Since the PTA main contract for the contract since January to 1109, all the way down on the price, in early April from 11,000 yuan / ton to the current below 9,400 yuan / ton, down by nearly 15%; the PTA spot price all the way to follow the futures price down, breaking through the 10,000 yuan / ton mark integer does not change even after the disadvantaged. Judging from the spot market, buyers offer a lower interest, some days following quote also take the initiative to the market price, the buyer delivery plate back side, the outer disk down the center of gravity,
Recycled PET nonwoven Bag, Taiwan and South Korea production capacity has gradually come down spot price, the buyer cautious attitude disk access, will offer generally low. Mentality of the fragility of the spot market, negotiate prices more carefully.
High crude oil inventories, oil prices upward to suppress
U.S. Energy Information Administration released data show that as of May 6 the week, U.S. crude oil inventories increased to 3.7033 billion barrels of 378 million barrels, while U.S. crude oil futures for delivery in Cushing area of 110 million barrels of crude oil inventories increased to 4160 million barrels The high. Since early 2011,
Recycled bag, U.S. crude oil inventories continued to grow, from the beginning of the 33 310 million barrels, rising to 4 at the end of 36 660 million barrels, inventories increased by as much as 10%, while total inventories are close to 37,470 barrels during the financial crisis. High levels of U.S. crude oil inventories showed that U.S. crude oil supply has not been to the Middle East and Africa, the impact of geopolitical instability, and even the U.S. economic recovery also reflected in the reduced spending power. After the previous round of international oil prices soaring, the recent overall drop in oil prices continued to drop while the negative effect of the PTA is still more significant.
In short, the impact of PTA on the price trend factors, the negative factors still dominate. First, the high inflation rate still indicates that tight monetary policy will continue; Second, the international investment bank Goldman Sachs and other bad words will affect the international oil market is still nervous, probably will continue to pullback; Third, as the summer peak approaches, the expected power rationing policy will be more demand for the downstream industry chain, a certain repression. We expect,
Recycled bag wholesalers, PTA will continue on weak prices to continue, but fell in the space need to observe restrictions on electricity policy in summer the whole industry chain, the practical implications. Source: www.cnmhc.com
