PTA: Spot Price Fell Slightly.

Basically speaking, PX prices rose 6 to 923 U.S. dollars / ton, PTA spot reported at 4955 (-20) yuan / ton, downstream price weakness fell 20-50 yuan / ton, production and sales to 5-6.

PTA and polyester supply and demand to maintain a balance, from late June to July in Yisheng Hainan and Ningbo platform maintenance device restart pattern, supply and demand remain loose expectations.

In the short term, the US energy information administration released the report that the US crude oil output is expected to decline. The US oil rose more than 3%, and the PX price also showed a slight rebound trend in the short term. Therefore, the short-term PTA futures are expected to be strong and volatile under the promotion of the cost side. The PX squeeze profit of the central line and the expected easing of PTA supply and demand will still shake down.

As part of the device is overhauled, domestic

Short term market supply has tightened as load drops to 65%.

In addition, the OPEC meeting was profitable, causing some profit taking to leave. Overnight crude oil prices rebounded sharply, forming a certain support for PTA.

However, the effect of terminal demand in off-season gradually showed that polyester load fell to 78%, and the product sales rate was relatively low.

Cash flow is also deteriorating.

In the medium term,

When the device is temporarily trimmed, the supply and demand pattern will remain loose in the future.

It is expected that the PTA price will continue to oscillate in the short term under the influence of device parking and wide fluctuation of oil price, with reference interval 5100-5300.

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On the 9 day, an enterprise in Cangzhou, Hebei, reflected that the recent cotton market in Hebei was down again.

On the same day, the factory's large package of 4128 spot ex factory price was 12450 yuan / ton, which has voluntarily reduced 50 yuan / ton.

Since the beginning of this month, the factory has lowered its price for the second time and accumulated a total reduction of 150 yuan / ton.

This is not an example.

On the 7-9 th of June, the lint spot in Hengshui, Baoding, Shijiazhuang and other places fell down.

On the same day, Hengshui local cotton bales 4128 class, 2227 factory prices were 12400-12500 yuan / ton, 12200-12300 yuan / ton, compared with last Friday fell 50-100 yuan / ton.

The main factory price of small cotton is 12000-12400 yuan / ton, down 100 yuan / ton compared with last Friday.

Talking about the reasons for the reduction, most enterprises reflect such a few things: first, the market is quiet, and the people are in a panic.

The head of a Hengshui 400 type enterprise said that their factory has only 47 tons left in stock, but it is the 47 tons, no matter how hard their factories are, they are unable to sell. Their factories are worried that the cotton will not sell at the end of the year.

The author understands that the whole Hebei market is quiet in the near future, but the shipping psychology of every company is increasing.

Second, the pace of "invasion" has accelerated.

According to feedback from some 400 types of cotton ginning mills, the market share of Hebei's outer cotton has increased significantly in recent years.

On the 9 day, the US cotton M 1-1/8 price in Hebei area was quoted at 15100-15300 yuan / ton, and the quality of the individual grade SM cotton was quoted at 15700 yuan / ton, the mainstream quotation was stable and the sales resumed in the near future.

India cotton new flower S-6 1-5/32 yuan quoted 13600-13700 yuan / ton, cotton price center of gravity rose slightly, the recent India cotton clearance quantity sporadic, spot trading is relatively stable.

Port traders feedback that the main cotton stocks in the near future have risen to more than 30 tons, bringing great pressure to domestic cotton.

Third, Xinjiang cotton increased in quantity.

Some textile enterprises and cotton enterprises believe that since mid May, the number of cotton picker and machine picked cotton entering Xinjiang in Hebei has reached 20-25 tons, creating the highest record this year.

It is not only large but also low in price.

9, Cangzhou, Hengshui, Shijiazhuang and other markets Xinjiang cotton grade 3128 and 2128 were 13500-13600 yuan / ton, 13800-14000 yuan / ton, compared with last Friday fell 100 yuan / ton line.

"The market quotation is also somewhat confusing."

9, a market source said that as of now, Hebei's new cotton has been generally extended to 20-30 centimeters. Due to the drought and sunshine, the growth of the plant is better.

Generally speaking, cotton growers generally think that the yield per unit area will increase by 10%-12% compared with that in 2014. The best plot yield is expected to reach 650-700 Jin / mu.

Therefore, some cotton growers have a higher expectation of the price of seed cotton this year. Generally speaking, 4 yuan yuan / Jin is more suitable, but because of the depressed market, many pessimistic people think that this year's scale will be 3 yuan / Jin.

Psychological confusion brings confusion of spot quotes.