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Zhengzhou's PTA Rose By &Nbsp, Driven By Demand For Replenishment.

2011/5/20 9:38:00 38

Zhengzhou PTA Rises

19 days Rise 0.36%, 9608 yuan per ton, crude oil market rise and partial replenishment from the lower part of the market. demand 。


18, New York commercial futures exchange (NYMEX) the crude oil contract in June rose by $3.19 or 3.29%, and the settlement price was $100.10. According to the data released by the US energy information administration, crude oil inventories decreased by 15 thousand barrels in the week of May 13th, while the expected increase was 1 million 500 thousand barrels. The Greek finance minister said the Greek government would announce a new fiscal tightening of 6 billion euros in the next few days, and the market's concerns about Greece's debt problem eased slightly. In addition, the Fed's April meeting minutes showed that Fed officials were not eager to tighten monetary policy to further assist the rally. Falling crude oil will cut chemical costs and adverse future prices.


18, on the Shengze chemical fiber market, the spot price of PTA was raised, the price of MEG was raised, the price of semi gloss polyester chip and large gloss polyester chip rebounded slightly, the price of CDP chip was consolidated, and the price of polyester bottle was stable. On the market, half light section cash mainstream is in the 11850 yuan / ton, the mainstream chips are in the 11700 yuan / ton, the CDP slice Market spot transaction price in 12900 yuan / ton six months acceptance, the PET bottle piece market generally delivers the transaction price at 12300 yuan / ton.


Upstream raw material prices have been upturned, polyester sales have also improved, while spinning manufacturers have high inventory and strong shipments, and downstream market is not ideal. Prices have stabilized and rebounded steadily. Shengze has been spinning large factories POY individual specifications rose 100 yuan / ton, Shengze and Jiaxing polyester market trading volume has been significantly enlarged, downstream weaving factory, the bomb industry has small batch filling action.

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The Trend Is More Resistant To &Nbsp; PTA Narrow Lifting.

Zhengzhou PTA futures narrowed in May 19th. The main contract 1109 opened 9648 yuan / ton, closing 9608 yuan / ton, up 34 yuan / ton, turnover 485300 hands, holding 220632 hands.