First, market review
1, external disk: Last night, the U.S. dollar against the currencies of major countries showed a slightly undulate, only the euro, the Greek 10-year bond yields rose sharply to March 1998 the highest since. Market worries the EU and IMF loans to total 61 billion U.S. dollars in Greece are still unable to effectively control the debt crisis. This factor makes the fifth consecutive day against the dollar, the euro depreciation. Other currencies, the market is continuing concern the performance of the Bank of Canada, but the reaction of the foreign exchange market has been forecast in advance the possibility of very high interest rates in Canada. This indicates that resources of the State to benefit from the global economic recovery and lead the launch of the world's major economies, the economic stimulus package, while the transfer rate hike cycle.
Second, industry analysis
Yesterday, PTA spot market sellers reluctant sellers within the disc, shipped more intent in its 8200 yuan / ton, but this price a little more difficult. PTA spot market imports, the atmosphere of stability, Taiwan produced goods, the seller most of 1000 U.S. dollars / ton or less reluctant sellers, but the delivery site in the 990-995 U.S. dollars / ton majority, Guer few substantive negotiations.
As the lower order is better, higher operation rate, the strong demand for polyester. Some specifications Polyester species are in short supply, especially in tight supply FDY spinning factories, polyester silk market continued pushing prices higher, and some products even grab the cash queue status goods.
Polyester offer reproduction Shengze area rose, the local general system FDY prices rose 200 yuan / ton, DTY prices are 100-300 yuan / ton up, POY price of 100 yuan / ton in EADS were mixed. Polyester market trend Taicang region, local POY EADS were mixed 100 yuan / ton, FDY products did not show Shengze regional unrest, prices remain unchanged. Polyester market as a whole, Xiaoshan district remained stable. Tongxiang Polyester market area, including local POY silk rose 100 yuan / ton, FDY up 100 across the board, some varieties up 200 yuan / tons, overall sales were good.
Third, a comprehensive analysis
Monday, we over-estimated the global market, China's influence, and Wednesday, the market tells us not underestimate the extent the prosperity of the Chinese textile market. From Tuesday's situation, we observed polyester Polyester sales slowed, the trend of prices is a stop signal Polyester market turning point. While we also believe that the need for more trading days to verify the real market situation Polyester Polyester, Polyester from Wednesday's hot market, we see the market demand continues, although the lower reaches of the enthusiasm for the procurement of more complement Before goods decreased, but because the whole industry chain to promote the bottom-up order, weaving factories and other enterprises started well, a great demand for Polyester.
Although the downstream situation is in full swing, however, due to the high proportion of the contract goods in question, PTA spot market and polyester Polyester market is considered quarantined. Not available in the PTA futures funds into the sharp rise in cases, PTA spot market prices can not be helped, the same can not affect the settlement price of the contract goods.
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