China Cotton Association Releases "Cotton Quality Difference Price List"

Some cotton enterprises said that the price of wheel storage was carried out according to the "cotton quality difference table" issued by China Cotton Association. However, it will wait and see how to achieve the "real price" purchase for cotton enterprises in actual acquisitions and the reference value of reserve cotton auction bid price.

During the takeover period, the comprehensive cost of lint production is more than that of the round bid price, because the serious processing capability and resources are not matched.

Shandong,

Cotton spinning enterprises in Jiangsu and other places believe that the difficulty of storing 1 million tons of cotton in the new cotton market is quite prominent because the reserve price of cotton spinning wheels is higher than that of cotton enterprises.

some

And the agency believes that the "1 million tons" from the "turn out"

According to the composition, the reserve cotton in 2011 is only 330 thousand tons. In the 2012 year, the imported cotton is only 200 thousand tons. As a result of the re implementation of the public inspection, the bid price of the two auction is significantly lower than that of the current warehouse and port bonded area. 2012, the 14200 yuan / ton of the national cotton reserves is higher than that of the Xinjiang cotton spot, 2128, indicating that the country has a rush to "inventory" but does not want to suppress the ambivalence of cotton spot.

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After more than a month of oscillation, the crude oil futures broke down in recent days, and the NYMEX crude oil contract in August fell below 55 US dollars / barrel.

Therefore, the cost of chemical products will shift downward and the price will follow the weakening of crude oil.

In addition, the difference between PX and naphtha oil price is near $350 / ton, and PX processing is profitable.

However, there is news that Sinopec 1 million 600 thousand tons of PX device at the end of June successfully commissioning, at the end of July, there is a possibility of products.

In addition, China's PTA device has cut down production, and the demand for PX has been weakened, so the PX profit has continued to be compressed.

Summarizing the raw material market situation, it is believed that the PTA cost is expected to decline, and the price will continue to be under pressure.

At present, the demand for polyester industry chain is off season, and the load of Jiangsu and Zhejiang looms is down, and from the historical trend, it is expected to pick up gradually after August.

At present, the production and marketing of polyester industry is weak, polyester polyester cash flow is full line loss, and the enterprise has a strong desire to reduce production.

As of last Friday, the polyester industry's operating rate was 75.58%, which has dropped by nearly 10 percentage points from 85% at the end of April, and has continued to decline.

As a result, the demand for raw material price increases in the polyester industry is limited before the demand for the final products improves, which restricts the rebound of PTA.