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Policy Pressure Eased &Nbsp; 4 Will Be High Concussion

2010/12/14 15:38:00 40

Zhengzhou PTA futures rose sharply on the 13 th.

The main 1105 contract closed at 9884 yuan / ton, up 374 yuan.

After China decided to raise the reserve requirement ratio of banks, the market still worries that China may take interest rate measures next night, and the price of crude oil rises sharply overnight.

Prices also rose sharply, the spot market continued to rise, the demand for polyester chips in the lower reaches improved.

It is expected that the short-term price will remain high and volatile, but there may be a pullback in the medium and long term.

The New York Mercantile Exchange (NYMEX) crude oil futures rose 13 days ago, and the resolution of OPEC's oil production remained unchanged last weekend.

New York Mercantile Exchange crude oil for January

futures

The contract settlement price rose 82 cents to $88.61 a barrel, or 0.9%.

The contract was close to $90 a barrel earlier this trading day, but then fell back.

Peck held a meeting in Quito, Ecuador last weekend. Ministers of the member states decided to keep oil production quotas at 24 million 850 thousand barrels per day.

At the same time, the rise of the stock market and the weakening of the US dollar also provide some support for the oil price trend.

Moreover, despite inflation in November, China decided to maintain interest rates unchanged last weekend, which is also encouraging the market.

On the 10 day, the closing price of Asian PX was 1332.00-1333.00 USD / tonne FOB Korea, 1347.00-1348.00 USD / ton CFR Taiwan, the price rose by 15 US dollars compared with the previous day.

On the spot side, the Asian PTA spot market continued to rise, and Taiwan's goods and goods reported an individual high of $1180-1190 / ton. The buyer's enquiry increased, and the mainstream market negotiated near $1170-1175 / ton.

The atmosphere of PTA market in eastern China continues to rise. The market holder's offer is at 9450-9500 yuan / ton, and the buyer's enquiry atmosphere is positive. The mainstream talks started near 9400-9450 yuan / ton, and a firm offer was reached.

Downstream, the slicing market in Jiangsu and Zhejiang is flat, downstream demand is still relatively small, and slicing stocks are increasing gradually, but sellers are reluctant to sell at a low price. The semi extinction mainstream offer is within the range of 11400-11500 yuan / ton (cash or acceptance), and the focus of the paction is near 11300-11400 yuan / ton (cash or acceptance).

The staple market in Jiangsu and Zhejiang provinces is low and the market atmosphere is light.

Spun

The main market quotation is 13000-13500 yuan / ton, and the center of discussion is near 12300-13000 yuan / ton.