Maintain Adjustment Situation &Nbsp; PTA Rose Slightly

Zhengzhou PTA futures rose slightly in early trading on 21 th, while the main 1201 contract closed 8098 yuan / ton, up 24 yuan.

Meanwhile, the Greek parliament passed a new round of austerity plan, which eased investors' concerns about the financial situation in the euro area.

However, the upstream PX has fallen sharply, and the cost of PTA has shifted downward.

In addition, the demand for domestic and foreign products has declined, and the terminal textile industry has been running poorly.

It is expected that the adjustment trend of PTA will continue until the end of October, and short term ownership will be the main trend in the near future.

New York

As of 11:30 Beijing time, NYMEX crude oil futures in December reported 86.27 U.S. dollars / barrel, up 0.2 U.S. dollars.

Traders at the GS Caltex office in Mumbai say Al-qaddafi's death is unlikely to have a big impact on oil prices because traders are more concerned about the fate of the euro zone rescue fund, and investors are beginning to adjust their positions before the northern hemisphere winter.

On the data side, the US Department of labor announced the first time last week that the number of Americans claiming unemployment benefits decreased by 6000 to 403 thousand.

As unemployment remains at the level of more than 400 thousand of the economic downturn, investors' worries about the job market have not slowed down, and the real estate market is still depressed.

According to the data released by the National Association of Realtors on the same day, old home sales fell by 3% to 4 million 910 thousand units in September, far below the expectations of the previous 6 million units. The Philadelphia Federal Reserve Bank's manufacturing activity index rose sharply from 8.7 in September to 8.7 in New York, but investors' Outlook on the economic outlook has not improved since the manufacturing index for the past few months has been below zero.

Spot market,

On the basic level, downstream demand is still in a relatively high state in the year, but it is expected that after October, the overall demand will gradually decline as the demand weakens, and the early fall of the financial market also makes some downstream enterprises inventory pressure come earlier.

And the terminal operating rate began to decline. After the holiday, there may be a small peak of procurement due to the consumption of raw materials.

PTA, polyester sales improved, but on the whole macro level, terminal consumption can not be in the traditional off-season long-term improvement.