prices will remain a short-term priority.
On the spot side, the price of the PTA market in eastern China has declined slightly. The market offer is mostly 10000-10050 yuan / ton, the downstream delivery is 9900-9950 yuan / ton, and the market negotiation is maintained at 10000 yuan / ton, and the turnover is rather limited, with a real single reaching 9900 yuan / ton. The price of PTA outside the market continues to decline. The offer for Taiwan's products is mostly $1270-1280 / ton, with a turnover of US $1260 / ton, mainly based on 1260-1270 US dollars / ton.
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