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A Slight Improvement In Market Climate; &Nbsp; PTA Concussion.

2011/10/27 15:38:00 15

Zhengzhou PTA futures rose slightly in early trading on 27 th, while the main 1201 contract closed 8726 yuan / ton, up 26 yuan.

The recent market sentiment has improved slightly, which stems from investors' optimistic expectations of the European debt problem.

In addition, the price of PX has stabilised slightly, and it has risen to the price. But the downstream weaving industry is affected by backlog, shortage of orders and tight funds. The operating rate is decreasing, stocking is more prudent, and PTA demand is difficult to upgrade, which will inhibit the price rebound.

PTA is expected to maintain short-term or rebound pattern, concerned about the pressure above 8800.

New York business

Futures trade

The (NYMEX) crude oil futures on the 27 Asian electronic disk more than 1% to 91 U.S. dollars above, by the new round of risk appetite boosted, despite the October 26th crude oil inventory growth exceeded expectations, but because of the European principle of the banking capital structure adjustment plan reached a consensus, and 25 released the US economic data higher than expected, oil prices have been boosted.

However, investors continue to be cautious.

As of 11:30 Beijing time, NYMEX crude oil futures in December reported 91.77 U.S. dollars / barrel, up 1.57 or 1.74%.

On the domestic side, the central bank announced that it will issue 1 billion yuan March central bank tickets on Thursday, and will suspend the issuance of the two Wednesday annual central bank votes.

Market analysis of the central bank's move is consistent with Premier Wen Jiabao's Tianjin research speech, releasing the policy tone sandhi signal, and directional easing has become a universal expectation. During the year, the difference and even the overall reduction of the deposit reserve fund are revival; the governor of the people's Bank of China Zhou Xiaochuan said recently that the central bank will pay close attention to the inflation level and will not ignore the inflation situation because of paying close attention to economic growth.

Goods in stock

In the market, the PTA spot market has a lighter atmosphere and less turnover. The mainstream offer of RMB yuan market is maintained at around 9100 yuan / ton, and the market inquiry is rather limited, with more than 8900-8950 yuan / ton negotiated.

In terms of us gold plate, Taiwan cargo talks remained at around us $1160-1170 / tonne, and Korea's supply negotiations remained at US $1140-1150 / ton.

Downstream market

polyester

Polyester market steady.

Weaving enterprises are rigid stocking, and the production and sales of polyester products in mainstream factories in Jiangsu and Zhejiang have picked up, most of which are about 150%, and a few are 200% higher.

In the terminal market, the total volume of China Textile City in October 26th was 774 (+32) million meters, and the filament fabric was 6 million 670 thousand meters, and the short fiber cloth was 1 million 70 thousand meters, of which cotton cloth was 390 thousand meters, TC cloth was about 170 thousand meters, TR cloth 290 thousand meters, and cotton 80 thousand meters.