PTA continues to operate at low level under the ho

Under pressure, PTA continued to operate at a low level

on Friday, Zhengzhou PTA futures opened low and went high, and continued to consolidate at a low level. The main 803 contract opened at the lowest price of 7046, and closed at 7078 in the morning, down 0.08%. Afternoon trading was low, with only 15648 transactions and 52 positions increased. The moving average system is still under strong pressure

crude oil futures closed slightly lower on Thursday, with intraday volatility and sluggish trading, affected by traders' closing positions at the end of the year. The settlement price of February light sweet crude oil futures contract on the New York Mercantile Exchange fell 18 cents, or 0.2%, to $91.06 a barrel. ICE Futures Exchange February Brent crude oil futures contract fell 60 cents to close at $90.88 a barrel

although oil prices held most of the gains made on Wednesday, there was no decisive factor driving oil prices up or down on Thursday. Traders seem to plan to close their positions before Christmas next week. Many analysts believe that oil prices will not move out of the range of US $per barrel in the past week at the end of the year. On Wednesday, the trading volume of crude oil futures on the New York Mercantile Exchange totaled 349278 pieces, which was the lowest level since November 23

for the state of the US economy. The Ministry of Commerce kept its second quarter economic growth forecast unchanged at 4.9%, saying that the current economic growth rate was the strongest in four years, even though the housing industry was worse than previously expected. However, the mortgage crisis continues to affect the financial industry

on Friday, the electronic trading of U.S. crude oil held steady above $91, and the February crude oil futures contract rose $0.05 to $91.11/barrel

in terms of raw materials, there has been a certain shock in the PX market a few days ago. The price of PX raw materials in January and December has increased by $10/ton. At present, the price of December goods in Europe is quoted in USD/ton in polycarbonate FOB Rotterdam, and the counter-offer of about $1025/ton is relatively common, indicating that the market has indeed increased. The PX export market in the U.S. region has not performed well recently. The spot market quotation and bid price in the U.S. region are $1060/ton and $793000/ton respectively. The PX market price in Asia is general, and the downstream delivery and receiving price in January is generally between US dollars/ton (CFR China, l/c90 days). The PX spot market transaction in Asia is still relatively light, and some traders are still paying attention to the contract goods market in 2008, but the contract negotiation progress is slow due to the large differences between the buyer and the seller. Market participants believe that now PX manufacturers have encountered the first cold spell in five years and are operating at a loss. (Kechuang information/China Securities)

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