5, PTA Prices Fell In Shengze Chemical Fiber Market

　 Zhengzhou PTA futures rose sharply in December 6th. The main 1105 contract opened at 9600 yuan / ton, closing 9576 yuan / ton, up 74 yuan, 371800 hands in turnover, 170816 hands in positions, and 4078 hands reduction.

Crude oil rose, PX rose, and spot also picked up slightly. Downstream market Trading atmosphere has picked up, but the trend is still relatively weak, and the Central Politburo meeting set steady monetary policy and traditional textile peak season has passed. PTA's long-term trend is not optimistic. It is recommended that wait-and-see should be the main focus, and the short-term price will be maintained in a range.

The New York commercial Futures Exchange (NYMEX) January crude oil contract closed up $1.19 or 1.35% on 3, at $89.19 a barrel. The November non farm employment report has disappointed the market, but investors believe that bad employment data will prompt Congress to take measures to stimulate economic growth. Some analysts expressed doubts about the employment figures and thought they might be raised in the future. Temperatures in most parts of the eastern United States are lower than in previous years, boosting demand for heating oil and indirectly driving up crude oil. The rise of crude oil will increase the cost of chemical industry and benefit future prices.

The Iran Petroleum Exporting Countries Group (OPEC), representing Muhammad Ali Khatibi12, said on the evening of 2 June that under the global economic recovery situation, if the winter of 2010 is long and cold, oil demand and oil prices will rise in the first quarter of 2011. "I believe the oil market will be strong in the first quarter of 2011," Khatibi said in an interview. "This may also help oil prices," he said.

Market, on the 5 day, Shengze chemical fiber market, PTA prices fell, MEG prices stable, half light PET chip Large gloss polyester chip prices are stable. CDP Slice prices are stable, PET bottle prices rise. On the market, half light section cash mainstream 11400 yuan / ton, glossy slice cash mainstream generally in 11300 yuan / ton, CDP slice Market Spot 12600 yuan / ton six months acceptance, the PET bottle film market generally delivers 11800 yuan / ton.

Downstream, some varieties of spinning factories are at a higher inventory level, but the price of polyester raw materials is rising, and the short-term stocking cycle of downstream weaving factories is approaching. Enquiries have begun to pick up the purchasing power, and polyester sales have improved. With the support of production and marketing rate and cost, the price of polyester has a slight increase.