The Peripheral Market Weakened Again, &Nbsp; PTA Fell.
Zhengzhou
PTA futures
On the 15 day, early trading continued to decline, and the main 1201 contract closed 8014 yuan / ton, or 136 yuan.
Optimism in the euro zone's financial stability subsided, and overnight the dollar strengthened and crude oil pressure fell.
In addition, upstream PX lacks support for PTA, and downstream demand.
Sluggish
The load of the terminal fabric decreased, the stock of polyester products increased, and the PTA fundamentals remained empty.
On the disk, though PTA stands on the 8000 pass, the rebound is not enough, and the short end continues.
PTA is expected to maintain a weak pattern in the near future.
New York commercial Futures Exchange (NYMEX) crude oil
futures
In November 15th, at the start of the Asian session, the foreign market fell overnight, worried that Italy and Greece's new government would weaken expectations of a worsening European debt crisis amid fears that Europe might slide into recession.
The Greek Conservative Party vowed on Monday to oppose any new measures to avoid Greek government bankruptcy, suggesting that the newly formed coalition government will have difficulty in obtaining cross party support from the lending institutions.
As of 11:30 Beijing time, NYMEX crude oil futures rose 98.27 yuan / barrel in December, up 0.13 US dollars.
At present, although the former member of the European Commission Monti has replaced Berlusconi as Prime Minister of Italy, the market still lacks confidence in the new cabinet's ability to deal with the debt crisis.
In Greece, the new prime minister Papademos and his new cabinet will face a vote of confidence on the 16 day. There is still a lot of uncertainty about whether Greece can get the aid money smoothly.
German Chancellor Merkel 14 said that at present, Europe may face the most difficult time after World War II, and the euro zone should be strengthened.
fuse
But there is no solution to the current debt crisis.
On the spot, the market of PTA North China is stable, the price of the holder's offer is about 8100-8150 yuan / ton, the downstream manufacturers' demand is flat, the market price is about 8000 yuan / ton, and the actual negotiating price is near 8050-8100 yuan / ton.
PTA the East China domestic market is temporarily stable. The price of the holder's offer is about 8100 yuan / ton, and the downstream delivery price is near 7950-8000 yuan / ton. The market paction atmosphere is dull, and the actual negotiation price is near 8000-8050 yuan / ton.
Downstream polyester, filament, Jiangsu and Zhejiang market polyester market stability is the main, FDY50D/24 mainstream quotation is 13800-14100 yuan / ton, DTY150D/144F mainstream quotation is 14700 yuan / ton, POY150D/288F mainstream quotation is 12000 yuan / ton, manufacturers reflect yesterday production and sales in 60% or so.
Slicing and slicing, the center of gravity rose slightly, and the market turnover of Xiaoshao market was 9800 yuan / ton. Traders began to see the bottom of the bargain.
rebound
The atmosphere of speculation is permeated.
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