PTA Spot Prices Expected at 6560-6660 Yuan/Ton on May 13 as Crude Oil Rallies

GateNews

According to Golden Bull Futures, PTA spot prices in East China are expected to trade in the range of 6560-6660 yuan/ton on May 13, pressured by weak industrial demand despite crude oil’s three-day rally.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

WTI Crude Oil Futures Fall 0.69%, U.S. Natural Gas Down 0.70% on May 13

According to Jin 10 Futures, as of 09:30 Beijing time on May 13, WTI crude oil futures fell 0.69%, while U.S. natural gas futures declined 0.70%.

GateNews12m ago

London Nickel Falls to $18,955/Ton on May 13, Down 1.6% Overnight

According to Jin 10 Futures, London three-month nickel closed lower on May 13, settling at $18,955 per ton with a decline of 1.6%. China's Shanghai nickel futures also retreated, closing at 145,650 yuan per ton, down 0.88%. Market sentiment remained pressured as geopolitical tensions

GateNews14m ago

China's Domestic Futures Open Mixed; Low Sulfur Fuel Oil, Crude Oil Rise Over 2%, Metallurgical Coal Falls 3%

China's domestic futures opened with mixed performance this morning (May 13), with low sulfur fuel oil (LU), SC crude oil, and liquefied petroleum gas (LPG) rising over 2%, while metallurgical coal dropped over 3% and coke fell over 2%. International copper and fuel oil gained over 1%, synthetic

GateNews38m ago

Shanghai Containerized Freight Index Europe Route Rises Over 3% to 2536 Points Today

The Shanghai Containerized Freight Index (Europe route) main contract climbed over 3% today, closing at 2536.0 points.

GateNews38m ago

China Containerized Freight Index Europe Route Rises 58.5 Points to 2,520.0 Intraday, Up 2.38%

China's Containerized Freight Index Europe route main contract rose 58.5 points intraday today to 2,520.0, gaining 2.38%.

GateNews38m ago

U.S. CPI rises, boosting rate-hike expectations; Bitcoin falls back to $80k

On May 13, Bitcoin fell back to $80,700. According to data released Tuesday by the U.S. Bureau of Labor Statistics (BLS), the U.S. April Consumer Price Index (CPI) rose 0.6% month-over-month, with the year-over-year increase reaching 3.8%, higher than economists’ expectations of 3.7%. On the back of the data, according to the CME’s “FedWatch” tool, the probability that the Federal Reserve will hike rates by 25 basis points in December rose to over 30%. April CPI Data Background: Hormuz Blockade

MarketWhisper38m ago
Comment
0/400
No comments