Cost Support Is Still In &Nbsp; PTA Goes Up Moderately.
Zhengzhou PTA futures rose early in the morning on the 13 day, and the main contract 1205 closed at 6092 yuan / ton, up 8 yuan / ton. The impact of international market economic data is gradually dispersed and waiting for new news from Greece. The domestic market is under the dual pressure of high cost and high inventory. The production of polyester in the lower reaches has been enlarged, the demand for PTA has decreased, and the price pressure has been decreasing. However, the supply of PX is tight, the price is relatively strong, and the cost of PTA is strong. It is expected that Zheng PTA will maintain its momentum in the near future.
In the international market, the latest monthly budget data released by the Treasury Department on Monday showed that the budget deficit in February was US $231 billion 680 million, an increase of about US $9 billion over the same period last year. Investors are concerned about what will be announced on Tuesday. American Federation The open market committee's latest assessment of monetary policy. Officials have hinted that there will be no new stimulus plan.
Upstream raw materials, the US PX market offer price slipped 15 US dollars / ton to US $1575/1585 / ton FOB US Gulf, PX market in the United States was light, and market negotiation was limited. The price of PX market in northwest Europe is stable at $1560-1562 / ton FOB Rotterdam, and the PX market in Europe is generally low. Asian PX market price rose slightly 3 US dollars / ton to 1667-1668 US dollars / ton CFR China Taiwan / Mainland China, and 1642-1643 US dollars / ton FOB Korea.
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