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PTA Afternoon Review: Cost Support To Reproduce &Nbsp; PTA Go Higher And Higher

2011/7/19 16:18:00 40

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Zhengzhou PTA futures 18 day morning high open high, the main 1201 contract to 9370 yuan / ton open, to 9400 yuan / ton, up 104 yuan, trading volume of 736500 hands, holding 366958 hands.

Crude oil rose on Friday, and PX rose again.

PTA cost

Support is reappearing.

However, Bernanke said the Fed will not immediately launch stimulus policies, and foreign cotton prices remain weak, affecting the PTA futures bull mentality.

At present, the new capacity is gradually put into operation, which is the biggest negative factor in PTA, so it is still in a relatively weak situation in the medium to long term.

On the disk, the recent PTA1201 concerns whether it challenges the 60 day moving average and the annual moving average, and suggests a temporary wait and see.

New York electronic exchange (NYMEX) crude oil futures fell slightly on the 18 day, and failed to last Friday's crude oil rally. The previous rally was prompted by investors' fears that the US debt default risk would cause further decline in the US dollar, thereby providing support for some commodity futures markets.

As of 11:30 Beijing time, NYMEX August light crude oil futures price fell 0.1 U.S. dollars, closed at 97.14 U.S. dollars per barrel, or 0.1%.

On the domestic side, in July 15th, Yao Jian, spokesman of the Ministry of Commerce, said that in recent months, the year-on-year growth rate of exports continued to fall. This year's surplus will fall further on the basis of last year's US $183 billion 500 million. At the same time, the proportion of the trade surplus in GDP will also decrease, and it will remain within 3% of the total.

Goods in stock

On the one hand, the PTA spot market is in a stalemate, and the shipper has a lower intention to sell at a lower price. The mainstream offer price is about 9200 yuan / ton, and the downstream polyester factories and traders are at the level of 9100 yuan / ton, and the reference price is close to 9150 yuan / ton.

The external market has a calm atmosphere. The Taiwan cargo reported a high price range of $1180-1185 / ton, and the Korean cargo was quoted at about $1170 / ton. The buyers and sellers were more cautious, and the firm offer was rarely heard.

Downstream, the downstream purchase intention appears, but the chemical fiber spinning plant polyester silk product stock is in low position, some varieties supply is tight.

The trading atmosphere of polyester is acceptable, and the volume of trading is maintained at a certain level.

Polyester filament

The supply of POY multi F products is tight, and some spinning factories are still showing a trend of rising prices.

The production of polyester fine denier products in Shengze and Jiaxing markets has also increased steadily.