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Peripheral Trend Weakened &Nbsp; PTA Rebound Will Be Suppressed.

2011/10/26 15:40:00 27

Peripheral Trend PTA Rebound Is Suppressed

Zhengzhou PTA futures continued to rise on the 25 th, and the main 1201 contract received 8654 yuan / ton, up 292 yuan.

Yesterday, PTA went down and went down, and the long cross star was inside, showing that the rebound was rather hesitant.

In view of the recent optimistic expectations of the European debt crisis plan, and HSBC China's PMI index in October, the initial value of the 5 months was the highest, and the positive data again stimulated the market.

But PTA terminal

Weaving

Industry is affected by backlog, shortage of orders and tight funds. The operating rate has dropped, and the short term has not been improved.

Overnight crude oil rose, U.S. stocks fell and the US dollar strengthened. PTA is expected to rebound or be suppressed in the short term.

New York Mercantile Exchange (NYMEX) crude oil futures closed to its highest price in nearly three months in October 25th.

NYMEX crude oil futures in December rose 1.90 US dollars, or 2.1%, at $93.17 a barrel, the highest since August 2nd, trading in 91.10-94.65 US dollars.

The December contract was 24 cents higher than the January contract premium, the largest price difference in two years in three years.

ICE December Brent crude futures lowered 53 cents, to 110.92 per barrel.

dollar

。

Upstream market, WTI rose 3.87 to 91.27, Brent crude rose 1.89 to 111.45 U.S. dollars / barrel; naphtha fell 3 US dollars to 882 US dollars / ton CFR Japan; heterogeneous MX rose 21 US dollars to 1250-1251 U.S. dollars / ton FOB Korea; Asia PX increased 38 US dollars to 1480-1481 U.S. dollars / ton FOB South Korea, Europe rose 38 dollars to 38 dollar / ton FOB Rotterdam, the United States rose US dollar to us dollar / ton FOB US Gulf.

Goods in stock

On the one hand, the spot price of PTA rebounded slightly, and the internal offer was close to 9100-9200 yuan / ton. The negotiations were close to 9000 yuan / ton, and some of the counter-offer levels were 8900-8950 yuan / ton.

On the outside side, a small offer of spot products was $1180 / ton, with a turnover of around $1160-1170 / ton, and the spot sale of Korean products was close to $1140-1150 / ton.

Downstream market, downstream weaving rigid stocking, Jiangsu and Zhejiang mainstream factories polyester production and marketing

Rebound

Most of them are about 150%, and a few are 200%.

Direct spinning polyester short downstream manufacturers replenishment cautious, a small number of pactions to suppress prices more obvious, the actual paction price of the market is relatively stable, the overall sales atmosphere is generally, some production and marketing level, but the overall trading atmosphere slightly lower than yesterday.