July 25, 2011,Zhengzhou PTA futures cut increase. Main force contract end up with 9546 point, rose up 2 point. In the Euro area, Greece debt crisis is probable to relax, but Chinese government insist to tight the macroscopicreadjustmentandcontrol,which brings many pressure. The Upstream price calls back, but later may decrease in the cost support of PTA. Downstream, PET market goes steady, Replenishment plays the main part. It might be a stimulus to the demand of PTA. We predict that PTA will keep the shake situation.
July 25, 2011.glopx of crude oil futures came down in NYMEX. Although the leaders approved a plan to solve the eurozone debt crisis, but the United States sovereign debt negotiations broke again and brings bearishmarket.Till Beijing time 15:00,the light crude oil end up decrease 94 cents, end up with 98.93 cent.
In the domestic part, Chinese government reclaims to continue the optimistic financial policy and stable monetary policy, treat stabilize the price as the No.1 mission, In the next half year, the pressure will focus on the regulation of the real estate, ensure the plan of Affordable housing. Because we are at the time of lack invest channel,once we loss the reglate and control, A large number of speculative funds may come into the property market again, house prices are likely to rebound again .
On the market part, PTA is in the Price consolidation,MEG price，half matt gloss PET chip,super bright chip goes steady.
In the downstream, textile manufacturers and Add shells silk enterprice have many storage, which create ambicatence, but the chemical fiber has few storage, polyester goods’ supply tension will continue.
