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Zhengzhou PTA Futures December 7Th Concussion Callback

2010/12/8 14:39:00 44

Zhengzhou PTA Futures December 7Th

  

Zhengzhou

PTA futures December 7th shocks callback.

The main contract 1105 opened 9548 yuan / ton, closing 9508 yuan / ton, down 100 yuan, turnover 241500 hands, holding 172854 hands.

Asian electronic disk crude oil fell, PX weakened, the market trend is still weak, and the Central Politburo meeting set steady monetary policy and traditional textile peak season has passed, the price rebounded weaker strength, short-term or will continue to shock.


The New York Mercantile Exchange (NYMEX) crude futures rose below $89 / barrel on the 7 day, raising the US dollar amid doubts surrounding the euro zone debt.

Oil prices hit a 26 month high on the 6 day.

Bernanke, chairman of the Federal Reserve, also boosted the oil market. Bernanke said that if the Treasury purchase plan failed to change the economy or the unemployment rate was still too high, it would eventually buy treasury bonds.

scale

It may exceed $600 billion promised.

MF Global analyst Edward Meir said the cold weather on both sides of the Atlantic's [20.32 -1.26%] will prevent any significant drop in oil prices this week.


According to the median expected value of 6 analysts, it is estimated that by the end of December 3rd, the original oil depot will drop by 1 million 300 thousand barrels.

According to analysts' average forecast, gasoline inventories are expected to drop by 400 thousand barrels.

In addition, analysts predict that the stock of distillate oil, including heating oil and diesel, will drop by 700 thousand barrels.


On the news side, it is reported that Bernanke, the chairman of the Federal Reserve, will appear in the Cbs Broadcasting Inc's "60 minute news" program. When recording the program, Bernanke defended the Federal Reserve's implementation of the second round of quantitative easing policy of $600 billion. At the same time, he said he would not rule out the implementation of the third round of quantitative easing when necessary.


On the spot, PTA

East China

Trade market mainstream offer more than 9400-9450 yuan / ton, high-end 9500 yuan / ton also offer, at present, downstream manufacturers to intervene less, mostly trade and business talks, the delivery of more than 9250-9300 yuan / ton, but the price of the seller is reluctant to sell, is expected to negotiate more than 9350 yuan / ton around.

PTA spot is in a weak and rising state. Although spot price is higher than futures, many market prices are rising due to the paction between traders, and the actual downstream manufacturers receive little.

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