The Market Atmosphere Has Obviously Turned &Nbsp; PTA Has Gone Down.

Zhengzhou PTA

New York commercial Futures Exchange (NYMEX) crude oil futures 10 Asian electronic disk following the Asian stock market decline, due to Italy bond yields hit the high point of 7.5% on the 9 day after the euro, European debt worries escalated.

As of 11:30 Beijing time, NYMEX crude oil futures rose 95.72 yuan / barrel in December.

The yield of Italy's 10 year treasury bonds rose to 7.476% in the 9 day after the launch of the euro. In view of the fact that Greece, Portugal and Ireland were forced to seek assistance after the yield of treasury bonds exceeded 7%, 7% was regarded as a horizontal line to judge whether a country could continue to pay its debts.

This week the focus of the eurozone has shifted from Greece to Italy.

Although Italy's prime minister Berlusconi has announced his resignation, Italy's debt outlook is still not optimistic.

Italy's ten year treasury bond yield rose to more than 7% on the 9 day, exacerbating investor concerns.

Italy's bond yields surged to the highest level since the euro came out on Wednesday, after Clearing Corp CH.Clearnet raised the margin requirement for trading Italy bonds.

The yield on the 10 - year treasury bond rose 7%, after Greece, Ireland and Portugal were forced to apply for relief after their yields rose.

The spot market, East China domestic market offer maintained at 8300 yuan / ton, the delivery of more than 8100-8150 yuan / ton, the real single paction in 8150-8200 yuan / ton; the United States gold platform Taiwan's supply of goods maintained at 1090-1100 U.S. dollars / ton, the delivery maintained at about 1080 U.S. dollars / ton, Korea's supply of goods to maintain at about 1065 U.S. dollars / ton, the market atmosphere of negotiation stalemate, buying intention lower.

Basically, as a textile raw material, the contradiction between PTA and cotton lies in the downstream blockage.

As the downstream textile, shell and slicing enterprises began to fall significantly, the polyester manufacturers' sales situation of polyester products was weak and their stocks were high. Polyester polyester has been dropping faster since November, but it has not attracted the popularity of downstream.

As a result, the demand for PTA has also shrunk, and short-term confidence is hard to recover.