Zhengzhou PTA Futures Market Skips, Lows And Lows

In May 5th, the PTA futures market in Zhengzhou dropped sharply and fell sharply.

The main contract TA1109 pactions than the previous one.

In terms of upstream raw materials, US employment growth slowed down and was lower than expected. Manufacturing and service industry growth slowed down, and depressed market sentiment. New York crude oil futures clearing price fell 1.81 US dollars to 109.24 US dollars per barrel in June. On the 4 day, the Asian PX market rose 2.5 US dollars to 1594 US dollars per ton CFR Taiwan, and the cost support for PTA remained weak.

Spot market, PTA spot prices continued to decline, the offer of 10250 yuan / ton, the factory mostly contract goods, spot purchase intentions dull, delivery of 10100 yuan / ton, the actual offer negotiated around 10150 yuan / ton, the main contract price break million yuan pass, market confidence frustrated, wait and see atmosphere is thick, no delivery, the actual market is very light.

The import cargo is still weak. The Taiwan cargo and bonded goods offer is 1320 US dollars / ton, the delivery volume is 1305 US dollars / ton, the firm offer is approximately 1310 U.S. dollars / ton, the Korean cargo and bonded goods offer is 1310 USD / ton, the firm price is approximately 1300 US dollars / ton, the buyers are watching more, the sellers still have the initiative to offer, and the firm offer is still light.

Crude oil has been dragging down Zhengzhou's PTA.