Domestic PTA Operating Rate Dropped To Around 56%.

As the US crude oil index rose sharply during the National Day holiday, approaching the US $50 line, domestic industrial products opened sharply higher yesterday. The TA1601 contract opened at 4700 yuan / ton on Thursday, and the short-term average line group on the station broke through the 60 day line which lasted for a long time, but the turnover was mild.

There has not been a greater recovery, the price of 4778 yuan / ton after the final return to the final acceptance of the standard cross, the performance of the period is still tending to be mild and cautious.

During the long holidays, international crude oil increased by more than 6%, Asia.

Prices have risen sharply.

Domestic PTA operating rate dropped to about 56%, Hengli Petrochemical 2 million 200 thousand tons of device parking, PTA spot prices rose, traders intent to ship positive.

Technically,

1601 the contract reduced the warehouse rush, the period price test 4800 first line pressure, the short line presents the concussion trend, the operation, temporarily trades by the 4600-4750 interval.

Related links:

According to the author's understanding, the output of new cotton in different cotton producing areas in Xinjiang is uneven. Although it is affected by the high temperature in July, the output of new cotton in Xinjiang is roughly 10% lower than that of last year, and the total output of new cotton is 4 million tons.

In addition, the industry believes that the mainland cotton because of planting area decreased significantly compared with last year, the total output fell more.

According to the market related data fine-tuning, the total output of cotton in the new year is expected to be 1 million 200 thousand tons, and the quantity of imported cotton will continue to decline to 1 million 200 thousand tons.

According to the cotton association data adjustment estimate, the initial inventory of cotton is 800 thousand tons, and if the level of the previous year is taken into account, the cotton consumption in the new year will be about 7 million 400 thousand tons.

Therefore, from the perspective of supply and demand, cotton may have a supply gap of about 200 thousand tons, but the overall supply gap is not large.

The textile industry is known as the "golden nine silver ten" traditional season of orders, but with the recent downturn in the downstream market, the peak season of orders has not yet arrived this year.

In the background of sluggish demand, most spinning enterprises continue to maintain the strategy of buying and using materials on the raw materials, which is very difficult to form effective support for cotton prices.

In addition, for the prediction of cotton consumption, with the changes in the purchasing situation of textile enterprises, orders were improved from 3 to April this year, and textile enterprises expected to increase consumption in the new year. Orders from 7 to August were relatively poor, and textile enterprises expected to reduce consumption in the new year.

It is understood that the current textile enterprises orders situation is still no obvious improvement, in the context of the slow economic recovery, the traditional textile industry is also experiencing pformation and upgrading of the plight.

Therefore, the increase or decrease of cotton directly determines the contradiction between supply and demand, and directly affects the rise and fall of cotton prices.