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Spot Market Restart After &Nbsp; PTA Or Concussion Finishing

2012/2/15 15:56:00 18

Spot Market Restart

Zhengzhou PTA futures contract opened on the 14 day, and the main contract 1205 contracts closed 9132 yuan / ton, up 6 yuan / ton.

Moodie lowered the sovereign ratings of the 6 countries in the euro area, and the market confidence was setback.

However, because of Greece's cut agreement, crude oil futures 1 closed up.

At home, Premier Wen said the policy fine-tuning was first made in the 1 quarter.

On the basic level, the rise of PTA's initial market has eased gradually. However, the short term replenishment of the cost and the short term replenishment of the downstream sector still play a role in the upward trend of the price.

Short-term

It is still possible to maintain a strong sense of shock.


Futures prices on the New York Mercantile Exchange (NYMEX) closed down on Tuesday because of weak U.S. retail sales, the decline in the US stock market and the rise in the US dollar, which brought pressure to the market, prompting technical momentum evaporation earlier in the day.

The delivery of light crude oil futures in March fell 17 cents to $100.74 a barrel, or 0.2%.


Domestic market, polyester market is still in the temperate.

state

Although the price of polyester in Tongxiang market has increased sporadically, there is a 100 yuan /T increase in the local mainstream factory, but the price of other local spinning factories remains unchanged.

In the market, the volume of medium volume is weak, volume trading is almost no, and market varieties are messy, and some factories still have bargain price.


Upstream raw materials, influenced by Western sanctions, Iran's oil production and

Sale

Decline, crude oil futures prices remain strong shocks, the probability of short-term sharp rise is low, NYMEX crude oil futures contract in March rose to around 99 U.S. dollars.

The price of the external PX is temporarily stable at 1646 US dollars / ton, and the PTA production cost is around 8900 yuan / ton.


Downstream, Jiangsu and Zhejiang polyester trading reduced compared with last week, the mainstream production and sales of 5-8 to varying degrees, higher reluctance to do Ping.

Xiaoshao polyester market is also dominated by stable trend; Taicang polyester trend is stable, local mainstream enterprises weekend part of the specifications are still fragmentary rise, yesterday to Ping newspaper.

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