PX Maintenance Device Has Open Expectations.

OPEC will meet in June 5th, and the market is expected to maintain its current output of 30 million barrels per day.

According to the agreement reached by the western countries and Iran nuclear talks in early May, the sanctions against Iran were lifted in June, and the lifting of sanctions in Iran may bring about an oversupply of crude oil in the international market.

In addition, the US dollar is still strong, and the price of crude oil in June has a downward adjustment pressure.

May 29th Japan

The island's oil refinery unit was on fire. In May 30th, a magnitude 8 earthquake occurred in Japan's waters. The market was worried that more PX installations in Japan would be affected.

It is reported that the capacity of the two JX parking devices is 630 thousand tons.

In addition, Yisheng Hainan plant PTA

Due to mechanical failure, the operating rate dropped to 80%.

From June 11th to the end of June, the plant planned to stop and overhaul, involving 2 million tons of capacity.

However, in June, the 1 million 400 thousand ton PX plant in northern China will be restarted, and the 2 million ton PX plant in East China will drive. The 2 million 80 thousand tonnes of the two South Korean companies will also open.

In June, the global market is expected to increase 5 million 400 thousand tonnes of PX capacity.

At present,

The price difference between naphtha and naphtha is about $350 / ton, and the profit is acceptable. Therefore, unless accidents occur, these devices are more likely to be opened according to plan.

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According to statistics, as of June 1st, Zheng cotton futures warehouse receipt 1619, effective forecast of 662, of which the proportion of Xinjiang cotton in warehouse receipts decreased significantly compared with the previous stage, Shandong Heze, Zhejiang Shaoxing, Anhui Wuhu and other land delivery banks are basically real estate cotton.

On the spot, the sales of hand picked cotton in the territory have been accelerating recently. Operators and cotton textile enterprises have been worried about the shortage of domestic high-grade cotton in 6-9 months. The cotton mills in the country think that the spot price of machine picked cotton will also break away from Zhengzhou cotton futures. Besides, the mainland cotton enterprises have low willingness to accept warehouse receipts from the Zheng cotton futures and electric sub matching, and do not approve much of the quality. At present, the CF1507 disk price is about 12800-13000 yuan / ton. If the cost of delivery, outgoing stock and short dumping is added, the 3128 level to the factory price will reach 13200-13300 yuan / ton. In the early part of June, the price of the machine picked cotton in Shandong, Hebei and Henan was only 13000-13200 yuan / ton.

Recently, the sales of lint cotton in southern Xinjiang showed a "two fast and a slow" situation. The proportion of cotton sales progress and bank loan recovery was accelerated, and the rate of loan payment to cotton enterprises slowed down.

Locking up high quality hand picked cotton resources and stabilizing the quality of cotton yarn, but all of them are short of funds. Therefore, two ways should be adopted: first, pay 10-20% deposit to cotton enterprises, book dozens of batches or dozens of batches of cotton, and then pick up the cotton yarn and the cloth cloth after the withdrawal of the money, and each time the 100% payment will be paid until the end of the contract. If the contract can not be fully implemented in the contract period, the cotton mill will pay interest at the commercial interest rate during the extension period. Two, the price of the cotton mill is higher than that of the market 200-300 yuan / ton, but the 1-2 month account is set. Although the cotton price can be locked, the cotton enterprises will generally be more difficult to accept because the loan banks will repay the loan ratio as a "rigid" index. Some large and medium-sized cotton textile factories in the mainland are

Of course, cash cash is still the dominant mode of paction, and cotton companies even hesitate to make profits 50-100 yuan / ton to step up the withdrawal of funds.

Xinjiang: lint sales show "two fast and slow" situation