Cotton Inertia Rose, PTA Continued To Rise Yesterday.
Zhengzhou PTA futures continued on the 1 th. The main 1105 contract closed at 11880 yuan / ton, up 206 yuan / ton. cotton Inertia rose, PTA continued to rise yesterday, but in the 12000 front-line suffered significant suppression.
At present, there are many uncertainties in the market at home and abroad, and the possibility of continuing systemic risk reduction is not ruled out.
In the short term, the difficulty of PTA increase is unlikely to increase.
New York business
exchange
(NYMEX) crude oil futures rose sharply on the 1 day, and the market is worried that the Middle East riots are spreading to major oil producing countries.
NYMEX April crude oil futures contract settlement price rose $2.66 to $99.63 a barrel, or 2.7%.
The settlement price of ICE Brent crude oil rose 3.62 US dollars to 115.42 US dollars per barrel.
The oil market is concerned about the intensification of violent conflict in Libya.
The riots may spread to richer oil producing countries, such as Iran and Saudi Arabia, pushing us crude oil futures closer to $100 a barrel.
Meanwhile, Saudi Arabia's stock market plummeted by 6.8% as investors worried about the riots in neighbouring Bahrain.
Asian PX rose 10 US dollars to 1650-1651 U.S. dollars / ton FOB Korea, Europe in 1788-1792 dollars / ton FOB Rotterdam, the United States fell 15 to 1765-1770 U.S. dollars / ton FOB Gulf of America.
In the spot market, the mainstream trading level of PTA was mainly around 11700 yuan / ton in the morning, and some factories shipped, traders and Jiangsu factories attached to them.
The atmosphere outside the PTA is still strong, and the spot trading is up to $1500 per ton.
PTA turnover in the afternoon was basically around 11680-11700 yuan / ton, partly for polyester factories.
Taiwan's spot trading talks were close to $1500-1505 / ton, and the spot talks of South Korea's products started at 1495 US dollars / ton.
Downstream, Jiangsu and Zhejiang markets
Semi optical cutting
At present, the quality is half light and multi report 14000-14200 yuan / ton in March, and a small number of less than 13600 yuan / ton cash is available. The volume of turnover has been peg up. The operating rate of the downstream enterprises has picked up slightly, but the demand is still weak. The market price is slightly under pressure. Although the price is higher, the turnover is difficult, so there are many low price goods.
The staple fiber staple market in Jiangsu and Zhejiang is stable. The mainstream quotation in the market is 14900-15600 yuan / ton. The focus of discussion is 14800-15000 yuan / ton, the price is slightly stabilized, and the sales are relatively light.
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