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Poor Macro Atmosphere; &Nbsp; PTA Lighten Down

2012/3/7 15:57:00 20

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Disk situation: Zhengzhou PTA1205 contract opened at 9218 yuan / ton, closing at 9168 yuan / ton, down 40 yuan / ton compared with the previous trading day, or 0.43%.

Turnover increased to around 499 thousand hands.

Warehouse volume

Reduce 46138 hands to 261 thousand and 800 hands.

On 1 and 5, Asian PX prices are maintained at 1658.5 US dollars / ton FOB Korea and 1683.5 US dollars / ton CFR China Taiwan / Mainland China.

2, Sinopec slicing week guide price: half light section report 11100 yuan / ton, glossy slicing newspaper 11150 yuan / ton.

3. The 700 thousand ton PTA plant of Ya Dong petrochemical in Shanghai was knocked down by force majeure on Wednesday last week. The weekend has been reopened and the device is running normally.

Spot price: the atmosphere of East China's domestic market has declined slightly.

Offer

9100-9150 yuan / ton, the delivery intention is 9050 yuan / ton, the negotiation is expected to be 9050-9100 yuan / ton, and has not heard of the actual offer.

US gold plate PTA spot market atmosphere declined, Taiwan's cargo shipment quoted $1210-1215 / ton, delivered 1200-1205 U.S. dollars / ton, negotiating $1205 / ton, Korean products shipped 1195-1200 U.S. dollars / ton, delivered 1185-1190 U.S. dollars / ton, negotiate 1190-1195 U.S. dollars / ton, trading deadlock.

Stock data: 4145 warehouse receipts, an increase of 200 copies compared with the previous trading day, with an effective forecast of 1198.

Conclusion: international crude oil price rises slightly, and is subject to tension in Iran.

Situation

Support, but China lowered the expected growth target of GDP to curb the rally. Asian PX quotas remained stable, and spot dynamic profits ranged from -100 to -350 yuan / ton.

Domestic mainstream suppliers in March PTA contract price quoted to about 9600-9800 yuan / ton, PX high prices continue to push up PTA costs, but polyester factory high inventory, downstream demand is not good for PTA price uplink space, domestic cut GDP expected growth target to suppress market atmosphere.

PTA spot is stable, and the market atmosphere is declining. In Jiangsu and Zhejiang, the market confidence in the downstream weaving Market is obviously insufficient, and the purchasing trend is cautious.

The PTA 1205 contract was reduced, and the price test was supported by the 5 day line. The short line continued to test the 9246 pressure of the previous high point and maintain the trend of interval shocks.

Operation, short-term intra day trading.