Rising Costs Prompted PTA Weak Shocks

Zhengzhou

18 days

The main contract 1209 was 7294 yuan / ton, up 122 yuan.

Greece, which is concerned about the market, has finally settled in the euro area, and finally the dust has settled, and the market atmosphere has warmed up and the panic has been contained.

Naphtha and ethylene also stabilized at low consolidation.

however

Is still the trend of the constraints, but if there is no new short-term market outlook, the PTA market will not last long.

Within days, long entry operations will rebound or continue.

Crude oil futures prices on the New York Mercantile Exchange (NYMEX) closed down on Monday, as worries about the rising cost of borrowing in Spain continue to worry investors about the prospect of oil demand and the worsening eurozone sovereign debt crisis that could lead to global economic growth.

The delivery of light crude oil futures in July fell 76 cents to $83.27 a barrel, or 0.9%, the first decline since the three trading day of New York crude oil futures.

In the second quarter, oil prices in New York fell by 19%, and so far this year has fallen by 16%.

The Greek conservative new democratic party, which supported the international rescue agreement, won by a narrow margin in the Greek campaign of June 18, 2012 Beijing time. The party will seek to unite other political parties to form a coalition government to support austerity measures, and will take prompt measures to achieve the goal of strict austerity set by international creditors.

Analysts believe that the possibility of Greece's withdrawal from the euro zone is significantly reduced.

Upstream raw materials, the US PX market offer price rose 40 U.S. dollars / ton to 1295-1305 U.S. dollars / ton FOB US Gulf, the United States PX market is flat, actually not much.

Asian PX market price rose 42 US dollars / ton to 1273.5-1274.5 USD / ton CFR China Taiwan / Mainland China, and 1250.5-1251.5 USD / ton FOB Korea.

In the spot market, the price of the East China domestic market is close to 7250 yuan / ton, and the price is about 7150 yuan / ton, and the price is about 7200 yuan / ton. The price of us gold platform is about 920 US dollars / ton, and the price is 900 US dollars / ton. The price is expected to be about 910 US dollars / ton. The price of the Korean product is about 910 dollars / ton, the price of the delivery is near 890 dollars / ton, and the price is expected to be around 900 dollars / ton.