Poor Market Trading Atmosphere; &Nbsp; PTA Fell Slightly.
Zhengzhou PTA futures 12 small
Fall
The main contract of 1205 was 8356 yuan / ton, or 22 yuan.
The market is still worried about the prospect of the euro zone's sluggish economic growth. The market is concerned about whether the S & P will lower the debt rating of euro zone members.
However, PTA fundamentals continue to perform well, weaving enterprises concentrate on stocking, downstream polyester production and marketing is better, PTA market driven by this trend is relatively strong, the fundamental phase of improvement to promote PTA to continue to rebound in the short term, but after the current round of stocking up, PTA is weakened by weak terminal demand or will once again return to the weak.
Technically, the PTA1205 contract is still showing a slight concussion trend. It is suggested that the wait and see should be the main focus in the near future and wait for the stabilization to enter again.
New York commercial Futures Exchange (NYMEX) crude oil futures 12 day electronic disk
Micro amplitude
Down because of the lack of strength in the euro zone.
Economics
Growth prospects are still worried, so oil traders continue to be cautious in trading.
Next, investors will be concerned about whether the S & P will lower the debt rating of euro zone member states.
Most EU leaders reached an agreement on strengthening the euro zone budget regulation and restoring market confidence at the EU summit.
Leaders also agreed to support the euro zone's financial system with IMF management funds.
But Britain refused to participate in the above plan, and other countries also had reservations.
Therefore, market participants still doubt whether European leaders can reduce borrowing costs of euro zone debtors in the short term, and market sentiment is still cautious.
As of 15:00 Beijing time, NYMEX January crude oil futures reported 99.17 yuan / barrel.
In December 8th, Asian PX prices fell $7 to $1432 / ton FOB South Korea, and European PX prices fell 4 dollars to 1306 US $1306 tons FOB Rotterdam.
In the spot market, the market of PTA and MEG showed a trend of adjustment at the beginning of the week, and the price remained basically.
The external PTA is stable at 1100 US dollars / ton, and the PTA in the internal market is stable at 8500 yuan / ton.
On the market side, PTA spot price is stable, MEG price adjustment, semifluid polyester chip, large gloss polyester chip price is stable, CDP slice price consolidation, polyester bottle price unchanged.
The market is half light section cash mainstream in 10700 yuan / ton.
The mainstream cash section is 10750 yuan / ton.
CDP slice Market spot paction price in 11350 yuan / ton three months acceptance.
The market of PET bottles is usually delivered at 11400 yuan / ton.
The market for polyester chips is not large.
Downstream, spinning factory inventory is at low water level, but volume reduction.
Under the support of the cost of polyester raw materials, the price of polyester varieties in the short term is stable and firm, and the price of some popular varieties of polyester is moderately raised.
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