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CITIC Futures: PTA Morning Review July 05

2010/7/5 15:04:00 42

CITIC Futures

Holding positions reduced by more than 8000.


Business agency July 5th upstream

raw material

In Asia, the price of PX in Asia slipped from 25 US dollars to 846 US dollars CFR Korea.

Downstream polyester, Jiangsu and Zhejiang polyester fatigue trend, POY high prices have been reduced, DTY, FDY stalemate.

Because of the poor performance of the peripheral market in recent years, the market has a weak outlook.


Because the bears had signs of profit making at the early low point, the price was temporarily supported at the early low point. It is expected that PTA will remain below $7300 in the near future, and continue to focus on the support of the previous lows.


Supplement:


Weekends

PTA

Price trend is stable, MEG price trend is weak, semifluid polyester chip, big light polyester chip price trend is stable, CDP slice, polyester bottle piece price trend has stable adjustment.

Acrylic fiber 1.5D * 38mm, acrylic top 3D * 102mm price adjustment, CPL price stable, nylon 6 slicing price down.

The volume of polyester market is small, and the volume of trading is down compared with Friday, especially in the weak purchasing power of POY.

In terms of price, the quotations of Shengze local direct spinning mill and sliced spinning factory are all stable, but Xiao Shao area produces and sells to Shengze and Jiaxing markets.

Polyester products

Prices have been lowered.

At present, although there is almost no pressure on the polyester stock in spinning mills, the probability of watching and watching in the polyester Market prevails. Whether it is water jet, warp knitted or weaving companies, they consume their own stocks, and the purchasing intention of polyester spot is weaker.

Most people believe that the short term polyester market shock adjustment will continue.

The average price of polyester staple fiber is 9600 yuan /T, which is 50 yuan /T lower than the price on Friday. The price of viscose staple fiber is still stable, and the average price in the market is 18150 yuan /T.

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