Early Price Trend Of Textile And Chemical Industry In March 20Th

< p > the number of new housing starts in the US rose in February, and the number of building permits increased to the highest level since 2008, which further demonstrates the recovery of the US real estate market. In February, 917 thousand new housing starts were completed, 915 thousand households were expected to be built, and 946 thousand households were granted construction permits, with 925 thousand households expected. < /p >
< p > Germany ZEW economic prosperity index increased 0.3 points to 48.5 points in March, the highest level since April 2010. It is expected to drop to 48.1. Since last December, German investor confidence has improved for four consecutive months. < /p >
< p > Cyprus introduced a revised deposit tax bill: deposits below 20 thousand euros, no taxation, 20 thousand -10 million deposit tax 6.75%, 100 thousand euro tax 9.9%. A spokesman for the Cyprus government said that Parliament did not seem to approve measures to levy taxes on bank deposits. The government was looking for other ways to shift the financial burden that should be borne by bank depositors. The European Union said it would discuss Cyprus agreement with Russia on Wednesday. < /p >
< p > India central bank cut interest rate second times during the year, reducing the policy repo rate from 7.75% to 7.5%, keeping bank cash reserve rate unchanged. However, due to inflation and current account deficit, there is limited space for further monetary easing. < /p >
< p > < strong > < a > href= > http://www.91se91.com/news/index_q.asp > cotton > /a >: the new year policy is about to come out.
< p > the overnight ICE phase cotton is lower and higher, the main contract in May is up 0.30 cents to 91.13 cents / pound. The technical figure is facing the demand of callback, but the rising pattern has not changed. Zhengmian 1309 contract closed on Tuesday and closed at 20160 points, up 15 points from the previous trading day. The top twenty were 209 to 48157 hands, and 533 to 52175. Trading volume dropped sharply compared with the day before yesterday, indicating that the price rise was weak, the MACD index extended the green column, and the KD index was diverging downward. Cotton warehouse receipt information: cotton warehouse receipts totaled 118 (of which 38 were Xinjiang cotton), 15 less than the previous day. 31 effective forecasts. Fundamentals: domestic cotton CC Index 328 price index: 19363 yuan / ton (+1), imported cotton FC Index M price index: 99.40 cents / pound (-0.51), 1% tariff 15908 yuan / ton, discount sliding quasi tax to 16452 yuan / ton, and cotton price difference to -2911 yuan / ton. < /p >
< p > market rumors. In the short term, the new annual storage and purchase policy is about to be released. The price will remain unchanged at 20400 yuan / ton. It will continue to open up and store up. The latter will not be allowed to circulate in the futures market. In the same period, 700 thousand tons of processing quotas will be issued and the number of reference cotton reserves will be released in proportion to the general trade quota. A href= "http://www.91se91.com/news/index_x.asp" > cotton growers < /a > planting enthusiasm has no suspense in the new year's production, and the state has opened up storage to stabilize market confidence. It is necessary to guard against the fact that the state stock has reached a historical high level, which means that the late cotton reserves will be greatly increased. If the downstream consumption is slow, can the textile enterprises continue to strengthen procurement to boost Cotton City, the author has reservations. For Zheng cotton futures, the policy will boost market confidence in the short term and the "soft landing" is expected to continue. However, the 01 contract and the first trading exchange have indicated their attitude. Reporters believe that if the rumor has been fulfilled in the late stage, the purchasing difficulties of textile enterprises and the inventory pressure of traders will be greatly alleviated, and the price of 20400 yuan / ton is difficult to attract. < /p >
< p > March 19th > a href= "http://www.91se91.com/news/index_f.asp" > cotton reserves < /a > quantity was 70126.2848 tons, actually clinch a deal of 21276.9846 tons, the transaction ratio was 30.34%, compared with the previous trading day, 3.62%; the average cotton turnover average was 3.73, which was 0.05 lower than the previous trading day; the average length was 28.37, which was 0.02 lower than that of the previous trading day; the weighted transaction price was 18863 yuan / ton, compared with the previous trading day, which dropped by 42 yuan / ton, and the 328 grade transaction price was RMB yuan / ton (common weight), falling to the yuan / ton, which was lower than the price of the CC Index price yuan yuan / ton. As of March 19th, the total amount of the total listing was 2797066.5324 tons, with a total turnover of 813728.6711 tons, with a turnover ratio of 29.09%. In 2012, cotton temporary storage and storage totaled 6412910 tons, and Xinjiang totaled 2541080 tons. The total volume of transactions in the mainland was 2144880 tons, and the total turnover of key enterprises reached 1726950 tons. Operation suggestion: CF1309 trend investor can rely on 20500 yuan / ton pressure level layout empty list. < /p >
< p > < strong > PTA: the overall industry downturn will not be changed. TA should be cautious in empty single holdings. < /strong > /p >
< p > overnight WTI crude oil opened high and closed down. The main contract in May fell 1.59 US dollars / barrel to 92.52 US dollars / barrel. Brent crude oil closed high and closed down, the main contract in May fell 2.06 U.S. dollars / barrel to 107.45 U.S. dollars / barrel, technical graphics look at the price rebound demand. The TA1309 contract closed on Tuesday, closing at 8114 points, down 48 points from the previous session. The top twenty were 22845 to 144590 hands, adding 17353 hands to 153571 hands. In general, multi party strength was slightly dominant. Trading volume increased slightly compared with the previous day, indicating that the price decline was strong, MACD index green column shortened, KD index downward divergence, technology graphics view period price is weak. On the spot: PX external: $1533 / ton (-13), PTA external disk: $1101 / ton (-11), PTA inner disk: 8060 yuan / ton (-60), MEG external disk: 1035 USD / ton (-7), MEG inner disk: 7740 yuan / ton (-50), polyester chip: 9900 yuan / ton (0). < /p >
< p > PTA inside and outside the market appeared slightly weaker in the afternoon, and the focus declined slightly. MEG is affected by the forced tank, but the offer and purchase are negative. The downstream polyester market is mainly based on flat reports, and the discount continues. But the trading atmosphere is low. < a href= "http://www.91se91.com/news/index_h.asp" > polyester < /a > short market is temporarily down, but the atmosphere of trading is low. Operation suggestion: PTA1309 is strictly held in empty space, and the conservative can leave the market gradually. < span style= "font-family:" Times New Roman "; font-size: 10.5pt; mso-spacerun:" yes "> {page_break}" less ".
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< p > < strong > LLDPE: rebound is expected to continue, and the industry will maintain a weak trend. "/strong" > /p >
< p > Plastic 1309 contract closed on Tuesday, closing at 10665 points, up 230 points from the previous trading day. The top twenty were 22730 to 104097 hands, adding 15489 hands to 97544 hands. In general, multi party strength was slightly dominant. Trading volume increased significantly compared with the day before yesterday, indicating that the price rebound momentum is strong, MACD index green column shortening, KD index upward divergence, technology graphics, the price rebound is expected to continue. < /p >
< p > industry dynamics: the linear pricing of PetroChina East China PE is increased, high pressure Daqing 2426H hangs 11000, 18D hangs 11150, linear inflation 100, Fushun 7042 set 10650, Lanhua 7042N 10650, low pressure Dushanzi 8008 8008 105505502, fixed 10900, and Jihua 9455F set 11100. < /p >
< p > Zhonghua North China PE linear listing price rises, high pressure keeps stable, Daqing / Lanhua 2426H hangs 11000, Daqing 2426K hangs 10950, linear inflation 100, Jihua / Daqing 7042 hang 10750, low pressure is steady, Daqing / Dushanzi 8920 10620, Jihua 9455F 11120, Daqing 5000S set 11350. < /p >
< p > Southern China petrochemical PE high pressure part of the petrochemical industry is rising, the high pressure Maoming 2426K rises 50 to 10850, the rest is stable, 951-050 fixed 11000, linear Fuxing 7042/7050 fixed 10650, wide stone 7042 set 10750, low voltage Maoming TR144 set 11250, Maoming 5502LW/ST fixed 11100, Fuxing 8008 8008 10450. < /p >
< p > medium oil Southern China PE linear / partial low pressure rising, high pressure Daqing 2426K fixed 10800, Daqing 2426H fixed 10850, linear inflation 50, Jilin / Dushanzi / Lanhua 7042 set 10650, low pressure wire drawing 50, Daqing / Lanhua 5000S 11350, and the rest is stable, Jihua 9455F set 11300. < /p >
< p > futures prices soared, the market mentality of all parts of the market was slightly improved, the trading atmosphere was slightly warming, the market staged warming, the offer rose, and some petrochemical plants were overhauled or cut down. Petrochemical enterprises controlled volume, and the market circulation resources were tightened, and the supply side showed positive performance. However, the market price is high, the buyers in the lower reaches are still cautious, the wait-and-see mentality is obvious, and even in the short-term basic coordination and capital push, even the plastic rebound pattern is expected to continue, but the overall pattern of weakness has not been changed to a relatively high degree. Operation suggestion: L1309 trend blank continues to hold, and short positions can rebound to 10750 yuan / ton line to intervene again. < /p >