Gains in U.S. cotton to regain the strong side of PTA or shocks

Zhengzhou Masukura PTA futures rose on the 15th. 1105 contract closed the main 12,178 yuan / ton, up 242 yuan / ton. With the season approaching and the Lantern Festival, the traditional textile loom after the operating rate of downstream increase, PTA up difficult or easy to market outlook. Overnight gains in U.S. cotton to regain

Expected volatility PTA will maintain stronger trend.

    New York Mercantile Exchange (NYMEX) crude oil futures fell on the 15th closing settlement price of the lowest level since two and half months, as investors higher U.S. crude oil supply enough to offset concerns about the level of unrest in the Middle East region caused by worries about the situation

Boost effect. March crude oil futures contract settled down $ 0.49, to November 30, 2010 level of the lowest settlement since $ 84.32 a barrel, down 0.6%. Also on the 15th release of the United States in January was weaker than expected retail sales data, which also makes oil
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Price pressure.

    15 U.S. cotton futures decline regain all of the previous session on Tuesday, closing up more than 2%, as some speculators in the market bargain hunting. ICE cotton futures March contract settled 3.97 cents, or 2.13%, to $ 1.9002 per pound. Asia
Chau PX or $ 3 to 1635-1636 U.S. dollars / ton FOB Korea, Europe fell $ 1 to the 1741-1745 U.S. dollars / ton FOB Rotterdam, up $ 5 to the 1710-1715 U.S. dollars / ton FOB U.S. Gulf.

    China National Bureau of Statistics released on Tuesday, January CPI was 4.9%, lower than market expectations, short-term pressure to effectively alleviate the domestic constraints. Meanwhile, customs data show that in January 2011, China's textile and apparel exports of $ 21,618,000,000 total, up by

Length 38.58%, higher than the growth rate of 23.59% in 2010 full year increased 14.99 percent. Additionally, last week, economists expect U.S. economic growth increases, so demand is still high season PTA can be expected.

    Spot, the East China market, the majority of PTA , market sellers  reluctant to sell, the buyer inquiry are more practical to discuss in 11800-11850 yuan / ton in the vicinity to start a firm offer rare. PTA market sentiment in Asia rose sharply affect the futures higher, spot 
Few take the initiative to offer the market, most business  reluctant sellers, the actual goods negotiations in the 1490-1495 Taiwan dollars / ton in the vicinity to start negotiations in the 1470-1475 Korean cargo dollars / ton, a firm offer rare.

    Currently, PTA plant operating rates remain high at 99%, polyester 84% operating rate in the -85% level, but also at record levels. Upstream production of polyester industrial chain enthusiasm not diminished, but it is still difficult for downstream looms a substantial increase in load. Current

Jiangsu and Zhejiang region at about 35% operating rate, terminal weaker demand, due to return home for the New Year not yet a large number of migrant workers back to the city, while the textile and garment industry is a typical labor-intensive industries, therefore, the terminal may be operating rate of the Lantern Festival Day after

Can be gradually restored.