Domestic PTA Operating Rate Rises Or Decreases

News: 1 and 17, Asian PX quotations fell 29 US dollars to 787 US dollars / ton FOB Korea and 809 US dollars / ton CFR China Taiwan.

2, Jiangsu and Zhejiang semi light chip market continues downward, some enterprises continue to lower the offer price, the market mainstream offer at 6600-6700 yuan / ton cash, negotiate price in 6450-6500 yuan / ton cash.

3. The operation load of the 1 million 500 thousand ton PTA plant of Jiaxing Petrochemical Company is maintained near 80%-85%. At present, the main source of supply is self use.

Spot price: the East China PTA market offer is 4750 yuan / ton and delivered within 4670-4700 yuan / ton, and delivered to 4700 yuan / ton.

The US gold disk market is stable and stable, and the delivery intention of sporadic cargo is maintained near $620.

Data: 8056 warehouse receipts, 311 fewer than the previous trading day, and 730 effective forecasts.

Point of view: inflation in the United States is the biggest decline in six years. Federal Reserve Yellen said it is unlikely to raise interest rates at the next two meetings, and the international crude oil futures will overshoot and rebound. Asian PX prices will continue to decline sharply.

Domestic PTA

Up to 55%, as part of the repair device will be restarted, supply pressure will be enhanced; PTA spot price center shifted slightly, and the market was slack.

Weak market arrangement, market production and sales in general, downstream wait-and-see atmosphere.

Technically, the PTA1505 contract has fallen, and the price of the contract has been reduced by 4700 lines.

Operation, temporarily traded in 4700-4900 intervals.

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The Wusu area in Northern Xinjiang is in bad weather recently. The temperature is below 10-20 degrees Celsius, and cotton farmers are selling off and off.

On the 18 day, the price of hand picked cotton seed was 5 yuan / kg (lint 38-40%, moisture 11%), unchanged from 17.

The ginning factory bought sporadic acquisitions and bought 3-5 Jin Jin daily.

"There is no factory acquisition at the end of the month, and cotton growers are stepping up their sales."

The head of a ginning factory said that the main task of today's ginning plant is to sell lint.

As of 18 days, the 3128 grade lint factory in Wusu, Shihezi, Changji and other places in Northern Xinjiang quoted a price of 13800-14000 yuan / ton (pick up, gross weight, with tickets), and the 4127 level price was 13500-13600 yuan / ton, all of which was flat with 17 days.

And most of the quotations for machine picked cotton are mostly 12800-13200 yuan / ton, but little change.

According to the rolling mill, since mid December, the inquiry of cotton enterprises in Northern Xinjiang has increased, but there are not many practical pactions.

In order to speed up cash flow, some of the orders are less than 100-200 yuan / ton, and 3128 grade lint is 13600-13800 yuan / ton.

In the southern Xinjiang region, the pickup price of the lint platform is 3128 yuan at 14000-14200 yuan / ton, and the 2129 level is above 14500 yuan / ton.

In addition, Xinjiang cottonseed prices have risen slightly in recent years.

On the same day, the main price of cotton seeds in the southern Xinjiang Akesu area was 1.66-1.67 yuan / kg, and the mainstream price of cotton seed in Shihezi and other places in Northern Xinjiang was 1.61-1.62 yuan / kg, all of which rose 0.02 yuan / kg over the 17 day.

Due to the significant reduction in cotton seed production in Xinjiang, the purchase of oil refineries in the mainland has increased recently. The market is optimistic about the cotton seed market. It is estimated that before the new year's day, there will be a 0.10 yuan / kg increase in Xinjiang cottonseed.