PX Prices Rose Slightly PTA Market Stalemate Weak

yesterday

Futures shocks declined, weak spot market demand, the focus continued to stalemate.

At present, the spot offer is delivered at 4450 yuan / ton, buying and waiting, and the negotiation is expected to arrive at 4400-4420 yuan / ton.

In 4450 yuan / ton self lift.

PTA dollars

The demand is not good, and at the end of the month, the negotiations continue to be dull.

At present, the shipping quote is close to $580 / ton, and the purchase is on the sidelines, and the negotiation is estimated to be near us $570-575 / ton.

At present, despite the lack of favorable factors in the fundamentals, but because of the absolute low price, from crude oil to PTA, every drop in the whole industry will attract many purchases. Since December, PTA futures have seen a wide range of shocks. The trend suggests that the band and the intraday exchange rate are the main ones. Today, the pressure level is 4650 and the support level is 4600.

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At present, most of the mainland package factories, flower pickups and cotton traders are starting to return home. The cotton market in Akesu has become deserted, which has also brought inconvenience to the sale of long staple cotton.

On the 28 day, Awati County 137 grade a long staple cotton within the territory to pick up goods 26500-26700 yuan / ton (public, no votes), 237 level 26200-26300 yuan / ton, 337 level 25200 yuan / ton, the price rose slightly 100-200 yuan / ton last week.

A ginning factory official said, at present, the long staple cotton stock is a little bit of the cotton mill stock, the warehouse in the mainland is stored a little, the cotton trader has a little bit of control and the textile industrial stock is a little bit.

"The most stressful is the ginning factory."

The person in charge said that China's long staple cotton production was about 55 thousand tons in 2014/15, but sales have only been completed about 25% so far. About 75% of the long staple cotton is still "pressed" in the hands of the cotton ginning mill.

According to the enterprises in mainland Shandong, Hebei and Jiangsu, on the 28 th, the 137 grade of long staple cotton warehouse in the mainland was 27300-27500 yuan / ton, 237 class 26700-26900 yuan / ton, and the price was also raised about 100 yuan / ton last week.

Why does the long staple cotton still go up against the market in the case of such a large inventory pressure in the ginning factory? A market person in Cangzhou, Hebei said, first, the import of long staple cotton has been "hard to find" recently, especially the quality deviation of Pima cotton and gzam cotton in the hands of individual cotton traders, and the price is "fixed" at 28500-29000 yuan / ton, which makes it difficult for cotton enterprises to accept it.

Second, in this year, the output of domestic long staple cotton is lower than expected by more than 15%, so the market's confidence in long staple cotton is enhanced.

According to the market participants, their company currently has more than 1700 tons of long staple cotton lying in the warehouse, but they do not plan to sell it before the Spring Festival.

"2 and March may be the best time this year."

He said that before the Spring Festival this year, most of the textile enterprises only prepare a small amount of stock, which means that the centralized stock will be postponed to the next year, when cotton prices will increase.

Not only do cotton merchants plan to sell the goods after the Spring Festival, but even some of the Xinjiang ginning plants have postponed their sales.

On the 28 day, the head of a ginning factory in Akesu said that they had processed 5500 tons of long staple cotton this year, and had sold more than 800 tons. Most of the remaining 4700 tons were 137 or 237.

"Unless you have a particularly attractive price, you will not consider sales."

The responsible person said that this year's high quality cotton and long staple cotton market stock is very few, many enterprises think that "the goods are available".

However, some spinning enterprises believe that the risk of "blind" stockpiling of cotton ginning mills and cotton traders is greater.

Their analysis: first, this year, the sale of American cotton is very fast, and it has completed more than 90% of sales at present, but at present, only about 30% of the shipment.

The main reason is that China's orders cannot be shipped due to quota reasons.

However, as the quota of 894 thousand tons is issued, it will be a fast growth period for us cotton to arrive in March and 2.

Second, since the beginning of this year, the main yarn of domestic staple cotton is still "per order production", and the market demand has not been significantly improved.

In particular, the price remained stable. The price of 100% long staple cotton combing 80 in Shandong Binzhou area was 57500 yuan / ton, and the manufacturer maintained a production line.

The manufacturer said that the current production situation is difficult to boost upstream raw materials.