Xinjiang Cotton Quotes Are Generally Stable.

4, Akesu, Korla, Bachu and other places 2128 of the regulatory database (21 level reached more than 85%), 3128 (31 above 80%) gross price quotas maintained at 13400-13700 yuan / ton, 13200-13400 yuan / ton, Bachu, Jiashi, Mengaiti and other places earlier than 13200 yuan / ton of weak "21" offer has basically disappeared, the high grade and low grade hand picked cotton price difference narrowed, some of the mainland cotton textile factories, operators, foreign businessmen and so on inquiry again, purchase high-grade. lint After the CF1509 contract broke through the resistance level of 13500 yuan / ton, the buyers in the downstream area changed their mind and the confidence of the whole market slowly recovered.

some Territory Cotton enterprises believe that the 2128 tier market price is less than 14500 yuan / ton, national cotton auction sale, additional Import quotas There is little chance of such regulatory policies coming out, so short-term cotton prices are expected to rise very strongly.

On 1-4 May, Xinjiang cotton quotation of the Xinjiang cotton warehouse was stable. Some of the 21 grade lint quotes with double quality "29" (fiber length 29mm and above, fiber strength up to 29GPT and above) were up to 50-100 yuan / ton. Due to the small volume, the pulling effect on the market was not obvious.

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As we all know, PX as PTA raw material, PX price changes to some extent, PTA price changes. In April, apart from the influence factors of Tenglong aromatics deflagration accident, it was also learned that the maintenance plan of the PX device in the 2 quarter was more concentrated. To a certain extent, maintenance was expected to boost the atmosphere of the PX market. By taking the aromatics incident of Tenglong as an opportunity, the price of PX rose, and April PX rose to 17% left and right. And the upside of the cost side is driving PTA prices higher.

The price of naphtha did not increase strongly, so the profit of PX cash flow improved significantly as the price of PX rose. As of April 28th, the price of PX was 966 US dollars / ton (CFR China), and its profit was 88.02 US dollars / ton, which was greatly improved compared with 9 US dollars / ton at the beginning of the month. But the PX profit is far higher than the average profit of 42 US dollars / ton in 2015. Faced with a higher level of production profit and PTA startup expectations, it is still necessary to consider whether PX production enterprises will be able to maintain the planned overhaul.

Returning to PTA itself, although there is a maintenance plan for MITSUBISHI chemical and other PTA devices in May, it is not yet clear whether the Xiang Lu petrochemical plant can be restarted. However, if there is a restart plan for such devices as the Jialong Petrochemical Company, then the PTA operation rate will fluctuate around 68%, compared with the average start up of PTA62.5% in April. From warehouse receipts, as of April 29th, there are still 168 thousand and 800 warehouse receipts (including effective forecasts), about 840 thousand tons of spot goods, if the PTA balance of work started in May to maintain a relative balance, warehouse receipts can not be effectively reduced, then the 1505 delivery or will drag PTA prices again. From the perspective of downstream polyester stock level, due to the rising price in April and the excellent performance of 300%-400% in polyester production and marketing, the inventory level of polyester finished products was relatively low. In addition, in May, there was no definite maintenance plan for polyester enterprises in the near future. In May, the polyester comprehensive operating rate had not been substantially reduced, and there was a good demand for PTA.