Interpretation Of Fabric Market In China Textile City
The number of Chinese textile cities increased by 7 million 830 thousand meters, of which 5 million 590 thousand were long silk cloth, 2 million 240 thousand were short fiber cloth, 390 thousand of cotton cloth and 1 million 100 thousand of cotton cloth.
Zheng cotton main contract 1601 closed 12910 up 135, settled 12765, traded 226260 hands, Holdings 6048 to 218310 hands.
The consolidation of short and short markets is mainly based on wait-and-see.
Manufacturer's quotation
Basically stable, Jiangsu and Zhejiang 1.4D direct spinning polyester and short market mainstream newspaper 7200-7250 factory, the deal can be negotiated.
synthetic hair products
Viscose staple is thriving, and keeps strong in the off-season.
Viscose factory
Under the reduction of supply, the market is still mostly partial.
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The pressure on the supply of crude oil is still high, and US crude oil inventories are rising again, ending the eight consecutive week of decline.
Despite the unexpected increase in US crude oil inventories last week and the fact that the increase in imports is due to greater chance, the oversupply of the global crude oil market is still continuing, and this bad tone will be maintained over the longer term.
On the other hand, the US economic data show a good performance, showing that the overall economic situation is still improving, while the expansion of manufacturing sector and the simultaneous growth of consumption are driving the US dollar index higher.
The hawks in the Fed are getting louder and louder. Recently, a number of Fed officials have expressed their willingness to raise interest rates as soon as possible.
In addition, after the Greek debt crisis lasted for three years, especially after the fact of default in Greece, the market's risk aversion increased dramatically, and investment funds entered the US dollar market, which had adverse effects on commodity prices.
From the perspective of downstream industries of PTA, polyester load has been declining.
Yisheng Dalian PTA plant began to reduce production by 20% in early July due to its production benefit, which affected PTA production capacity of 1 million 200 thousand tons, and PTA load decreased by 2.55%. Han Bang Petrochemical 600 thousand ton PTA plant in June 29th stopped temporarily due to weather reasons, and resumed on that day. Hengli petrochemical PTA plant has planned to stop and repair its products due to poor production efficiency. All the customers have been notified of contract customers, with a reduction of about 10%, and its production capacity is also expected to drop about 20%, and PTA load is reduced by 0.28%.
The production and sale of polyester products in the lower reaches have improved slightly, but stocks have declined, but they are still at a high level.
Overall, PTA production cost is expected to decline, but consumption continues to weaken, and PTA surplus situation continues.
In addition, Ningbo CICC and Xiang Lu petrochemical installations are scheduled to start in July, and the PTA delivery repository will slow down in inventory.
The author believes that the PTA futures 1509 contract will remain weak, and the crude oil price in the upstream market will probably encounter pressure levels near the 60 yuan / barrel this year, and there is no room for further rebound. Its weakness will also continue to suppress the PTA price trend.
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