PTA Continues To Break High, Subsequent Still Has A Rising Space

Today’s market quotations: PTA(9180,-4.00,-0.04%)1201 contract rose  88(+0.95%),end up with 9326, Volume for 1335744 hands, open quantity is 357286 hand, more 19756 hands than yesterday. opened lower in early trading, and was quickly pulled up. In the morning, the warehouse which hold the funds began to reduce, but the price went up in the afternoon, remaining at 9300 points, Th K line closing to 1109 contract ,rose 146 points.

$6 to $1213 -$1214 per ton FOB South Korea, Asia PX rose sharply $22 to $1427-11428 / ton FOB South Korea.
    PTA future’s spot price hold the tendency to keep steady and rise ,the mainstream quoted price is near 9150 Yuan/Ton, some buyers are still near9050-9080 yuan/ton, clinch a deal in 9080 near talks-9100 yuan/ton. In view of buying market, the spot price of Taiwan is $1180/ton, clinch a deal in 1170-us $1173 / ton nearby; Korea deal on the spot in $1155 / mt nearby.

    Terylene market present a uptrend, most factories rising 100-200 yuan producing and market goes well, most of which 100-1560%. The upstream PTA futures’ going up tendency supports the market. . Direct spinning polyester prices goes steady, some quoted prices raised 1oo yuan, half light 1.4 D mainstream price 12850 yuan/ton to leave the factory.

Technical Perspective
    Today's 1201 contract continue to hold 40 day’sdaily,undertake the pressure of 60 day’s daily line, the line system appear a raising tendency. Future price keeps working above the Sergey channel rail line, show up  multipoint market quotations. . MACD index and KDJ index show upward trend.