Qian Qing: Pure Polyester Wait-And-See Tired People Cotton Yarn Transaction Dull

Today, Shaoxing cotton yarn and air crash are scattered. Sale Continue to be light, the price is weak, the shipment is mainly, the pressure of the cotton mill rises, the 32S is high with the mainstream price 21700 yuan / ton. Pure polyester yarn is dominated by wait-and-see fatigue finishing under raw materials. Cotton mill Shipment led, 32S mainstream price of 12135 yuan / ton.

Judging from the current market, Cotton yarn The deal was dull, and the quotation was basically stable and dominated by consolidation.

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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 rise, loss increases, weak demand, 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 recent years, PTA futures have shown a narrow trend as a whole, with a support of 5000 yuan / ton, and it is difficult to 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.

On the PTA device, the 1 million 200 thousand ton PTA plant was started to replace the equipment in the evening of June 5th. It started heating again in June 12th. The load was normal at present. The load of Yisheng 2 million ton PTA plant dropped to 8 in June 2nd, and began to stop and repair in June 7th. The test started in June 12th. At present, the load is normal. The 600 thousand ton PTA device of the Jialong dragon plant is planning to park in June 20th because of poor production efficiency. The specific restart time will depend on the circumstances.

Huatai futures analyst Cheng Lin pointed out that due to the successful restart of the platform and Yisheng devices, the PTA load rose to 71%, even though the 600 thousand tons of devices were stopped, the load was near 7, while the polyester load had dropped to 78% below, and the PTA load was 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.