Cotton Callbacks Drag On &Nbsp; PTA Maintains Weak Finishing.

　　 Zhengzhou PTA futures weakened in December 23rd. The main contract 1105 opened 9966 yuan / ton, closing 9978 yuan / ton, down 18 yuan / ton, turnover 195600 hands, holding 205562 hands.

Overnight, international crude oil prices hit a recent high, breaking 90 U.S. dollars / barrel and maintaining PX prices high. PTA The cost side has formed support, but because the market is worried about the rise in the risk of European debt, the situation in the ROK and the ROK and cotton also have a callback in the near future, the short-term price quotation has gone up or restricted, so as to maintain the trend of shock adjustment.

New York business On the 23 th, the NYMEX crude oil futures rose to 90 dollars / barrel above the Asian electronics market, due to tight oil stocks in the United States and cold weather in Europe and the northeastern United States. Around 11:30 Beijing time, NYMEX crude oil futures in February reported 90.69 U.S. dollars / barrel, up 0.23 U.S. dollars, or 0.27%. NYMEX February crude oil futures contract settlement price rose 66 cents on 22 days to $90.48 a barrel. The US Department of energy inventory report showed that crude oil inventories fell by 5 million 300 thousand barrels in the week ending 17, a third week decline. JP Morgan released a report saying that in the near night of Christmas Eve, the market was ignited and the price of oil surged. The sharp rise in oil prices has triggered investors' expectations that oil prices may soon hit $100 a barrel, while higher oil prices may put pressure on the recovery.

According to statistics released by the General Administration of Customs in December 21st, in November 2010, China Imported 300 thousand and 800 tons of p-xylene, a 32.63% increase in the ratio of $351 million. In November 2010, China imported 410 thousand and 700 tons of purified terephthalic acid, an increase of 6.43% compared with the sum of $446 million.

Spot price, yesterday, PTA internal market Goods in stock The average price is 9510 yuan / ton (-20), the external spot price is 1185 US dollars / ton (+5), the import cost price is 9826 yuan / ton, the price difference between the inner disk and the imported PTA is -316 yuan / ton.

At present, the PTA production profit is higher, and the downstream terminal demand has entered the off-season. In the short term, PTA spot or futures prices may feel the pressure brought by the production power. But in the medium term, due to the different progress of PX, PTA and polyester production, it is expected that the supply and demand of PTA will tighten next spring festival.