The overall atmosphere of the surrounding area on October 8 drove the PTA to open higher

Zhengzhou PTA** opened higher on the 30th and the main 1201 contract closed at 8,780 yuan/ton, up 328 yuan. Germany supported the strengthening of the EFSF and the U.S. data was strong, boosting the pessimism in the market. The price of PX in the Asian market fluctuated at a high level and the PTA cost support continued to weaken. It is expected that there will be a rebound in the short-term PTA, but the downstream terminal weaving will have a negative action and will increase during the National Day, and the PTA space will not be too large.

New York Mercantile Exchange (NYMEX) crude oil ** 30th Asian electronic trading within a narrow range higher, the German parliament voted through the EFST expansion program, in addition to a series of US economic data is good, eased market concerns, boost crude oil prices, However, due to the lack of a lasting solution to the European debt crisis, investors remain anxious and are expected to drag on the price of crude oil. As of 15:00 Beijing time, NYMEX November crude oil ** reported at 82.63 US dollars / barrel, up 0.49 US dollars.

In terms of news, the German parliament approved the expansion of the European rescue mission. The voting data shows that the differences are not significant. The better-than-expected US economic data also boosted investor confidence. Despite this, the economy shrouded in the shadow of recession. Rescue ** can not help stabilize the capital market, Soros said that Europe's rescue is still far from enough. Soros had once stated that the huge risk of European debt, and subsequently verified.

In terms of spot prices, PTA prices continued to decrease, MEG prices continued to sink, prices of semi-bright polyester chips and large bright polyester chips fell, CDP chips prices fell, and polyester bottles prices moved downwards. On the market, the mainstream of semi-duty chips is at 12450/ton, the cash chips are in the mainstream at 12,400 yuan/ton, and the spot transaction price on the CDP chip market is accepted at 3,300 yuan/ton in three months. The PET bottle market is generally sent to the market. The price is 12850 yuan/ton.

In the downstream area, the downstream weaving and cannonball enterprises' procurement volume has shrunk dramatically, and the downstream weaving and cannonball enterprises have all experienced a decrease in the operating rate. In order to strive to ship, the chemical fiber spinning manufacturers have correspondingly increased the price of the discounted promotional action, resulting from the cost. With falling and low production and sales factors, the trend of falling polyester prices in the future will continue.