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Textile Market Confidence Slipped &Nbsp; PTA Continued To Fall.

2011/9/28 13:14:00 23

Zhengzhou

PTA futures continued to decline in early trading on 28 th, while the main 1201 contract received 8772 yuan / ton, or 136 yuan.

Although the ECB may buy secured bonds, the macro situation is still facing greater uncertainty.

Asian market PX prices are high and volatile, PTA cost rise is expected to weaken.

PTA spot price weakness fell, popularity was low.

The starting rate of textile industry has declined, and the purchasing intention of polyester fiber has been greatly reduced.

It is expected that short-term PTA will remain weak and closely monitor market changes.

New York commercial Futures Exchange (NYMEX) crude oil futures 28, the Asian electronic disk fell from 27 day high, fell more than 1%, because the dollar forced the dollar denominated assets are more expensive, and the rise in the United States commercial crude oil stocks also suppress the market.

As of 11:30 Beijing time, NYMEX crude oil futures in November reported 83.1 U.S. dollars / barrel, down 1.6%.

The settlement price at the previous day was $84.45, up 5.25%, the biggest percentage increase in four and a half months.

The upstream price of naphtha is 914 (+29) US dollars / ton CFR Japan, MX spot price is 1302 (+10) USD / ton FOB Korea, Asia PX spot price is 1639 (+10) USD / ton FOB Korea, PTA dynamic guaranteed price is near 9489 yuan / ton.

PX- naphtha oil price difference is 725 US dollars / ton, PX profit 375 US dollars / ton.

On the spot, PTA market in North China is light. The price of the holder's offer is about 9850 yuan / ton, and the downstream delivery price is around 9600 yuan / ton. The actual negotiating price is around 9700-9750 yuan / ton, the market atmosphere is light, and the actual negotiation is scarce.

East China's domestic market is weak, the price of the holder's offer is about 9800 yuan / ton, and the buying price is low. The price is 9500 yuan / ton, and the actual price is 9600-9700 yuan / ton.

Downstream market

At present, polyester raw materials market is low, polyester filament prices steadily decline, manufacturers only need to fill the warehouse to meet the rigid demand, and the volume is small.

The price of the polyester factories in Shengze market has not been changed. Last week, local manufacturers FDY 200-300 yuan / ton. Because the textile trade peak season is not prosperous now, the National Day holiday is approaching, and the downstream weaving has less enthusiasm for polyester raw materials.

In addition, the price of upstream raw materials is falling, polyester products are lack of upstream product support, dealers are selling mentality, and polyester is expected.

Downtrend

Will continue.