Peripheral Trend Improves &Nbsp; PTA Will Maintain Concussion.

Zhengzhou PTA futures closed slightly on the 21 day. The main 1109 contract closed at 9310 yuan / ton, down 8 yuan / ton. PTA opened slightly yesterday, diving in the market, followed by a rebound.

Crude oil has been greatly consolidated and PX has risen slightly. PTA spot Stability is weak, and some of the downstream markets are stable. The new capacity of PTA has been put into operation. On the technical side, PTA is at the bottom of the brin channel, and the supporting role of the lower track is obvious. Overnight crude oil rose and cotton and cotton mixed each other. It is expected that PTA will continue to oscillate in the short term.

The New York Mercantile Exchange (NYMEX) crude oil futures closed slightly higher on the 21 th, as the euro strengthened against the US dollar and investors expected the Greek government to win a parliamentary confidence vote, thereby helping the country avoid sovereign debt default. NYMEX July light crude oil futures contract settlement price rose 14 cents to 93.40 dollars per barrel; the contract expires on the 21 day. Greek Prime Minister Papandreou will face the trust vote of the Parliament at 5 a.m. Beijing time 22. If the vote is taken through confidence, the next step will be its new austerity plan to accept the parliamentary vote.

Intercontinental Exchange (ICE) cotton futures closed on the 21 day, analysts said, as market participants sought to take off positions at the end of the week of the 25 month contract. Asian PX rose 2 to 1424-1425 U.S. dollars / ton FOB Korea, Europe fell 1 to 1463-1467 U.S. dollars / ton FOB Rotterdam, the United States steady at 1440-1445 U.S. dollars / ton FOB Gulf of America.

On the spot side, the East China PTA spot market offers very few quotations, and the enquiry atmosphere is good. We have heard that the sporadic offer is near 9400 yuan / ton, and the downstream delivery price is about 9300-9350 yuan / ton. polyester Factories are coming out to look for goods, and the shipper is not willing to ship at low prices. The import market is still in a stalemate. The offer is stable. The offer for Taiwan's cargo is near $1190 / ton, and the downstream price is about $1180 / ton. Korea's offer is about 1185 dollars / ton, and the downstream enquiry intention is low.

Downstream market, Jiangsu and Zhejiang Polyester production and marketing In general, most of them are 6-7, a few are relatively flat, and some are lower than 5. The price of direct spinning polyester and short factories has been loosened, the downstream yarn is weak, the raw material atmosphere is not enough, and the raw materials for cotton mill replenishment wait and see. Most of the raw materials are digested before the market, and the market turnover is light, and the price center of gravity is relatively stable.