PTA Futures Show A Narrow Trend As A Whole.

At present, the PTA load has returned to 71%, and for the polyester load of about 78%, it will return to oversupply. And downstream polyester stocks continue to go up and losses increase. demand Weak, the load will continue to decline. Overall, the cost side is slightly stronger, the PTA losses increase, and the downtrend may also be in the late stage. At present, the supply of PTA is rising and inventory is adequate, and downstream consumption has not continued to weaken. It is expected that the latter price will remain weak.

In the near future, PTA As a whole, the futures market shows a narrow trend of oscillation, and there is support at the bottom of 5000 yuan / ton, and it is difficult to effectively break through the 5130 yuan / ton line. As of yesterday's close, the PTA1509 contract fell 26 yuan / ton or 0.51%, closing at 5070 yuan / ton. Analysts believe that if the market focus is back to the fundamentals of oversupply, PTA prices will continue to be explored.

PTA device On the other hand, the 1 million 200 thousand tonnes PTA unit of Ningbo's Taiwan chemical plant started to replace the equipment parking in the evening of June 5th. It restarted and restarted in June 12th. The load is normal; the Yisheng Hainan 2 million ton PTA plant has dropped to 8 per cent in June 2nd, and began to stop maintenance in June 7th. The test started in June 12th, and the load was normal. Fujian's 600 thousand ton PTA plant plans to park in June 20th, because the production efficiency is poor. The specific restart time will depend on the circumstances.

Huatai futures analyst Cheng Lin pointed out that due to the successful restart of Ningbo platform and Yisheng Hainan plant, the PTA load rose to 71%, even though the 600 thousand tons of Fujian's device parking, the load was also around 7, while the polyester load has dropped to 78% below, and the PTA load is about 65%. The current load and loss level of polyester enterprises will continue to decline. On the other hand, due to the high PTA load, PX profits began to pick up, and PTA loss increased, focusing on the summer PTA overhaul plan.

Looking ahead, Cheng Lin said that crude oil was slightly shocked, naphtha was weakening, Asian PX rose slightly due to China's PTA load increased, and domestic PX load was low, supporting PTA costs.

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The actual price of cotton is darkened by 100 yuan, and sales are slow. The imported cotton has bulk supply in port and free trade zone, and the efficiency of textile enterprises is sluggish, and the flow of funds is slow. The whole spinning yarn is still selling at a low price. The conventional yarn 32S and 40s are shipped relatively slightly. There are still some markets in the low price yarn, there is still demand in some markets, combed yarn trade is not good, the demand for long staple cotton yarn orders, pure polyester yarn is greatly reduced, the price of Sinicization yarn has fallen, bulk demand is low, some polyester cotton yarns are loose, the price of cotton yarn is loose, the price of cotton yarn is dark, and the volume demand is not as good as before.