Details Of Competitive Price Of Xinjiang Cotton In April 16Th

April 16th Xinjiang cotton competition launched 7179 tons of resources, the latter price is worth noting.

The national cotton exchange market is scheduled for sale in April 16th. Xinjiang cotton sells 7178.728 tons of resources, including 1657.555 tons of resources in the Xinjiang reservoir area (795.995 tons of hand picked cotton and 12900 yuan per ton). Machine picked cotton 861.56 tons, the lowest price quoted is 12100 yuan / ton, which contains Corps cotton A minimum price of 216.426 tons, 13200 yuan / ton, and 5521.173 tons of resources in the inland reservoir area, which accounts for 2238.164 tons of group purchase (1763.71 tons of hand picked cotton, the lowest). offer 12800 yuan / ton; group buying machine 474.454 cotton, minimum price 13200 yuan / ton.

When participating in the "group buying" cotton transaction volume reached 500 tons and above, each batch of "group buying" cotton on the basis of the transaction price automatically lowered 100 yuan / ton as the final transaction price. Non group buying resources accounted for 3283.009 tons, (hand picking cotton 2074.274 tons, minimum offer 13200 yuan / ton, 1208.735 tons of machine picked cotton, lowest offer 12900 yuan / ton).

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Short term device failure caused by rising market is not strong, with the resumption of profits and device restart, PTA will still fall into overcapacity, oversupply of quagmire.

PTA spot price also continued to rise. As of Tuesday, the offer was expected to be delivered within 4850 yuan / ton, and the delivery intention was 4800 yuan / ton to the nearby area. At present, the discussion is about 4800 yuan / ton or more. The price of the US gold disk is steady. The daily offer is $705-710, and the shipping price is $680-690. The delivery is close to US $640-650, and the negotiation is maintained at about $650, and the transaction is limited.

Inventory, as of the end of March, PTA social inventory still has 200-250 tons between, after Xiang Lu Petrochemical parking, PTA accelerated inventory, but at present, social inventory is still at a high level.

At present, the domestic PTA plant's operating rate has dropped to about 58%. Due to the unclear timing of the restart of the Far East Petrochemical Company and the Xiang Lu petrochemical PTA plant, the domestic demand for PX will be reduced, and this bad profit will gradually emerge in the short and medium term after the end of the speculation.

The PTA device of Xiang Lu petrochemical company failed to restart as the market rumors last weekend. It is speculated that the short-term Xiang Lu petrochemical PTA plant will not drive for the time being. Xiang Lu Petrochemical has to purchase PTA from the spot market to maintain the contract users. "This has stimulated the PTA market. And crude oil shocks are strong, Asian PX prices rise, costs support PTA. High cost, quick inventory and other short term advantages will prevail, and futures multi funds will actively pull up the price. JOYOU's information market analyst, an Guang, thinks.

Yali, an analyst with Zhongyuan futures, said that the starting point of the rise was due to the last day of Qingming holidays. The explosion of Tenglong aromatics triggered the enthusiasm of the market. The restart of the 4 million 500 thousand ton PTA unit which was restarted last weekend failed to ignite the second enthusiasm of the market. In addition, in March, the Far East petrochemical company declared bankruptcy. The PTA capacity of the Far East petrochemical company was 3 million 200 thousand tons, plus the 4 million 500 thousand ton capacity of Xiang Lu Petrochemical Company, which totaled 7 million 700 thousand tons, accounting for 17.8% of the total capacity of 4335 at the end of 2014. Two events in 3 and April were related to the short-term loss of nearly 20% PTA capacity, which also caused the oversupply of PTA and the serious loss situation, which brought relief to the PTA industry.

The downstream polyester industry has been gradually recovering from the second half of 2014, and the profit is good. It has the ability to bear the cost pressure caused by the rise of PTA. The rise of PTA is based on the short term shrinkage of production capacity, and the demand for profit is restored. Now PTA loses 200-300 yuan per ton. "After breaking through the pressure level of 5100 yuan / ton, PTA is also facing the pressure of 5232 yuan / ton in the early stage. If we break through this pressure level again, it will be possible to march to 5500 yuan / ton." Cai Li said.

According to an Guang, the downstream polyester factories are not enthusiastic about purchasing PTA, because the polyester filament has experienced a high yield after the beginning of last week. Downstream factories are losing their enthusiasm for replenishment, and many downstream factories have certain stock materials, while polyester staple fiber prices are small, and production and sales in the market haven't improved in real terms. Therefore, the overall production and marketing of polyester factories has not been improved continuously, and the demand level has inhibited the PTA increase.