Zhengzhou PTA Increases Warehouse Volume &Nbsp; Low Opening Down (6.04)

In June 4th, Zhengzhou PTA futures weakened and weakened.

The main contract TA1009 turnover compared with the previous trading day volume of 106 thousand hands, to 518508 hands, increased 6538 positions, to 226632 hands; the contract opened at the morning of 7448 yuan / ton, lower than the previous day's settlement price 10 yuan / ton, with the opening of the market, the price shock decline, the lowest exploration of 7350 yuan / ton, then picked up slightly and in a narrow range of shocks, today the highest is the opening price 7448 yuan / ton, the end of the last trading day settlement price fell 72 yuan / ton, reported 7386 yuan / ton.

On the spot market, the PTA spot market in East China is flat, and the offer is 7200-7250 yuan / ton, and the factory's delivery is below 7100 yuan / ton. The real intention is about 7100-7150 yuan / ton, and the turnover is light.

PTA the external market is flat. The price of Taiwan goods and bonded goods is 865 USD / ton. Korea's offer is 840 USD / ton, and the firm offer is 830-855 USD / tonne.

In addition, the Zhangjiagang MEG market has not changed significantly, the seller's small list quoted 6200-6250 yuan / ton, the mainstream negotiated 6200 yuan / ton, the buyer's mind is cautious.

The seller did not make too much concession at the weekend, and the list was also in the vicinity of 6200 yuan / ton.

On cargo side, the atmosphere was dull. 6 months later, the seller made an offer of $740-745, and the buyer inquired for $730-735.

Worries about the European debt crisis are still shrouded. The road to economic recovery in the US remains volatile. Given the uncertainty of the financial situation, the impact of global stock market and commodity market on PTA futures will be enhanced.

In addition, June is polyester demand slack season, the market demand for PTA has been reduced. In a comprehensive view, the PTA market outlook is still weak, and close to the United States is about to announce the impact of economic data on the market.