Zhengzhou PTA Follows The Cotton Market Down
Zhengzhou's PTA1201 futures contract fell 1.64% on the 12 day, at 8760 yuan per ton, Italy's sovereign debt risk affected market confidence, and the market saw a sharp rise in the supply of cotton and PTA.
On the 11 day, the New York mercantile futures exchange lowered its crude oil contract in August by 1.05 US dollars or 1.09%, at 95.15 US dollars per barrel.
China imported 19 million 700 thousand tons of crude oil in June, down 8.6% from last month, and the demand has slowed down.
China June
CPI
The increase has reached a 36 month high, and the price situation is unlikely to improve significantly in the past two or three months.
The US stock market has fallen by more than 1%, and the euro has widen its decline against the US dollar. Italy may become the next victim of the euro zone debt crisis, leading to a new risk aversion.
Falling crude oil will cut chemical costs and adverse future prices.
11, on the Shengze chemical fiber market,
PTA spot
The price is weakening, the price of MEG is lowered, the price of semi gloss PET chips, large gloss polyester chips is stable, the price of CDP chips is adjusted, and the price of PET bottles is raised.
On the market, half light section cash mainstream in 12000/ tons, glossy slice cash mainstream in 12050 yuan / ton, CDP slice Market spot paction price in 13100 yuan / ton three months acceptance, the PET bottle piece market generally delivers the paction price in 12100 yuan / ton.
Spinning factory
Polyester stock
The pressure is not big, but because of the low season in the downstream market, the inventory of grey fabric has gradually increased, and the enthusiasm for purchasing raw materials is not high.
Polyester market is stable, prices remain largely unchanged, and individual best-selling polyester varieties are moderately up-regulated.
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