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Peripheral Market Trend Improves &Nbsp; PTA Maintains Short Thinking.

2011/12/12 15:06:00 36

Zhengzhou PTA futures rose 9 days later, the main force 1205

contract

8390 yuan / ton, up 6 yuan.

Last week, five PTA maintained a shock operation pattern, and the pressure on the top was still large.

On the basic level, the improvement of downstream demand will support the PTA price, but with the completion of the replenishment of demand enterprises, the latter demand will be further weakened, thus reducing the price support.

The PTA spot market is down, buying is slightly depressed, and the short term is facing 60 day line pressure.

Crude oil rose last Friday, the dollar weakened, the stock market pulled up, and PTA remained short.

Crude oil futures on the New York Mercantile Exchange (NYMEX) rose more than $1 on the 9 day, and news of mixed feelings from Europe and China led to intraday oil price fluctuations, but the end of the session rose sharply.

NYMEX January light crude oil futures contract settlement price rose $1.07 to $99.41 a barrel, or 1.1%, and the contract fell 1.5% this week.

ICE Brent crude oil January contract settlement price rose 51 cents, to $108.62 a barrel, or 0.5%.

European leaders announced a new deal with sovereign debt issues

Agreement

But the agreement lacks a comprehensive solution that the market has been looking forward to.

China announced that it will launch a foreign exchange investment tool of 300 billion US dollars through two funds, two funds targeting the United States and Europe respectively.

China's industrial added value is slightly lower than expected, but the inflation rate has also declined, which allows the central bank to relax the expected warming of monetary policy to boost economic growth.

On the spot side, the East China PTA spot offer is 8550-8600 yuan / ton, the purchase price is 8500 yuan / ton to the price, the negotiation value is delivered at 8500-8530 yuan / ton.

Asia PTA Taiwan bonded offer is $1110-1115 / ton, and the reference price is about $1105 / ton.

South Korea's bonded offer was $1095 / ton, and the purchase price was $1085 / ton, or about 1090 U.S. dollars / ton.

Downstream market, East China polyester staple fiber

Quotation

Up to now, the mainstream price of direct spinning semi gloss 1.4D is reported at 10900-11000 yuan / ton, and cash to 10850-10900 yuan / ton.

East China market polyester market continues to rise, manufacturers offer different range of increase, the range of 200 yuan / ton, now POY, FDY and DTY150D respectively reported 11500 yuan / ton, 11700 yuan / ton and 13100 yuan / ton, downstream buying actively, production and marketing better.