PTA'S Operating Rate Keeps Dropping.

Overnight international crude oil fell, Asian PX prices fell slightly, Yisheng Ningbo PTA device temporarily stopped, PTA operating rate dropped to 56%, spot prices rose slightly, downstream polyester market steady, production and sales picked up.

The PTA1601 contract was driven up by the collective rally of commodities and ended up at 4436 yuan / ton, up 2.69% from the previous trading day, with 1 million 502 thousand and 500 hands and 762 thousand and 500 positions.

On the news side, Yisheng Ningbo set up a 2 million 200 thousand ton PTA plant temporarily parking due to equipment problems.

To be determined.

Upper reaches

In terms of price, Asian PX prices fell 26 US dollars on the 1.5 day, at 721.5 US dollars / ton FOB Korea and 742.5 US dollars / ton CFR China.

On the spot price, the PTA market was quoted at 4150 yuan and sent up to 4100 yuan for delivery. The negotiation lasted for 4100-4120 yuan, and there was a warehouse receipt of 4111 yuan.

The main business is $570, bonded, $560, and $530-540.

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On August 27th, ICE cotton futures continued to decline on Wednesday. Overnight, Zheng cotton picked up. It rose earlier today in the early morning of the bull market, followed by a regional concussion, which ended in late trading, and the daily line formed a high opening line.

Market situation: ICE cotton futures continued to decline on Wednesday.

Spot trading in the cotton trading market in China reached 21070 tons, an increase of 290 tons compared with the previous trading day.

The order volume increased by 380 tons today, with a total order of 22950 tons.

Today, spot trading is different from contract opening, and intraday concussion is the main factor, and the average price of each contract rises.

According to the survey of cotton processing enterprises in Korla, Akesu, Bachu and other places, although the listing of seed cotton in southern Xinjiang is expected to be 5-7 days earlier than that in 2014/15 (the overall accumulated temperature is relatively high in July), the ginning factory still plans to postpone the opening period until September, and the difference between the cotton price and the cotton grower's purchase price of seed cotton is too large. The difference between the local areas and the cotton growers is even 1.50 yuan / kg. Cotton farmers are not interested in the purchase price of 6 yuan / kg, so even if the cotton seed is not incorporated into seed cotton, it is a common understanding of cotton enterprises.

On the other hand, from the feedback information of loan banks, this year's loan appropriation will not be ahead of schedule due to seed cotton listing. The date of loan, credit, contract signing and payment will be flat or even postponed with that of previous years. The ginning factory is worried about the situation of "cotton and other money". In addition, the cotton enterprises are all "confused" for the trend of the cotton market in the year of 2015/16, so this year there will be a characteristic of "seed cotton listing early, cotton mill opening late and acquisition period lengthening".

The weather in the former Xingtai of Hebei was cloudy, with sporadic rain showers, which eased the drought in cotton fields. Now cotton enters the open season, and some of the plots are fragmentary, which is similar to that of last year.

It is expected to be sporadically picked at the end of August.

Cotton height was 100--120 cm in the past few days, the number of fruit branches was about 10--12 / plant, flowering 2-3 / plant, cotton peach 15--20 / plant, 1-2 individuals / plants.

At present, when cotton enters the boll opening period, it is affected by the rainy weather for some time. Some cotton bolls are mildew, cotton bollworms and other pests occur. Cotton farmers strengthen field management work. The estimated yield of cotton will reach 450 Jin. The cotton farmers have not yet done the picking work. They are expected to pick at the end of August and pick in the early September, and pick them up in mid 9.