The Trend Is More Resistant To &Nbsp; PTA Narrow Lifting.

Zhengzhou PTA

New York commercial Futures Exchange (NYMEX) June crude oil contract closed up 3.19 dollars on the 18 day and the settlement price was $100.10.

Crude oil inventories decreased by 15 thousand barrels in May 13th, while 1 million 500 thousand barrels were expected to increase.

The Greek finance minister said the Greek government will announce a new fiscal tightening of 6 billion euros in the next few days, and the market's concerns about Greece's debt problem eased slightly.

In addition, the Fed's April meeting minutes showed that Fed officials were not eager to tighten monetary policy to further assist the rally.

Macroscopically, after the release of macroeconomic data in April, the central bank once again raised the deposit reserve ratio. In the short term, the probability of domestic regulation and control policy easing is not large. In June, the probability of the central bank raising interest rates again was relatively high. The domestic policy environment decided that the PTA vulnerable pattern could not be quickly reversed.

In the international market, the Fed's future policy is not yet clear, and the market is facing a high degree of uncertainty. It is expected that the weak pattern of PTA futures will continue.

Market, Shengze chemical fiber market, PTA spot price increases, MEG prices lifted, semi gloss PET chips, large gloss polyester chip prices rebounded slightly, CDP slice price consolidation, polyester bottle price stable.

On the market, half light section cash mainstream is in the 11850 yuan / ton, the mainstream chips are in the 11700 yuan / ton, the CDP slice Market spot paction price in 12900 yuan / ton six months acceptance, the PET bottle piece market generally delivers the paction price at 12300 yuan / ton.

Downstream, upstream raw material prices have been upturned, polyester sales have also improved, while spinning manufacturers have a high inventory and strong shipments, and downstream market is not ideal.

Prices have stabilized and rebounded steadily. Shengze has been spinning large factories POY individual specifications rose 100 yuan / ton, Shengze and Jiaxing polyester market trading volume has been significantly enlarged, downstream weaving factory, the bomb industry has small batch filling action.