Bulls Promote Fatigue, &Nbsp, PTA Or Adjustment Needs.
Zhengzhou PTA futures declined 8 days.
The main 1201 contract closed at 9010 yuan / ton, up 54 yuan / ton.
The PBOC unexpectedly raised interest rates, but the tightening process has slowed down significantly.
But the power limit will still affect the starting rate of chemical fiber and textile enterprises.
supply and demand
Tends to be loose and still suppresses PTA upwards space.
PTA spot is stable, and the shipper has little intention of shipping at a low price, and the market climate is deadlocked.
At present, the PTA rebound form has not been damaged, but the bull drive is weak, and the rebound material is coming to an end.
Last Friday, crude oil callback and US cotton rose slightly. It is estimated that PTA needs to be adjusted in the near future.
New York Mercantile Exchange (NYMEX) crude oil futures closed down on the 8 day, because the US Department of Energy announced the June non farm employment data disappointing.
NYMEX light crude oil futures fell $2.47 in August, closing at $96.20 a barrel, or 2.5%, the highest level since June 23rd.
In this week's paction, New York crude oil
futures
Prices have risen by 1.3%.
ICE Brent crude oil futures contract fell 38 cents to 118.21 U.S. dollars, or 0.3%.
Intercontinental Exchange (ICE) cotton futures closed slightly higher on the 8 day, driven by the buying of small investors.
Brokers say market participants are waiting for the government to adjust their positions on the 16 th week when they announce crop reports.
On the 8 day, the price of PX in Asia increased by 6 US dollars / ton, to 1362 US dollars / ton FOB Korea and 1382 US dollars / ton CFR Taiwan / Mainland China.
Installation, Ningbo Yisheng production capacity of 1 million 200 thousand tons PTA plant runs smoothly, the new capacity of 2 million tons of equipment to maintain 50% load operation, installation of another compressor will be put into operation recently.
At present, the new products begin to supply the market, and the quality of products is better.
Dalian Yisheng production capacity of 1 million 500 thousand tons PTA device maintains full load operation, the new capacity expansion of 500 thousand tons of capacity, plans to test this week, the products are fully executed contract goods, the company June PTA contract settlement price of 9750 yuan / ton, July listing price 9800 yuan / ton.
On the spot, East China
PTA domestic trade
The market strengthened slightly, the offer rose 100 to 9150-9200 yuan / ton, but the downstream delivery was still around 9050 yuan / ton, and the negotiations were around 9050-9100 yuan / ton, and the atmosphere of the market wait-and-see was strong.
Downstream market, Huadong direct spinning polyester and short factory trend stabilized, ending a series of cloudy fall, direct spinning semi gloss staple 1.4D mainstream cash offer price of 12700-12950 yuan / ton, the Zhejiang market cash to the price of 12700-12750 yuan / ton, downstream textile enterprises sales sluggish.
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