Interpretation Of Polyester Staple Market: PTA Futures Trend Better

The PTA market was stable in the afternoon, the offer was 5060-5080 yuan / ton, and the turnover in the afternoon was still large. The warehouse receipts were 5070 yuan / ton, and the lower single spot price deviated from the mainstream. In the afternoon, the market atmosphere in the PTA market was still general, and the intention difference between the buyers and sellers was relatively large. The shipping price was $740, and the low end bond offer was low, and the possible shipment negotiated 730 dollars.

In the afternoon, the center of MEG was stable, and the spot offer was 7420 yuan / ton, and the estimated 7380 yuan / ton was up and down. The futures offer for 7 yuan was about 7300 yuan / ton, and the turnover was 7250 yuan / ton. In the afternoon, the atmosphere outside the MEG was light, and the recent shipping value was 965-970 dollars. The estimated 960-965 US dollars were traded up and down, the bonded paper was $970-975, and the estimated 970 dollar was nearby.

Overnight oil prices and early PTA futures are better.

The quotation is basically stable and wait-and-see is the main source. Jiangsu and Zhejiang 1.4D mainstream spinning polyester short market mainstream reported 7750-7850 yuan / ton, and the afternoon Fareast quotation increased by 50.

Today, Fujian polyester and short manufacturers offer the same price, 1.4D direct spinning.

The main quotation is 7700-7850 yuan / ton short delivery, the downstream purchase only needs a small order, and the morning enquiry is light.

Shandong,

Polyester and short quotation basically stable, 1.4 direct spinning polyester short mainstream newspaper 7750-7850 yuan / ton to deliver, the deal can be negotiated, the downstream wait-and-see atmosphere is thicker, inquiry purchase is very few.

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In June 10th, the price of 137 grade long staple cotton produced by a cotton enterprise in southern Awati, Akesu province was 27800 yuan / ton (public inspection, including tax), and 237 grade 26700 yuan / ton, compared with last week, it dropped 200 yuan / ton, 300 yuan / ton.

This is the first time in this year that long staple cotton has dropped sharply after nearly 7 months' rise.

In fact, the reduction of long staple cotton prices is not a case in this cotton business.

On the same day, a cotton enterprise in Akesu also sharply lowered the factory price quotations for long staple cotton, and the head of the enterprise said that their enterprises processed 4700 tons of long staple cotton in 2014, and now they sell 3350 tons and the remaining 1350 tons.

In terms of sales progress, this is a medium level in local cotton enterprises, but in the first half of June, there was only one paction in ten days, with a quantity of 90 tons.

Enterprises believe that if this continues, long staple cotton is likely to fall into the hands.

In view of this, many cotton enterprises and cotton producers are continuing to cut down the price of long staple cotton to promote sales.

A person from Xinjiang market said that "fear" comes from the planting and growth of new cotton this year.

Up to now, Xinjiang cotton seedling has been mostly 20-30 centimeters, especially early sowing people even reached 40 centimeters, entered the sixth, seventh true leaf stage, bud 2-3 / plant, individual reached 4, 5 / plants, the overall growth is better than last year's average level.

Some long staple cotton growers even optimistic that this year's output is expected to exceed 350 kg / mu, up 12-15% compared with 2014.

Such a good growth, but most of the "hoarding" people panic.

According to the market participants, the output of Xinjiang's long staple cotton in 2015 increased by 30-35% compared with last year, reaching a record production of 100 thousand tons.

China's annual total consumption of long staple cotton is only 7.5-8.0 million tons, so that the output and demand of China's long staple cotton will be completely "subverted".

In the next year, will the long staple cotton turn head down quickly if supply and demand are loose?

In fact, the trend of long staple cotton has been reflected recently.

In June 9th, a mainland cotton trader said that the long staple cotton in warehouses in Ji'nan, Weifang and other places in Shandong these days had not been recorded for many days. At present, nearly 2500 tons of long staple cotton stocks have been sold to anyone.

In the early morning of June 10th, he cut the price by 200 yuan / ton, of which 137 grade Corps produced long staple cotton and offered 28400 yuan / ton, 237 class 27300 yuan / ton, 337 grade 26200 yuan / ton.

He thinks that the whole operation of long staple cotton this year is "lifting a rock to hit one's own foot".

First, in the rising cotton price period, especially in 2, 3 and April this year, "only hoarding does not sell" let him miss the opportunity to sell.

Two, the early price rise has also made him lose many customers.

Now he sells staple cotton, which is "no rain, no relentless".