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Hongye Futures: Morning Report On PTA And Glass

2016/7/16      view:

Oil price goes rising this morning while PX keeps stable, giving some cost support for PTA. As for the spots in northern part of China, it shows a reduction in a slight range. PET is still in the slack consumption. But on the other hand, PTA has a large amount of inventory. Businessmen are confused by frequently fluctuation of futures.


Now the inventory of most spots factories is ubiquitously low so manufacturers are more likely to increase the price. Viewing from individual regions, delivery in Shahe is just so so since a frequent rainfall. In central China and southern part of China , a meeting will be held to negotiate price on the expectations of rising price or stabilizing price. The glass market went into a low situation although with a higher opening, and it may run into the fluctuation.

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