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Peripheral Markets Generally Rose &Nbsp; PTA Will Maintain A Rebound.

2011/10/28 16:41:00 19

Zhengzhou PTA futures rose slightly on the 27 day, while the main 1201 contract closed 8754 yuan / ton, up 54 yuan.

European debt crisis eased, PX prices slightly stabilized, the price has risen, but downstream.

Weaving industry

Under the backlog of stock, lack of orders and tight funds, the operating rate is decreasing, stocking is more prudent, and PTA demand is difficult to raise, which will inhibit the price rebound.

Overnight crude oil rose, the US dollar fell sharply, and the external stock market futures market linkage increased. It is expected that PTA will maintain a rebound pattern in the short term.

The New York Mercantile Exchange (NYMEX) crude oil futures closed sharply higher on the 27 day. The settlement price reached its highest level in the past three months. It reached an agreement on the Greek debt problem in the former Europe, and the data showed that the US economic growth reached the highest level in one year.

NYMEX light crude oil in December

futures

The contract settlement price rose 3.76 US dollars to $93.96 a barrel, or 4.2%, the highest level in August 1st.

European leaders reached an agreement on Greek sovereign debt impairment and the expansion of the euro zone relief fund to 1 trillion and 400 billion euros to prevent the spread of the debt crisis.

Traders said that the euro rose strongly against the US dollar under the influence of the above agreement, which boosted the purchase of crude oil.

Upstream market, naphtha stabilized at $866-867 / tonne CFR Japan; heterogeneous MX stabilized at $1265-1266 / tonne FOB Korea; Asia PX stabilized at 1530-1531 US dollars / ton FOB South Korea, Europe stabilized at 1461-1463 US dollars / ton FOB Rotterdam, the United States stabilized at 1515-1520 US dollars / ton FOB Gulf of America.

Spot, PTA spot prices temporarily stable.

invol

The offer is mostly around 9000-9050 yuan / ton, and the negotiation is close to 8950 yuan / ton, and the partial counter offer level is 8900 yuan / ton.

On the outside side, Taiwan's spot offer was at 1170-1175 US dollars / ton, which was generally around 1155-1160 US dollars / ton, and Korea's spot trading was close to 1140 U.S. dollars / ton.

In the downstream market, the polyester products in Jiangsu and Zhejiang provinces are generally stable, and a few factories are selling well or the price is low. The market confidence is still unstable. Preferential or slight price reduction still appears, and the downstream procurement is more cautious.

The production and sales of polyester and polyester products in mainstream factories in Jiangsu and Zhejiang provinces continued to slide, most of which were 6-8.

Direct spinning polyester and short market today is quieter, downstream replenishment sentiment is low, staple fiber factory early quotation is generally stable, half light 1.4D mainstream offer 12400 yuan / ton cash or local delivery, most of the actual business can still be negotiated.