The Market Is Worried About Downstream Demand, And PTA Is Down Slightly.
Zhengzhou PTA futures slipped slightly in May 16th. The main 1109 contract opened at 9456 yuan / ton, closing at 9392 yuan / ton, down 28 yuan / ton, 652400 hands in volume and 201938 hands in positions. The European debt crisis brought pressure, the market worried about downstream demand, and PTA fell slightly.
Cotton is rising or supporting PTA recently, but in the medium term, there are still more uncertainties.
Downstream polyester enterprises are facing tight funds, RMB appreciation, and upcoming summer peak and terminal.
textile
The export tax rebate is under multiple pressures, and the cost of the whole industry chain is hard to be pferred.
It is expected that PTA will be difficult to stabilize in the short term.
New York commercial Futures Exchange (NYMEX) June crude oil contract rose 0.85 or 0.75% on the 13 day, and the settlement price was quoted at 113.83 US dollars per barrel.
Crude oil futures once returned to more than $100 a barrel, because the euro area gross national product data is good.
But the dollar rebounded and investors were cautious before the EU finance ministers' meeting.
Reports about the injury of leader Lee helped to lower oil prices, though the government spokesman quickly denied it.
The rise of crude oil will increase the cost of chemical industry and benefit future prices.
PTA's direct upstream breed PX continued weak rebounding last week. As of Friday, the Asian market PX prices continued to rise slightly, but the rally has slowed.
FOB Korea newspaper at $1545-1546 / ton, CFR Taiwan reported at 1565-1566 US dollars / ton.
According to market sources, after the Chinese government plans to increase gasoline production, it is expected that the output of PX will decrease in June and July, and the market price may rise. However, the price of the PX market is still dragged down by the downstream PTA and polyester market, and the trend is still not optimistic.
On the market side, Shengze
chemical fiber
In the market, PTA spot price adjustment.
MEG price
Consolidation, semifluid polyester chips, large gloss polyester chip prices down, CDP slice prices fell, polyester bottle price down.
On the market, half light section cash mainstream is in 11900 yuan / ton, glossy slice cash mainstream in 11850 yuan / ton, CDP slice Market spot price price in 13000 yuan / ton about six months acceptance, polyester bottle piece market generally delivers price 12500 yuan / ton.
Downstream, downstream textile enterprises purchase quantity is not much, spinning manufacturers in order to strive for shipment, preferential price action will increase, polyester market is still in a weak state.
Trading volume fell, Shengze's mainstream factory acceptance discount reduced.
The price of polyester products sold in Xiaoshao area to Shengze and Jiaxing is down.
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