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June 30, 2010 PTA Spot Market Daily

2010/7/1 16:03:00 56

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Stock Market Textile Industry

PTA spot

The main price of cash in the main market is 7050 yuan / ton.

The horizontal price of cash on board cash plate: $855 / ton.

The price level of the spot cash plate is 830-835 USD / ton.

CCF PTA index: 1.5

Business news July 1st fell sharply on Tuesday's A share market overnight.

Outside stock

Commodity futures are weak, and PTA spot popularity is even more ineffective after the morning opening.

A small offer was reduced to 7100 yuan / ton in the inner market, and the possible negotiation was carried out within 7000-7050 yuan / ton. The general price of the 7050 yuan / ton price was much better.

There was a small number of spot quotes on the outside market, but the sellers were cautious in bidding, but the general buyers also evidently waited for the delivery. A small amount of exploratory testing was also worth $845-850 / ton. Some Korean goods heard that they were quoted near the $835-840 / ton, and a small amount of counter-offer was only 820-825 dollars / ton, and the deal was deadlocked.

In the afternoon, the PTA futures market did not continue to explore, and the stock market was slightly higher at the end of the session. In addition, some buyers in the external market, especially those in the external market, were driven by low enquiries.

Some buyers of the spot products have a counter-offer near the $850 / ton, while the general seller's intention is still around $860 / ton. In the afternoon, a single cargo spot in Zhejiang traded at the price of $855 / tonne, and it was accepted for polyester factories.

Another Jiangsu has arrived in paging in Europe for $855 / ton, which has been reached for traders.

The bulk of Zhangjiagang's bulk cargo is trading at a price of 860 US dollars / ton.

Han Chan

Goods in stock

On the other hand, some buyers handed in about 830 US dollars / ton, and the paction was conducted near the US $830-835 / ton.

In the short term, although the low price enquiries in the afternoon have increased slightly, the market divergence still exists, and the short-term trend is still constrained by the overall trend of stock market and commodity futures.

In terms of contract goods, Sinopec issued PX, PTA and MEG quotations in July for 7400 yuan, 7400 yuan, 6200 yuan / ton.

Downstream, today, Jiangsu and Zhejiang polyester production and sales in general, local moderate down, most factories in 6-8, individual higher can barely flat or slightly super, part of the lower is 3-4.