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PTA Early Comment: The Trend Is Not Optimistic &Nbsp; PTA Or Bottom Shock.

2011/5/17 10:14:00 44

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PTA Trend Concussion

Zhengzhou PTA

futures

The 16 day slipped slightly.

The main 1109 contract closed at 9392 yuan / ton, down 28 yuan / ton.

Europe

debt crisis

Bring pressure, while domestic CPI maintains a relatively high level, and the domestic empty atmosphere has not yet dispersed, and downstream.

enterprise

PTA is still not optimistic because of the demand for films to reduce demand.

On the trend, the downward trend of PTA has not changed, and the gap at the top is still a long overcoming barrier.

Overnight crude oil plunged and cotton on the outside rose. It is expected that short-term PTA will be at the bottom of the market.

New York Mercantile Exchange (NYMEX) crude oil futures closed sharply lower on the 16 day, as gasoline futures fell for the first time since mid 3, and the market was worried about the European debt crisis.

NYMEX light low sulphur crude futures fell $2.28 in June, or 2.3%, to $97.37 a gallon.

ICE Beihai crude oil futures for June delivery closed down 1.10 U.S. dollars, closing at $112.73 a barrel, or 1%, on June 16, due to expire in June.

From the standpoint of the device, the operation of the domestic PX plant is normal except for the maintenance of Zhenhai Refining and chemical plant. Due to the sluggish production and marketing of the downstream PTA market, the PX market is quite adequate at present.

At present, 1500 US dollars / ton becomes the competition point between buyers and sellers.

At present, the operating rate of the PTA plant in China is about 95%. As the production and marketing of polyester polyester in the lower reaches is relatively low, there is no improvement at present. With the coming of some PTA devices in May, the market demand for PX is expected to be weakened.

On the spot side, the atmosphere in the East China market was once again cold and cheerless. The price of the mainstream offer was near 9550-9600 yuan / ton, and the negotiation level was around 9450-9500 yuan / ton.

The external market atmosphere is more stalemate. The difference between the buyers and sellers in the import market is larger. The offer for Taiwan's products is near $1230 / ton, and the buyer's counter-offer price is about 1200 US dollars / ton; and the Korean product is partly quoted at 1215-1220 US dollars / ton.

Downstream, the polyester chip market in Jiangsu and Zhejiang provinces is still weak, half light section cash or March acceptance of the mainstream offer price of 12200-12300 yuan / ton, the focus of the negotiations gradually declined to 11900-12000 yuan / ton.

The market of polyester staple fiber in Jiangsu and Zhejiang provinces continues to fall, and the trading atmosphere is bad. At present, the mainstream staple market of polyester staple fiber is quoted at 12900-13000 yuan / ton, with a focus of 12800-12900 yuan / ton, and the downstream demand is difficult to improve.