Analysis Of China'S Cotton Import And Export Market Quotation

In March, China's cotton imports continued to fall, the average price continued to rise, but the volume and price decreased.

The quota is mainly 1% tariff, exceeding 70%; in the trade mode, the goods are exceeded by the special customs supervision area.

In the first place, the general trade has dropped considerably. The US cotton growth in the country of origin has increased substantially. It has replaced the first place since the 7 month of 2013, and its proportion is close to 60%. The import customs are mainly in Qingdao, Nanjing and Shanghai, and the most import areas are Shandong, Jiangsu and Shanghai.

According to customs statistics, China imported in March.

127 thousand and 900 tons, a year-on-year decrease of 42.4%, a decrease of 19.6%.

A total of 448 thousand and 200 tons were imported in 1-3 months, a decrease of 46.4% compared with the same period last year.

According to customs statistics, China imported 1 million 308 thousand tons of cotton yarn in 2014/15, an increase of 5.06% over the same period last year, and a total of 209 thousand tons of cotton yarn exported, which decreased by 26.68% compared with the same period last year, and accumulated in China in 1-3 months.

590 thousand and 600 tons, an increase of 15.26% over the same period, in March, China's cotton yarn imports 248 thousand and 600 tons, an increase of 100.32%, an increase of 39.6% over the same period last year.

Imports continue to show a marked downward trend, easing domestic cotton market supply pressure, domestic cotton supply and demand situation is expected to be eased, to reduce domestic cotton prices, but the increase in cotton yarn imports also to a certain extent, hedging the impact of a significant reduction in cotton imports.

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The maintenance and new operation of PTA devices in China started in April 5th. The Ningbo Yisheng 650 thousand ton PTA plant was restarted, and the device maintained full load operation.

Affected by the accident of Tenglong PX, the 4 million 500 thousand ton PTA plant of Xiang Lu Petrochemical (Zhangzhou) stopped at the beginning of the 4 month.

Ningbo's 1 million 200 thousand ton PTA plant stopped in April 7th, and the parking time lasted about 25 days.

Yangzi Petrochemical 3#65 million tons PTA unit is affected by ethylene glycol unit. Temporary parking is checked on 21 days. Restart time is to be determined.

On the 22 day, the BP125 10000 ton 3#PTA plant in Zhuhai stopped short.

Yam Shanda's 220 million tons 1# plant is scheduled to resume in late April.

The Ningbo MITSUBISHI 700 thousand tons PTA plant is scheduled to stop and repair in mid May. The maintenance time is about a month.

Hengli petrochemical PTA plant plans to repair its 1-2#PTA device in turn in 5-6. Each month, each unit has a capacity of 2 million 200 thousand tons, and the repair time is about half a month.

According to the operation load calculation of PTA manufacturers in China, the average load of PTA was maintained to about 60% in April, and the running load of the downstream PET chip device gradually increased to about 60%.

At present, the PTA inventory is maintained at about 3-7 days, a slight decrease compared with the previous stage. Overall, the domestic PTA plant start-up rate is maintained at around 60%, the industry is in a loss situation, Xiang Lu 4 million 500 thousand tons PTA PTA device parking, Hengli petrochemical and Ningbo MITSUBISHI plan to overhaul, short-term market supply pressure has eased.

PTA contract goods, Sinopec April PTA settlement price of 5250 yuan / ton, the settlement price rose 450 yuan / ton last month, Hengli petrochemical March PTA settlement price of 4820 yuan / ton.

Hengli petrochemical, Xiang Lu petrochemical PTA settlement price in April to implement 5200 yuan / ton.

Xiang Lu petrochemical May PTA listing price of 5000 yuan / ton, Hengli petrochemical May PTA listing price of 5400 yuan / ton.

The domestic PTA spot market is on the rise.

As of April 28th, the price of PTA East China market was 5200 yuan / ton, up about 800 yuan / ton compared with the end of 3 month, and the spot price of external market was reported to 730 US dollars / ton, up by 112 US dollars / ton compared with the end of March.

Asian PX prices rebounded from 786-810 US dollars / ton at the end of March to US $938-960 / ton in April. In April, PTA's dynamic production profit was 100 to 300 yuan / ton.

Upstream PX prices are rising gradually, while PTA manufacturers maintain losses and cost side support is strengthened.