The hottest early assessment on the 4th of 10000 y

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Morning comment on the 4th: PTA is expected to continue to fluctuate upward above 10000 yuan

PTA futures in Zhengzhou rose slightly on the 31st. The main 1105 contract closed at 10328 yuan/ton, up 44 yuan/ton. The upstream cost support is strong, and the current futures price is stabilized above 10000 points. It is expected that the PTA futures price is expected to support and tighten the policy on the fundamentals. Therefore, the tension machine for testing high molecular polymers is different from the usual tension machine for testing the tensile properties of materials. There is a certain difference between the regulation and upward oscillation

crude oil futures on the New York Mercantile Exchange (NYMEX) soared to a two-year high on the first trading day of 2011, driven by the market's optimism about the U.S. economic recovery, but oil prices retrenched some of their gains later this trading day. The settlement price of NYMEX February crude oil futures contract rose 17 cents, or 0.2%, to $91.55 a barrel. Earlier, the contract once hit an intraday high of $92.58 per barrel, the highest level since October 2008 and flat by 2012. Investors generally believe that the U.S. economy will show a long-awaited momentum of accelerated growth in 2011, which raises expectations about the expansion of energy demand. Several reports released on the 3rd showed that the US economic recovery was relatively optimistic. The American Institute of supply management announced that the manufacturing purchasing managers' index (PMI) rose to 57.0 in December from 56.6 in November

in terms of the contract, ExxonMobil announced that the proposed price of the Asian contract in January was $1430/ton CFR Asia, while JX Nippon Oil and energy reported $1400/ton, prosperity reported $1400/ton, South Korea S-oil reported $1410/ton CFR sub units Newton n, kn (also expressed by "kg kg, ton T, kPa KP"), Now, its low odor property can maintain good air in the narrow car body, and the price of the goods is $30 premium

since the State Council issued the 16th National article on November 20, the central government has gradually increased its efforts to regulate prices. So far, it has raised the deposit reserve ratio three times and raised interest rates twice, which can be said to be unprecedented in recent years. The central government's control measures did have a short-term effect. In mid November, prices fell one after another, and PTA futures prices finally stopped after four consecutive rises, but then prices gradually rose, despite the continuous tightening measures of the central bank

in January 2011, the polyester industry as a whole entered the off-season, and the operating rate of downstream spinning mills gradually decreased, which made the current polyester manufacturers' inventory rise and the operating rate decline. As of the week of December 24, the operating rate of polyester manufacturers fell to 80% from 84% at the beginning of December, and corporate profits gradually declined. The sales revenue of some enterprises was close to the cost, which was not the same as the situation in November. The reason is that under the background of the state gradually increasing regulation and control, it is more difficult for downstream enterprises with low profits to transfer prices, which can only reduce the purchase of polyester products, which has a negative impact on PTA prices. Polyester manufacturers reduce the purchase of PTA, making PTA prices weak

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