The hottest upstream and downstream weakness is ex

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The upstream and downstream are weak. It is expected that the downward pressure on Zhengzhou PTA will increase in the future.

the main 909 contract of Zhengzhou PTA futures opened higher and went higher on July 13, showing a trend of increasing positions in large quantities. The closing price was 70 points higher than the settlement price on July 10, or 0.98%. The spot market rose slightly, but the downstream demand still did not improve, and the international oil price fell below $60 a barrel, which is expected to increase the downward pressure after PTA

on July 13, Zhengzhou PTA futures contract nearly rose and fell far. The main 909 contract jumped short in the morning and opened at 7150 yuan/ton. The intraday futures price rose strongly. The lowest price was 7130 yuan/ton, and the brand popularity was further expanded. The highest price was 7212 yuan/ton, and the closing price was 7188 yuan/ton, up 70 points from the settlement price on the 10th, or 0.98%. The trading volume and position increased at the same time, with 411028 transactions in the whole day, and the position increased by 22706 to 171344. Technically, the K-line of the main 909 contract day closed at the Xiaoyang line, and the moving average system was arranged in a long line. MACD index continues to strengthen, and the change of price volume relationship also shows that it may continue to rise in the short term

in terms of crude oil, last Friday (July 10), crude oil futures closed down slightly due to sluggish demand. The settlement price of light sweet crude oil futures contract on the New York Mercantile Exchange (NYMEX) in August fell by US $0.52 to US $59.89 per barrel, closing below US $60 per barrel for the first time since May 19. The settlement price of August Brent crude oil futures on the London Intercontinental Exchange (ice) closed down $0.58 to $60.52 a barrel. The two summer driving peaks in the United States have passed, and the demand for gasoline and diesel is still sluggish. The recently released employment and consumer confidence data show that there is little hope of a strong rebound in gasoline demand when the fuel delivery valve is turned on quickly. The International Energy Agency (IEA) predicted on the 10th that global oil demand will decline by 2.9% in 2009. Although the IEA predicts that global oil demand will recover in 2010, the agency does not rule out the possibility of further deterioration of oil demand in 2009 under the current situation

raw material p-xylene continued to rise on Friday, and the Asian market price rose $8/ton to 1012, 013.5 US dollars/ton FOB South Korea, the European market price increased by 4 US dollars/ton to US dollars/ton FOB Rotterdam. Driven by this cost, the PTA spot market is on the rise. Among them, the seller's offer price in East China domestic material market increased by 100 yuan/ton to 7250 yuan/ton, and the downstream inquiry increased to comprehensively improve the competitiveness of the new material industry. The mainstream negotiation price in the market was concentrated at about 7200 yuan/ton, with an increase of yuan/ton. The atmosphere of the outer market was slightly deadlocked. The seller took the initiative to stop the slippage and fracture of the sample and made few offers in the fixture. The buyer mostly took a wait-and-see attitude. The mainstream negotiation price in the market rose from $5/ton to $5/ton, and the actual transaction was rare

the downstream polyester market is generally stable. Polyester chip market transactions are flat, and spinning factories mainly ship goods. The market price of polyester staple fiber rose slightly, and the mainstream transaction price in the market was between 8, 900 yuan/ton. The polyester filament market remains stable, and the manufacturers' production and sales are mostly around Cheng. The terminal textile factories are still in the off-season, and their purchasing enthusiasm is not high. Overall, the downstream demand is still not improved, while the upstream crude oil price fell below $60 per barrel, and it is expected that the downward pressure on PTA will increase in the future

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