Expected Price Will Continue The Trend Of Wide Range Concussion.

　　 Zhengzhou PTA futures are weakening on the 15 day. The main 1105 contract closed at 9754 yuan / ton, down 132 yuan.

The recent high price crude oil has given PTA a certain cost support, but the market's expectation of domestic monetary tightening policy, the short term trend of commodity prices and the downstream industry of the PTA continue to be cautious. The polyester factory is still mainly shipping, and the polyester market is still dominated by a steady fluctuation in the short term.

New York business The NYMEX crude oil futures settlement price rose 15 days, reversing the decline in early trading, as the data released by the US showed that the largest decline in US oil inventories occurred in eight years. The New York Mercantile Exchange's crude oil futures contract settlement price rose 34 cents to $88.62 a barrel, or 0.4%. The US Department of energy released a report that crude oil inventories fell by 9 million 900 thousand barrels as of December 10th, which is much lower than analysts had expected 2 million 700 thousand barrels. Crude oil and total fuel stocks fell to their lowest level since November 2008, partly to a significant reduction in imports. In addition, the International Energy Agency and the organization of petroleum exporting countries raised their respective oil demand expectations respectively last week.

Crude oil futures prices also rose due to the US industrial production growth exceeding expectations in November, indicating that the factory will support the US's economic growth in the world's largest oil consuming country. According to the Fed's data, output in factories, mines and power plants increased by 0.4 percentage points in November and 0.2 percentage points in November in November. According to the median estimated value of 75 economists surveyed by the media, economists estimate that industrial output will increase by 0.3 percentage points in November.

On the spot side, with the decline of PTA futures in the PTA market in East China, the market mentality is worse than before. The East China PTA spot market is down, the offer is roughly 9500 yuan / ton, and the real intention is around 9400-9450 yuan / ton level. In the afternoon, the PTA spot market in Asia declined, the Taiwan bonded goods offer was near $1180 / ton, the market enquiry increased, and the activity increased. The intention of the firm was more than $1170-1175 / ton, and the market was quiet, not much.

Downstream, PTA futures have been slightly better for two consecutive days, Zhejiang market. Polyester filament There is still no obvious improvement, the downstream continue to watch carefully, the polyester factory is still mainly shipped, the market as a whole is stable, individual shipments due to the impact is still downgraded, the decrease in 100-00 yuan / ton; Xiaoshao polyester stable, individual down one to three hundred, POY, DTY, FDY150D mainstream 12000-12500, 14200-14500, 12500-12800 yuan / ton; Shaoxing factory polyester FDY semifinished part dropped from 1 to three hundred, 61/24, 75/72, 100/48 reported 16950, 15900, 14100 yuan / ton.