Hongyuan Futures: More Profitable, PTA Upward Trend Does Not Change.
1.
Upstream raw materials
Price: yesterday, WTI crude oil spot price was 83.83 US dollars / barrel (+1.09), CFR Japan naphtha price was 786 US dollars / ton (+8), FOB Korea MX price was $1035 / ton (+9).
FOB Korea PX price is 1248 US dollars / ton (+5), import PX is equivalent to PTA production cost is about 7893 yuan / ton, PTA spot price and PX conversion PTA production cost price difference is 916 yuan / ton.
The production cost of PTA calculated by imported naphtha is 7034 yuan / ton, and the spot price of PTA is 1775 yuan / ton from the production cost of naphtha converted to PTA.
2, PTA spot price: yesterday, the average spot price of PTA internal disk was 8810 yuan / ton (+190), the spot price was 1081 USD / ton (+15), the import cost price was 9000 yuan / ton, the difference between inner and imported PTA was -190 yuan / ton.
3, market structure: yesterday, the current PTA price difference was 420 yuan, and the spread was weak.
1101 the difference between the contract and the 1012 contract is 74 yuan, the difference between the 1105 contract and the 1101 contract is 364 yuan, and the difference between 1105 contract and 1012 contract is 438 yuan.
4, MEG price: yesterday, the domestic MEG price was 7920 yuan / ton (+190), and the import MEG price was $991 / ton (+9).
5, PTA index: yesterday, the PTA load index was 82 (-7), and the polyester load index was 85 (unchanged).
The exchange's warehouse receipt is 21593 (+399).
The load index of Jiangsu and Zhejiang looms is 73 (no change).
6, polyester gross profit: yesterday,
Polyester gross profit
It's 2158 yuan.
7, the total volume of Light Textile City: the total volume of China Textile City is reduced to 6 million 670 thousand meters, of which the chemical fiber cloth and cotton cloth are 543 and 1 million 240 thousand meters respectively.
Among them, all cotton cloth, T/C cloth, T/R imitation wool cloth and human cotton cloth are 41, 18, 48 and 50 thousand meters respectively.
The demand for goods in the market is increasing, and some areas accept the current price. But the spot supply is limited, the capacity of the weaving mill is not enough, and the volume is hard to break through.
8, crude oil prices: yesterday's close, the New York mercantile exchange light crude oil futures in December futures $85.03 a barrel, 1.35 dollars higher than the previous trading day; London intercontinental Brent crude oil futures in December, 86.38 U. S. dollars per barrel, up 0.97 U.S. dollars.
9, maintenance and expansion: starting in October.
Shanghai petrochemical
Ningbo Taiwan, Dalian Yisheng overhaul, South Korea three South, Samsung and KP's maintenance in October is more than a week, Indonesia's MITSUBISHI, Taiwan East Exhibition overhaul also carried out in October, India MITSUBISHI operation is still not normal, Japan Mitsui's overhaul has just ended, 9-10 months of Asian devices set up overhaul makes PTA Asian supply in October is quite tense, after September, the new polyester device start-up and polyester from filament to staple fiber high profit makes polyester load continue to improve.
Conclusion:
Yesterday, PTA rose sharply. The PTA spot rose sharply and replenishment demand led to a rise in the prices of downstream products. The cotton prices surged into the era of high prices. The short staple manufacturers continued to lose their goods and increased their demand for PTA. The polyester factory stock continued to be on the low side, and the replenishment continued. The spot trading of PTA and EG was active, and PTA was significantly reduced due to the overhaul load, and the supply and demand was tight. There was still upward space in the later stage of the PTA. The Fed's policy statement further purchased the US $600 billion long term treasury bonds in line with expectations. The US crude oil rose 1.35 US dollars to 85.03 US dollars / barrel, and the US dollar index dropped 0.27 to 76.43%.
- Related reading
- City Express | Deep Foundation: Deputy Secretary Of The Municipal Party Committee And Mayor Chang Shuming In Samsung Clothing Research
- News Republic | Samsung Garment As A Practical Training Base For College Students, Does Not Forget To Take The Initiative To Provide Internship Opportunities For Graduates.
- brand building | Remember The Mission Of Jinzhong City People'S Congress To The Samsung Garment Expansion Project Base Research
- Dress culture | Non Heritage Culture: General Tiger Appeared In The 2019 "ABC Cup", The First Jinzhong City Vocational Skills Competition.
- Dress culture | The Inheritance And Development Of The Handicraft Skills Of The Heritage Culture "General Tiger" Won The Entrepreneurial Award.
- Company news | Devotees Of The Great Parade: Shanxi Bing Juan Garment Co., Ltd. Successfully Completed The National Day Military Parade Production Task.
- Fashion brand | G-SHOCK (CASIO) X CONVERSE TOKYO New Joint List Will Be Landed Next Month.
- Fashion brand | Chao Card 424 X Arsenal (A Senna) Joint Gentlemen Clothing Series Released
- Fabric accessories | Leading The New Trend Of Wool Industry, The Eighteenth "Weaving Trade Fair" Will Be Held In November.
- Fashion blog | The Main Trend Of Autumn And Winter Is Western-Style Clothes, Loose Trousers, Big Shoulder Suits And Retro Costumes.
- Shoe Enterprises To Abandon Chains And Seek Breakthrough In Department Stores
- Early November 4Th Commentary: Upstream Shocks Rise &Nbsp, PTA Or Follow Up.
- Brand 10.Deep 15Th Anniversary Pop-Up&Nbsp; Shop
- Cathy Chui Responded To Pressure Rumors: Giving Birth Is Responsibility
- PTA Will Continue To Be Strong In The Busy Season Of Production And Marketing.
- Orders Increase Profits To Reduce &Nbsp; Dongguan Shoe Enterprises Use Department Stores To Expand Domestic Market.
- Shoe Enterprises Are Sold Domestically, Without Brands, They Can Also Act As Agents.
- Joseph Cheng'S Sexual Orientation Is Normal, And Li Fei'Er Denied Being Banned.
- Research And Development Of Pure Rabbit Hair Yarn And Garment
- It Takes Time To Develop Carbon Fiber Composites.