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Cost Side Support Weakened &Nbsp; PTA Rebound Space Will Be Limited.

2011/7/26 16:37:00 34

Cost PTA Rebound

Zhengzhou PTA futures fell 25 days, the main contract 1201 closed at 9546 points, up 2 points.

Chinese leaders are demanding not to relax macro - control and bring pressure.


Upper reaches

PX price

After a fall, the cost support for PTA may decline.

The PTA spot market has a rather low trading atmosphere. There is not much talk in fact.

The mainstream of polyester chips is stable, and the market supply is scarce.

Overnight crude oil and US cotton continue to fall, it is expected that the PTA rebound will be limited in the near future, and the shocks will intensify.


The New York Mercantile Exchange (NYMEX) crude oil futures closed down in July 25th, and the US leaders of the two parties have not yet reached an agreement on raising the debt ceiling.

New York time 13:30 on July 25th (Beijing time 2:30 July 26th), NYMEX September crude oil futures fell 67 cents or 0.7%, to 99.20 dollars per barrel, ICE Brent crude oil futures lower 73 cents or 0.6%, to 117.94 dollars per barrel.


US cotton futures fell on Monday, analysts said.

market

Lack of direction and the negative popularity of the US debt crisis prompted investors to circumvent the cotton market and sell contracts.

Asia PX fell 7 to 1512-1513 U.S. dollars / ton FOB Korea, Europe rose 55 to 1523-1527 U.S. dollars / ton FOB Rotterdam, the United States steady at 1415-1420 U.S. dollars / ton FOB Gulf of America.


The spot price, the PTA spot market is dull, the price of the holding company's offer is near 9350-9400 yuan / ton, and the inquiry price of the downstream manufacturers is near 9200-9250 yuan / ton, and the actual price is around 9300-9350 yuan / ton.

The external market is weakening, and the Taiwan goods quoted by the holding company is priced at US $1200-1210 / ton. The downstream enquiry price is about 1195 yuan / ton, and the actual price is about 1200-1205 dollars / ton.

The price of Korean goods is $1185 / ton, and the downstream price is 1170 yuan / ton.


Downstream market, mainstream factories in Jiangsu and Zhejiang provinces

Polyester filament

The level of production and sales is different, most of them are barely flat, a few are about 150% higher, and some factories are lower than 4-6.

Some of Zhejiang's polyester market stability has risen, slightly higher than the Jiangsu market. The mainstream is 50-100 yuan / ton, and the actual turnover is also different because of the varieties, of which POY production and marketing are better, FDY and DTY generally.

Jiangsu polyester recently eye-catching, the adjustment is relatively objective, most of the increase in 100-300 yuan / ton.

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