July 20, 2011 PTA Rose 1.29% in Zhengzhou Market

July 20, PTA1201 futures contract rose 1.29% in Zhengzhou Market, the quoted price is 9440 yuan/T, The saying that Chinese Official release needs to keep deflation policy worry the market, but inventory’s price goes low in the downstream market, price of raw material goes higher.

July 19, 2011, Crude oil concract rose $1.61(1.67%)in NYMEX, end up with $97.86. API’s report last week showed that American’s crute oil inventory fell more than exceptation.Invenrory reduce 520 m bbl in American market.The 1.2% rising up of the use ratio inspired the tendency of the market. Enterprise’s strong achievement and the declaration expressed by Obama that some progress has achieved in the negotiation that regulate American’market inspire the American stock market. It perform the best show in these three months and support the oil market. Start building growth rate goes to top Junuary,which reduce the worry to the real estate industry and economy’s greath.The price rose of the Crude oil will add to the cost of petrochemical, and benefit to the futures price.

July 19, 2011,PTA price adjusted, MEG price went up in the Shengze Chemical fiber market, half matt gloss PET chip, super bright PET chip, price goes steady, half matt slice mainly at 12400yuan/T,bright slice mainly at 12350 yuan/T.CPD slice deal at 13300yuan/T,promise to arrive in 3 months, PET Bottle Chip’s price is 12300 yuan/T.