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    Cost Support Is Still In &Nbsp; PTA Goes Up Moderately.

    2012/3/13 17:03:00 4

    Polyester Stock Market

    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.


       New York commercial futures exchange NYMEX (crude oil futures) on the 13 day, the Asian electronics market shook moderately, and the Greek issue ended for a while. In general, Greece has won a year's breathing time for itself, easing the tension of the market to a certain extent. Last December and January this year, OPEC's crude oil output remained at 30 million 900 thousand barrels per day, the highest level since October 2008, compared with 400 thousand barrels per day in January. Given that OPEC's supply will remain high in the short term to fill the potential gap due to the embargo in Iran, the expected high oil demand is not long. As of 11:30 Beijing time, NYMEX crude oil futures in April reported 106.92 U.S. dollars / barrel, up 0.58 U.S. dollars.


    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.


    Spot market, PTA North China The market is light, the market offer price is about 9000 yuan / ton, and the downstream manufacturer's delivery price is around 8900 yuan / ton, and the actual price is around 8950 yuan / ton. Market supply is normal, downstream demand is light, market trading atmosphere is poor, and actual talks are scarce. PTA the domestic market in East China is light. The price of the holder's offer is about 8950 yuan / ton, and the downstream delivery price is around 8850 yuan / ton, and the actual price is 8850-8900 yuan / ton.

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