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External Market Linkage Fell &Nbsp; PTA Or Weak Adjustment.

2011/12/29 10:35:00 16

External Market Linkage Decline PTA Adjustment

Zhengzhou PTA futures rose 28 days, the main 1205 contract closed 8266 yuan / ton, up 38 yuan.

Yesterday's domestic PTA

Slightly

Open high and continue to maintain a narrow trend within days.

Crude oil prices are relatively strong and Enterprise Limited production

Stable

The spot price of PTA, but near the end of the year, the demand for terminal textiles gradually weakened, and the atmosphere of market turnover tended to be dull, which inhibited the upward space of prices.

On the technical side, the upper pressure continues to be moving averages near the 8300 point.

resistance

The kinetic energy is limited.

Overnight oil fell, the euro and the stock market fell, and the short-term PTA would be weak.


New York Mercantile Exchange crude oil futures closed down 28 U.S. dollars on the 100 day, the first decline in six trading days, Italy bond sales prospects are uncertain, European debt crisis worries once again diffuse the market, the first time the global stock market crash, dragging down crude oil futures, the market was light trading.

NYMEX February light crude oil futures clearing price fell 1.98 U.S. dollars, to 99.36 U.S. dollars, or 2%.

ICE Brent crude oil futures clearing price fell $1.71 to $107.56 a barrel, or 1.6%.


The results of the 28 day bond auction in Italy showed that 28 and 9 billion euro and 1 billion 733 million euro semi annual and 2 year treasury bonds were successfully auctioned on the 28 day respectively. The yield of half yearly treasury bonds plunged from historical high to 3.251%, only half of the high level since November.

But the good news did not provide much support, and Italy's 10 year bond yield returned to the top level of 7%.

Italy's 29 and 3 year and 10 year bonds will be auctioned. Investors are worried that Italy's auction may have a bad performance.


On the spot side, the spot price of PTA is temporarily stable, the internal offer is at 8450-8500 yuan / ton, and some buyers have handed in 8400 yuan / ton, and the deal has been discussed at 8450 yuan / ton.

On the outside side, Taiwan's spot trading was close to 1100 US dollars / ton, and Korea's spot products were traded at 1080-1085 US dollars / ton.


Downstream demand, Jiangsu and Zhejiang polyester market to buy bad gas, today's mainstream enterprises polyester production and marketing around 6 to expand, part of the lower 3 in the vicinity.

The market outlook is generally more cautious.

Xiaoshao polyester market also maintained a horizontal trend, mainstream enterprises choose Ping Bao more frequently; Wuxi Zhangjiagang FDY slightly adjusted.

The price of silk in the first factory of Wuxi is steady.

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