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Crude Oil Miumi Fell &Nbsp; PTA Has Callback Needs.

2011/7/15 19:22:00 39

Zhengzhou PTA futures continued to pull up on the 14 th, and the main 1201 contract closed to 9274 yuan / ton, up 196 yuan.

The signs of a decline in domestic economic growth and a sharp rise in downstream demand have pushed the recent market capital to promote the rapid rebound of PTA, but the supply and demand tend to be relaxed to limit the upside of PTA.

The PTA spot market is picking up, and the buyers are reluctant to sell at a low price.

Polyester chips continued to increase, partly because of the shortage of stocks and no specific quotations.

Overnight crude oil and

American cotton

Both fell, and the short-term PTA trend is expected to be callback.

The New York Mercantile Exchange (NYMEX) crude oil futures closed down on the 14 day, because the Federal Reserve Chairman Bernanke Bernanke said that the bank would not immediately launch the third round of quantitative easing plan to provide further support for the US economy. (Ben)

NYMEX light crude oil futures fell $2.36 in August, closing at $95.69 a barrel, or 2.4%.

ICE Brent crude oil futures clearing price fell $1.59 in September to $116.26 a barrel, or 1.3%.

Intercontinental Exchange (ICE) cotton fell on the 14 day and was hit by the sell-off of investors.

Analysts said the market failed to maintain the previous day's rally, prompting market participants to sell cotton futures contracts.

Asian PX prices continue to rise, PTA spot dynamic profits remain at around 700-900 yuan / ton, short-term market funds to promote speculation PTA quickly rebound, but the supply and demand tends to relax restrictions on PTA upside space.

Spot price

PTA spot

The market atmosphere is good, polyester factories are still in existence.

replenishment

The spot offer is about 9150-9200 yuan / ton, and the downstream delivery price is low. The real negotiation is started at the range of 9050-9100 yuan / ton, but the selling price is low.

The external market atmosphere is slightly deadlocked, and the sellers are reluctant to sell at low prices. The buyer is not easy to inquiries at a low price. He heard that the Taiwan shipping quote was $1175-1180 / ton, and the downstream delivery price was $1170 / ton, and the deal was at $1172-1175 / ton.

Downstream, the downstream purchase intention appears, but the chemical fiber spinning plant polyester silk product stock is in low position, some varieties supply is tight.

Polyester trading atmosphere is still good, trading volume to maintain a certain level, polyester POY multi F product supply is tight, some spinning manufacturers are still showing up trend.

The production of polyester fine denier products in Shengze and Jiaxing markets has also increased steadily.