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Market Sentiment Is Less Than &Nbsp; PTA Weak Shocks.

2011/12/28 10:31:00 11

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Market review:

On Tuesday, PTA (8278,50.00,0.61%) rose slightly after opening, but remained in a state of turbulence throughout the day.

The main force 1205 opened in 8202, the highest 8256 in the day, the lowest 8172, ending at 8226, the average daily.

fall

30 yuan / ton.

Intra day trading continued to shrink to 417500, holding 5792 to 324756.

Downstream market:

In the Jiangsu and Zhejiang provinces, the overall quality of polyester products has been stable, and a small number of factories have been making moderate concessions.

In the mainstream factories in Jiangsu and Zhejiang, the production and sale of polyester are generally 6-8, and the factories in Xiaoshao are 75%, 65%, 75%, 70%, 80%, 70%, and some factories in Shengze, Taicang, Wuxi, Zhangjiagang and Ningbo are 80%, 60%, 70%, 90%, 90% and 90%.

Most of the quotations of direct spinning polyester and short factories rose, mainly due to the low stock of polyester staple mills, while the downstream textile enterprises mostly maintained normal production replenishment.

Today, the business atmosphere is still good, most of the production and sales rate exceeds 100, but slightly lighter than yesterday.

Comprehensive comment:

Today, PTA remains narrow.

Shock

The atmosphere of market trading continued to slide.

Today's downstream polyester polyester market is also dominated by stability, and the PTA fundamentals remain quiet, especially at the end of the year. The market funds are tight overall, which limits the stocking of downstream enterprises. In addition, new year's holiday is approaching, followed by the Spring Festival holiday. Therefore, the downstream operating rate will gradually decrease after the new year's Eve, and the rigid demand will be weakened.

Under such expectations, downstream demand will continue to remain weak. Even if there is moderate stock after the holiday, PTA prices are expected to be limited. Therefore, caution should be taken in the possible rebound after the festival.

PTA experienced pressure drop on the 60 day moving average, and now there is a 20 day moving average below the average.

brace

The MACD and RSI indicators are stable without directional signals, and PTA will continue to shake.