PTA Will Bottom After the China National Holiday
Author: Oct 08, 2011 11:47
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168tex News: The national economic situation turmoil, China PTA futures is implicated. Meanwhile, for the downstream demand is low, PTA will continue to slump this week. By closing, PTA drawdown is 5.02%, the turn over has increased by large. After the spot market survey, we find the situation is not optimistic, especially for polyester demand. See from quotation, PTA 1201 contract hit new bottoms one after another. Even after the big price rebound yesterday, the market still lacks popularity. But see from commodity value, even with multiple unfavorable factors, the market short selling energy will be gradually weakened.
Middle or long term investments are suggested to buy in by large when the price is low. It is estimated that PTA price will bottom after the national holiday of China.
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Editor: Candy From: 168Tex.com
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