Technical Indicators Show Signs Of Strength &Nbsp; PTA Volume Ascension.

Zhengzhou PTA futures The 22 day volume rose, the main 1205 contract closed 8114 yuan / ton, up 126 yuan. The failure of the US Congress to reach a deficit reduction agreement and Europe's inability to solve the debt crisis have depressed market sentiment. Recently, crude oil ended a round of rebound began to callback, upstream PX prices continued to decline, PTA cost center of gravity moved down. Plus the downstream polyester. production and marketing The situation is not optimistic, PTA demand in the short term. Fatigued and weak It's hard to get better. From the point of view, PTA will go up and recover after 5 days and 10 days. average The bottom of KDJ and RSI rebounded to 50, and the MACD red column enlarged slightly, and technical indicators showed signs of turning stronger. In the short term, PTA is expected to maintain a cautious rebound trend.

New York Mercantile Exchange (NYMEX) crude oil futures 22 day electronic disk Steady The previous decline was frustrated by worries surrounding the debt problem in Europe and the United States. Therefore, there was news that the special committee of the United States Congress for deficit reduction was deadlocked on related issues. Members held the last meeting on 21, with a view to finalizing the agreement at the last minute, but the market has already prepared for the failure of the negotiations. The debt crisis in Italy has not yet subsided, and the market has seen the news of the deterioration of the French sovereign credit rating. As of 11:30 Beijing time, NYMEX light crude oil futures rose $0.15 in January, or 0.15%, to $97.07.

OPEC recently released a basket of oil prices in November 18th for 109.12 U.S. dollars / barrel. It fell by 1.71 dollars compared with November 17th. In November 21st, Asian PX prices basically stabilized at 1374 US dollars / ton FOB Korea, and European PX prices basically stabilized at $1296 tons FOB Rotterdam. The market of PTA and MEG showed an adjustment trend and wait-and-see dominated.

On the market side, PTA spot price is upturned, MEG price is stable, half light polyester chip, gloss polyester chip price up, CDP slice price consolidation, polyester bottle price unchanged. On the market, half light section cash mainstream is in the 10050 yuan / ton, the mainstream chips are in the 9950 yuan / ton, the CDP slice Market spot transaction price in 10900 yuan / ton three months acceptance, the PET bottle piece market generally delivers the transaction price at 10900 yuan / ton. The market for polyester chips is strong and the volume of trading is still low.

Downstream, the downstream weaving rate is not enough. Polyester filament Market watching, downstream weaving manufacturers, Canadian enterprises have little action to buy Polyester. The polyester market is in a general state. The price of local spinning factories is basically unchanged. The DTY and FDY quotas of individual factories in Xiaoshao area have been lowered. The volume of polyester market is medium level, and the volume trading is not large.