PX Continues To Fall, PTA Futures Lighten Up

　　 PTA Futures: PTA today shrunk the stock and concussion, the main shift to the warehouse in January is obvious, the 9-1 price difference narrowed slightly. The first 20 empty single positions increased by 63 million 480 thousand hand, more or less 3425 hands, the main force dominant. Among them, Everbright, Zhejiang merchants and Haitong have been reduced by many, and Yongan, COFCO, Lu Zheng and Nanhua have increased. Yongan, Baocheng and China have increased international air traffic. PTA buy a set of 0 storehouses, keep the warehouse flat, sell 0.

PTA Interim Cash Transfer The number is 0 hands (bilateral), delivery pairing 0 hands. In July 25th, the amount of PTA warehouse receipts was 2370, with a discount of 11 thousand and 900 tons, which was higher than that of the previous day. The forecast volume was 0, higher than that of the previous day, and the warehouse receipt and effective forecast discount were 11 thousand and 900 tons.

　　 PX Market: short and fierce game, according to market participants, because of several new PX installations in Asia and the restart of pre maintenance devices, the PX market has failed more than ever, and the market has PX surplus.

Considering the recent sharp fall in PX, the short term momentum of the futures market is empty. However, considering that futures have kept the spot water in recent months and maintained a discount in the long term, PTA is still stable in recent months. Under this structure, the trend of the far month contract is relatively weak, and the 1-9 price difference will continue to expand. For reference only.

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Domestic long staple cotton resources are showing signs of tight supply. The storage volume of Xinjiang long staple cotton and imported Pima cotton is roughly estimated at 8000-10000 tons in the mainland warehouse, while the bonded American Pima and a little Egyptian Ji Zha cotton are mainly concentrated in the hands of three or four large international cotton merchants, so as to create a situation of PIMA cotton shortage in the tax protection zone. Foreign businessmen and operators take advantage of delayed shipment, transportation and delivery to reduce port inventory pressure.

Some businesses believe that short-term factors affecting the sales of long staple cotton include:

In the first and 8-10 months, orders are mainly made of medium thick fabrics and fabrics. The demand for low branch combs, low branch and high spun yarn is better than that of high count combed high count yarns.

Second, the passive appreciation of RMB and the cost of importing long staple cotton have been reduced. In comparison, the price advantage of long staple cotton at home and abroad has been gradually reflected and expanded.

Third, the NDRC held a meeting recently to clarify that the quota will be further controlled. In addition, the customs began to crack down on the false processing trade. China's import volume is expected to decline again. The lack of import quotas will become an important obstacle to enter the Chinese market, such as the US cotton Pima and Egypt's Ji Zha cotton.

Fourth, 2014, China, Egypt, India and other long staple cotton main producing countries (except the United States) growing area of long staple cotton was relatively large, and in addition to the stable situation of India enterprises' demand for long staple cotton, the production and sales of combed yarn in China, Pakistan, Vietnam and other cotton mills continued to shrink over 60S.