India Again Banned Cotton Exports To &Nbsp; The Chemical Fiber Industry Benefited.

1, India once again prohibits cotton exports, and the domestic chemical fiber industry will benefit from it.

In March 5th, India industry and Commerce The Ministry issued a ban on cotton exports and decided to ban India's cotton exports from now on. This is the second time since 2010 that India has introduced a policy restricting cotton exports, which is only 6 months away from the last restriction on cotton export. Agence France-Presse quoted the India cotton export promotion council data report that in the last cotton fiscal year ended in March this year, India exported 8 million 500 thousand cotton bags, exceeding the government's 100 thousand package, which may be the main reason for the India government's ban. India is the second largest cotton producing country and exporter in the world. The promulgation of the ban will affect the supply of global cotton to a certain extent. China's cotton imports are relatively large. In 2011, China's cotton imports amounted to 2 million 570 thousand tons, accounting for 39% of its output, while imports from India amounted to 640 thousand tons, accounting for 25% of total imports.

We expect that if the ban is strictly enforced, it will be pushed to a certain extent. Domestic cotton prices The increase in cotton prices will increase the amount of chemical fiber used for substitution, and the industry will benefit. The main benefited varieties include polyester, viscose fiber and so on. It is recommended to pay attention to Huaxi stock (000936) and Xinxiang chemical fiber (000949). The price of polyester will increase or the price of raw material PTA will be pushed up. Therefore, Hengyi Petrochemical Company (000703) can also be concerned. It is necessary to remind investors that the move in India has led to opposition from all sides. The China Cotton Association has written to the Ministry of Commerce and industry of India and the India Cotton Association on behalf of the industry, expressing strong protest against the India government and whether there is some uncertainty about whether the ban can be promoted.

2, methyl ethyl ketone prices continue to rise.

The five products of the current two-week average price increase were liquid chlorine, nitric acid, toluene, methyl ethyl ketone and BDO; the five leading products of the two-week average price decline were soda ash, hydrochloric acid and Viscose fiber NYMEX natural gas and adipic acid. List of prices, methyl ethyl ketone prices continue to rise, the current price has reached 9000 yuan / ton, the two-week average price increase of 2.97%, methyl ethyl ketone is an alternative product of acetone, we have statistics for 07 years to date price, found that the average price of methyl ethyl ketone is higher than acetone 1960 yuan, and from the downstream production process, the unit solvent of methyl ethyl ketone consumption is less than acetone, at present the price of acetone is about 8300 yuan, so we judge that methyl ethyl ketone price will rise to 10000 yuan / ton, it is recommended to continue to pay attention to Qi Xiang Tengda.

The two-week average price increase of liquid chlorine at the top of this phase rose by 136%. The main reason for the sharp rise in prices is the chlor alkali enterprises' operating rate has declined and the downstream demand has increased. Caustic soda and liquid chlorine are co production products, producing liquid chlorine at the same time producing caustic soda, the price of caustic soda has recently been callback, the downstream demand is sluggish, the operating rate of enterprises has decreased, and the demand for propylene oxide, PVC and other industries in the downstream liquid chlorine industry has been warming up recently, which eventually led to a sharp rise in the price of liquid chlorine. Listed companies do not have liquid chlorine as the main industry, and can focus on a higher level of chlor alkali enterprises. In the context of high liquid chlorine prices, their integration advantages will be highlighted, such as Inner Mongolia Jun Zheng.