Yesterday, Xinjiang Cotton Competition Launched 6675 Tons Of Resources.

Xinjiang cotton will be listed for sale in June 29th, with 6675.08 tons of resources, including 3220.063 tons of resources in Xinjiang reservoir area (3177.13 tons of hand picked cotton and 13050 yuan per ton).

42.933 tons, minimum price 12300 yuan / ton.

The inland reservoir area has 3455.017 tonnes of resources, with a minimum price of 12800 yuan / ton.

On the same day, more than 28 resources (fracture strength 28+, average length 28+) 2276.826 tons.

The library accounts for 982.369 tons, and the inland market accounts for 1294.457 tons. The minimum price quoted is 13200 yuan / ton, all of which are hand picked cotton.

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Statistics in June 26th showed that the price of 1.4D direct spun polyester staple decreased by 95 yuan to 7475 yuan / ton, a decrease of 1.25%, still running at 8000 yuan / tonne, which is 5816 yuan / ton lower than that of the domestic 3128B grade cotton spot price index. The price difference increased 51 yuan / ton compared with last week. The cash flow loss of polyester staple fiber was near 300 yuan / ton; the start-up load was 66.4% (-0.01%), and the mainstream manufacturers' inventory was around 16-21 days (+1), and some of them were slightly lower.

On the raw material market, New York crude oil futures continued to consolidate; Asian PX, PTA and MEG spot prices rebounded slightly, and PET chip prices continued to decline slightly.

New York crude oil futures continued to consolidate.

On the 23 day, the market expected the decline in US crude oil supply and the prospect of deteriorating relations between the US and Russia, pushing oil prices to nearly two weeks high, with the main contract closed at $61.01 per barrel in August.

However, the 24 day report showed that crude oil output continued to increase last week, while the gasoline stocks in the same period showed an unexpected trend of growth, while oil prices were under pressure and the main contract was down at $60.27 a barrel.

On the 25-26 day, investors watched the development of the Greek debt crisis. Meanwhile, the negotiations on the Iran nuclear development project were approaching the deadline. Once the trade sanctions were lifted through the agreement, more crude oil would enter the global market. The worry of over demand led to oil prices falling below $60 a barrel, and the main contract in August fell to $59.63 a barrel.

Oil prices rose 2 cents in the week based on the main contract offer.

Asian PX continued to consolidate, and the price rose by 4 US dollars (0.42%) to 947 US dollars / ton.

Crude oil is running slightly, naphtha is weak, domestic PX load is low, and it has some support for PTA cost.

PTA spot price rose 35 yuan (0.72%) to 4920 yuan / ton.

Due to the successful restart of Ningbo Taiwan and Yisheng Hainan plant, even though the 600 thousand ton plant in Fujian has stopped, the PTA load is close to 7, while the polyester load has dropped to 78% below, corresponding to the PTA load should be about 65%.

The current stock and loss levels of polyester enterprises may still be negative in the latter stage.

On the other hand, due to the high PTA load, PX profits began to pick up and PTA loss increased.

On the whole, PTA supply is rising and inventory is adequate, and downstream consumption continues to be weak. It is expected that the latter price will remain weak.