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Crude Oil Will Continue To Rise To &Nbsp; PTA Will Have More Shocks.

2011/8/23 19:24:00 28

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Zhengzhou

PTA

Futures continued to rise on the 22 day, and the main 1201 contract was 10006 yuan / ton, up 142 yuan.

Yesterday PTA rushed to the 10180 line after the reduction of the warehouse, the short line in the 10000 pass shock is facing intensified.

Domestic PX and PTA device shutdown maintenance push

Fund speculation

It is expected that with the resumption of some PTA devices, the supply volume of the contracted goods market will be improved.

The PTA spot market quotation has been raised, and the downstream is more cautious.

Overnight crude oil

Go up

It is expected that the PTA will remain in the near future.

Shock

Too many.

New York Mercantile Exchange (NYMEX) crude oil futures 22

Closing quotation

The rise in Libya prompted investors to switch from Brent crude oil futures in Beihai to buying light crude oil futures in New York, prompting the former to fall in price.

NYMEX light crude oil futures closed up 1.86 U.S. dollars in September, closing at $84.12 a barrel, or 2.3%, hitting 81.13 dollars a barrel, hitting a maximum of $84.67 a barrel.

Asia PX fell 9 to 1620-1621 U.S. dollars / ton FOB Korea, Europe fell 9 to 1593-1597 U.S. dollars / ton FOB Rotterdam, the United States steady at 1560-1565 U.S. dollars / ton FOB Gulf of America.

Intercontinental Exchange (ICE) cotton rose slightly on the 22 day. Brokers said that the lack of macroeconomic information prompted many market participants to stay away from the sidelines and continue to maintain a low summer.

On the basic level, PTA is mainly short-term profits. The main advantage factor is the strong bullish atmosphere in the PX market. Besides, the downstream polyester stocks are low and the cost pfer is also smooth.

In the short term, such profits will continue to support high price rises.

However, after the restart of Ningbo Yisheng petrochemical and Ningbo Taiwan's failure devices, the market supply of PTA will gradually increase, which will effectively alleviate the situation of tight supply in the early stage, and will directly suppress the PTA price.

Downstream market, Zhejiang mainstream factory polyester production and marketing is better, most can do flat or slightly super, individual higher 150%, part of the lower 6-8.

Direct spinning polyester short weekend stable market, the market atmosphere is light, manufacturers offer more stable.

Today, most of the staple mills in the early morning are watching for a while. With the PTA futures open higher, some big factories in Jiangyin offer a slight increase of 50-100 yuan, and the quotations in Zhejiang and Fujian are generally stable. In the East China region, the semi mainstream 1.4D quoted price is 13200-13300 yuan / ton cash.