Supply And Demand Pressures Remain Weak At PTA

Last week, the PTA enterprise operating rate was 67.92%, an increase of 1.28% over the same period last year.

On the dynamic side of the plant, Yangzi Petrochemical No. 3 600 thousand ton PTA plant is being restarted today; the Tianjin Petrochemical 340 thousand ton / year installation and Fujian Jialong device are now close to normal; the 4 million 500 thousand ton / year installation plan of Xiang Lu Petrochemical Company is restarted in early June, but it is not clear yet.

The pressure is pretty big.

On the other hand, the downstream demand has already gone through the peak season, polyester and

The operating rate decreased by 0.3% and 2% respectively.

Under the pressure of supply and demand,

The downlink probability is larger.

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As of 25 days, the price of 137 grade long staple cotton mill in Awati, Akesu, Xinjiang was 28200 yuan / ton (public inspection, including tax), 237 class 27300 yuan / ton, 337 grade 26200 yuan / ton, since the beginning of May, the mainstream price of local long staple cotton has been reduced by 300-500 yuan / ton.

Besides the drop in prices, factory sales progress is slow.

A ginning plant in Awati has processed 3900 tons of long staple cotton this year, and has sold 2700 tons so far, but there has not been a deal in nearly a week.

"I'm afraid the long staple cotton is going to cool down."

The person in charge of the company is more worried about the future market.

During this period, many market participants showed pessimism to the long staple cotton market.

Many people said that in April, it was "hot". In May, it was "cold and windy". I wonder if this situation will last for long. Is there any improvement? Maybe a cotton trader talks about the current situation. He thinks that the price of long staple cotton is likely to fall, for the following reasons.

First, the early ginning factory "only hoarding not sell" encountered a bite.

In the 3-4 month, most of the Xinjiang ginning plants were selling prices, most of which were reluctant to sell, or "hoarding not sold".

Facts have proved that at the end of 3-4, domestic long staple cotton rose nearly 1000 yuan / ton, but sales progress was slow.

Taking a factory in Awati County as an example, the factory completed only 350 tons of trading volume in April, which is about 1/10 of the total inventory.

It is too late for cotton ginning plants to feel that it is unwise to "hoarse" blindly.

Second, the pressure of funds.

The majority of Xinjiang enterprises have to "double knot zero" loans to the end of June.

But at present, most enterprises have not finished 50% sales of long staple cotton.

Many companies have responded, and the bank has already issued a reminder to repay the loan. If the bank fails to repay the loan, the bank will cancel its next year's loan qualification.

But these can not be said that the long staple cotton is "at the end of the day", the so-called "endless", there is no way out.

It must be said that this year's quota policy has helped the domestic long staple cotton, which directly leads to the high quality cotton still can not get in.

According to traders from Qingdao, Zhangjiagang and other places, since May, the United States and cotton have concentrated on Hong Kong, and Ukrainian cotton and Central Asian cotton have arrived in large numbers.

Despite the fact that the bonded area has been "overflowing", the US cotton is still not selling.

The key is that the quota of textile enterprises is limited, and they can only make quotas "long and thin" and use them on the "knife edge".

China's macro-economy continues to heat up.

This year, the central bank has lowered interest rates for the two time. Once it is lowered, the direction of monetary easing policy is very clear, and the decision to rescue the market is also very large.

Under such circumstances, copper, oil, agricultural products and other bulk commodities have also rebounded.

Long staple cotton is concentrated in the hands of some large cotton traders, which is more conducive to a firm price.

A market person said: "therefore, do not fear the clouds to cover your eyes and go out of the world.

Recently, although long staple cotton has dropped somewhat, it does not mean that it has entered a downward path, and the trend of upward oscillation in the latter stage is still the same.

What is the trend of late staple cotton market? It is worth looking forward to.