The hottest news is co fermentation, and PTA has s

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Positive news co fermentation PTA rising momentum is sufficient

Zhengzhou PTA futures unexpectedly strong on the 11th, with the main 1201 contract closing at 9528 yuan/ton, up 446 yuan. If the Federal Reserve maintains a long-term low interest rate, the Chinese government may stop the continuous tightening of policies, which is good for the textile industry. Recently, PX and PTA devices have frequently failed, which leads to a slightly tight supply and demand of PTA in the short term. Coupled with the upstream cost support, PTA has a strong intraday trend. Technically, the upward momentum is still sufficient, and the rebound may continue. The overnight crude oil continued to rise after the protection ring value, while the US cotton harvest was low. Recently, PTA faced further test pressure of 9800

crude oil futures on the New York Mercantile Exchange (NYMEX) closed higher on the 11th, as investors bought on bargain hunting and the U.S. stock market rebounded, boosting market sentiment. In addition, this time has come, and the relevant data of the employment market has performed well, which has also formed a support for the crude oil futures market. NYMEX September light crude oil futures rose $2.83, or 3.4%, to close at $85.72 a barrel, hitting $81.03 a barrel as low as in the session. Ice Brent crude oil futures rose $1.34, or 1.3%, to close at $108.02 a barrel

Asia PX fell $5 to USD/ton FOB South Korea, Europe was stable in USD/ton FOB Rotterdam, and the United States was stable in USD/ton FOB US Gulf. Intercontinental Exchange (ice) futures cotton closed lower on the 11th. Analysts said that after a wave of short covering buying subsided in the early trading, the effect of investor humidity on the performance of plastic energy firmly installed load cell material in the late trading was mainly to penetrate into the absorption process and sell off. At the same time, traders digested an important crop report of the U.S. government

in terms of spot goods, the PTA spot market offers 9700 yuan/ton, the buyer's intention is yuan/ton, and the negotiated valuation is yuan/ton. The low end is hard to find. At the end of August, Asia PTA Taiwan offered us dollars/ton for shipment, and the buyer's intention remained at US $1250/ton or slightly higher. There was resistance to high-end transactions when negotiating the valuation of US $per ton

in the downstream market, Jiangsu and Zhejiang polyester fiber as a whole maintained a stable and declining trend, but the coverage was expanded compared with yesterday. The downstream market mostly held a wait-and-see attitude, and the market continued to be weak. Polyester production and sales in mainstream factories in Jiangsu and Zhejiang are weak, with most of them at a low rate, some at a low rate, and some at a high rate. The peripheral market is still weak, the inquiry atmosphere in the direct spinning polyester short market is insufficient, and the factory quotation is stable. The mainstream quotation of semi-finished 1.4d private enterprises in Jiangsu and Zhejiang Province is RMB/ton, and the factory leaves the factory with cash

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