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The Empty Atmosphere Permeated &Nbsp; PTA'S Trend Was Still Weak.

2011/3/11 16:35:00 59

Zhengzhou PTA (11346, -110.00, -0.96%) futures fell sharply in early trading in March 11th.

The main contract 1105 opened 11300 yuan / ton, closing 11374 yuan / ton, down 82 yuan / ton.

Deal

Measure 340200 hands, hold 211244 hands.

The risk of European debt is rising again, and the geopolitical concerns in the Middle East and North Africa, and the pressure of domestic price regulation and control, have a negative impact on the domestic market.

However, PTA downstream has gradually resumed production, and the loom start rate has been rising, and the fundamentals are still improving.

At present, the financial market is full of air. PTA's good fundamentals are afraid of being alone.

New York commercial Futures Exchange (NYMEX) crude oil futures 11, Asia's electronic disk rose slightly, close to 103 U.S. dollars, has recorded the biggest one-day drop in a month, investors are concerned about the progress of the Saudi conflict.

As of 11:30 Beijing time, NYMEX crude oil futures in April rose 0.01 U.S. dollars to 102.71 U.S. dollars / barrel.

In recent days, after the attack of important facilities in Libya, the governments of oil consuming countries are increasingly worried that the oil supply in Libya will shrink for a longer time than expected.

Statistics released by the National Bureau of statistics in March 11th showed that residents in February

consumption

The total price level (CPI) rose 4.9% compared with the same period in January.

In February, producer prices rose by 7.2%, up 0.6 percentage points from January.

Among them, the producer price of producer goods rose by 8.2%.

Spot market

The East China PTA spot market ended rebounding slightly.

At present, the domestic market in East China is offering a limited offer, and the atmosphere of buying and selling is increasing. The sporadic offer of the market is mostly 11500 yuan / ton, but the delivery is mostly within 11400 yuan / ton, and the discussion is around 11400-11450 yuan / ton, and the selling at low price is much more reluctant to sell. It is heard that there has been a real single price of 11400 yuan / ton, compared with the smaller market of the Yuan Yuan gold plate market today, the Taiwan product delivery plate slipped to 1500-1505 US dollars / ton.

On the downstream side, the weaving factories are cautious about the purchase of polyester. Most of the weaving factories and bomb companies use quantitative production to purchase materials, which will have a certain effect on the purchasing power of polyester.

Most polyester spinning factories try to maintain production and marketing, and there is no price adjustment plan for the time being.