Short Fiber Vibration Lower Focus On Production Profit

Market situation: pf2105 contract period closing 7162, compared with the previous trading day - 4.48%; turnover 284911, position: 112908; basis - 38

News: in January and February, the average operating rate of direct spinning polyester staple fiber industry was 83.73%, down 3.13% compared with the previous month.

Spot price: the quotation of East China staple fiber is 7200 yuan, compared with - 100 yuan on the previous trading day

Main positions: the top 20 positions of Zhengzhou Commodity Exchange show that the pf2105 contract has 62545 orders to buy, + 6826, 78077 to sell, + 8918.

Warehouse Receipt Inventory: Zhengzhou Commodity Exchange short fiber warehouse receipts for 2100, compared with the previous trading day + 0

View summary: production and sales situation, on the 16th, the overall production and sales of the factory was 15.05%, down 17.21% compared with the previous trading day. Restricted by the large amount of procurement in the early stage, the production and sales of staple fiber are weak, and the basis is strong. The futures and cash suppliers will settle the shipment and the spot end supply is abundant. In terms of demand, yarn enterprises hold certain pre-sale orders, the operating rate remains high, and the start-up of terminal weaving has recovered smoothly, with 60% of the current start-up. Staple fiber fell sharply today, raw material end horizontal plate shock, processing difference again compression, follow-up decline space is relatively limited. By the end of the day, the short fiber processing gap was 1605 yuan / ton, close to the low point since listing.

Technically, the upper part pays attention to 7900 pressure, while the lower part tests 7100 support. It is suggested that the light bin should be short.