PTA Market Still Has Bad Expectations Despite Cost Collapse.

Gasoline and distillate stocks increased, demand declined, erosion of US crude oil inventories fell well, and international oil prices maintained a downward trend, dragging down the PTA market mentality.

And Rongsheng Petrochemical came to clarify that its subsidiary Sinopec Sinopec explosion did not affect the PX device, it will affect the PTA or restore normal. The cost side still needs to pay close attention to the trend of crude oil.

On the supply side, the PTA device is stable and downstream.

No substantial improvement has been made. The supply and demand pattern is expected to be loose. Short term PTA prices will still be dragged down, but attention must be paid to the effect of the overhaul of the Dachang plant on the market at the end of the month and the beginning of next month.

At the same time, the Fed's interest rate imminent will have a collective pressure on commodities next week.

Expected materials in the near future

Crude oil will still be subject to the trend of the bottom, and there may be technological retracement within days.

It is suggested that the Fed's interest rate resolution be raised next week, with a 05 contract pressure of 4400 and a support of 4300.

Message side:

On 1.12 June 10, Rongsheng Petrochemical issued a clarification on its "explosion" incident on the day before its Sinopec Sinopec. It said that the accident occurred in the distribution house of Sinopec, which was initially investigated. The reason for the accident is that the air conditioning heat exchange system of the power distribution room of the two combined installation of the company was caused by gas tail gas running into the refrigerant water pipe, and the pressure of the water pipe was abnormal, causing the water pipe to leak.

After preliminary judgment by on-site chemical experts, the collapse accident has no effect on the enterprise installations, and downstream of the central bank.

Appropriate load shedding should be maintained at 8-9.

On 2.12 9, the Hengli petrochemical refining and chemical integration project, which planned to invest 74 billion, started construction in Dalian Changxing Island economic zone. Hengli Petrochemical became the first private enterprise to enter the field of petroleum refining and chemical industry in China.

The opening of the project marks the construction of a world-class petrochemical industrial base in Dalian's Changxing Island economic zone.

Related links:

In 2014, the state took the lead in carrying out the pilot project of cotton target price reform in Xinjiang, and explored a new mechanism for separating cotton prices from subsidies. Through the implementation of this new subsidy mode, the cotton production mode of Xinjiang was forced to reform, so that cotton could continuously concentrate on suitable cotton areas, improve the scale of cotton planting and enhance the efficiency of cotton planting.

Since the implementation of the reform in the past year, there has been a big adjustment in the planting structure of our region, and cotton production has entered a new market environment.

What has been achieved in this year's reform? How will the cotton production be further deepened in the future? In December 7th, the reporter interviewed Li Deming, director of the crop management department of the Agriculture Department of the autonomous region.

Planting structure has been optimized and cotton target price reform pilot work has been carried out for a year. The biggest change of cotton production in our district has been the decline of planting area. Some areas that are not suitable for planting cotton are gradually withdrawing from cotton planting.

Li Deming said that at the beginning of this year, the autonomous region jointly issued the "Circular on conscientiously adjusting and reducing cotton planting area", and issued a guiding plan to reduce the planting area of 4 million 665 thousand mu of cotton.

From the completion of the situation, the whole area actually reduced cotton planting area by 5 million 109 thousand mu, and completed 109.5% of the reduction plan area.

Li Deming introduced that in the coming period, the leading position of cotton in the planting industry of our region is hard to be replaced.

Combined with the national cotton target price reform pilot work, cotton planting in our region will further concentrate on High-yield fields.

The cotton production in the whole region will adhere to the principle of "reducing the area, optimizing the layout, focusing on single unit production, increasing total production, reducing costs, saving cost and increasing efficiency". The risk cotton area and sub suitable cotton area should be resolutely withdrawn, and suitable areas with good soil and water conditions in the cotton region should be reasonably planted instead of crops according to market demand, farmers' planting habits and comparative benefits.

At the same time, combined with the construction plan of 10 million mu cotton high yield field in the autonomous region, we will focus on the implementation of 9 major projects, namely, scientific and technological innovation projects and high-yield construction projects in 24 cotton producing counties.

While the cotton area has been reduced, the internal structure of the cropping industry is also adjusting at the same time.

Li Deming introduced that in the reduction of priorities, the whole region focused on increasing the area of wheat and stabilizing the income of farmers.

According to statistics, in the area of 5 million 109 thousand mu of cotton in the region, 1 million 5 thousand mu and 1 million 181 thousand mu of wheat were replanted, and 2 million 769 thousand acres of special economic crops such as processing tomato, processing pepper, alfalfa, melon and fruit were cultivated, and 154 thousand Mu were fallowed.