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Tightening Policies To Suppress &Nbsp; PTA Will Still Shake Up.

2011/2/23 13:27:00 44

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Tightening PTA Textile

Zhengzhou PTA futures recovered on the 22 day.

The main 1105 contract closed at 11884 yuan / ton, up 64 yuan / ton.

The near future,

cotton

Weak, and terminal demand is light, the possibility of PTA downlink increases.

But with the coming of the peak season of traditional textile and the improvement of the weaving rate of downstream looms, the general idea of PTA can still hold a strong shock.

In the short term, the central bank tightened monetary policy to suppress inflation, or there was still shock adjustment.

New York Mercantile Exchange (NYMEX) crude oil futures rose to its highest level in two and a half years on Tuesday. Libya's volatile situation has escalated and there are signs that the supply of crude oil is disrupted.

NYMEX crude oil futures closed up $7.37, or 8.6%, at $93.57 a barrel in March.

In April, crude oil futures contracts closed up $5.71, or 6.4%, at $95.42 a barrel.

Some oil producers said they had suspended or closed some equipment and withdrawn workers in Libya, where the unrest continued to deteriorate on Tuesday.

Crude oil prices have risen, although other oil producers have promised that they will take part in the supply disruption.

BNP Paribas crude analyst Tom Bentz said the market is worried not only in Libya but also in other countries.

It's hard to say how high oil prices will go up.

On the spot, East China

PTA Market

In the atmosphere, some of the market offer is near 11700 yuan / ton, and the downstream factories have a strong wait-and-see atmosphere. The actual focus of the market is about 11600 yuan / ton.

Asian PTA spot market atmosphere wait-and-see, the Taiwan market offer at 1475 U.S. dollars / ton near the low price sellers reluctant to sell, buyers wait and see more, negotiating intention in 1465-1470 U.S. dollars / ton, Korean goods negotiations in 1455-1460 U.S. dollars / ton, talk about the atmosphere of stalemate.

The downstream market is stimulated by strong international oil prices and high raw material settlement price, Zhejiang.

Polyester filament

Steady rise, most manufacturers rose one hundred to two hundred, individual higher three hundred, the rest of the temporary stability or preferential cancellation, individual factory midday inflation action, turnover atmosphere improved, downstream purchasing moderate volume, polyester factory production and sales picked up significantly, mostly in 100-200%, moderate support polyester market.

The production and sales of polyester and silk products in Jiangsu and Zhejiang provinces rose significantly. Most 150-200%, some of them were about 300% higher, and some of them rose by 100 yuan in the afternoon.

In the wake of the deterioration in the Middle East, and the sharp rise in crude oil prices, inflation accelerated and forced China to take more tightening measures.

At present, the market has raised rumors about raising interest rates and raising the reserve ratio. If the Central Bank continues to tighten monetary policy, commodities will continue to be suppressed, and PTA will also be under pressure.