Cost Support To Promote PTA Rebound

At present, the downstream has not yet fully started, most of the polymerization device is still in a state of production reduction. On the eve of the Spring Festival, the downstream buyers are stocking properly, the stock level of the polyester factory slicing is low, the manufacturers offer stronger, and there is a certain demand for replenishment, but after the Spring Festival, the production and sales will be down as the downstream stocking is coming to an end.

At present, the load rate of polyester chain at downstream is maintained at low level, the load rate of polyester chip manufacturer is 40%, the load rate of polyester filament factory is 68%, the load rate of PET staple factory is 49%, and the load rate of terminal weaving factory is only 35%.

It is expected that the seasonal demand for terminal demand will not rebound significantly, which will restrict the growth of demand for polyester links.

In the long run, OPEC has no clear cut in production, crude oil supply and

Are at historically high levels.

The rise in costs is only temporary.

PTA new capacity release pressure is greater.

It is also difficult to reach, and downstream demand is in a long-term downturn.

As the price of PTA futures contracts rose, as of March 6th, the number of hedging warehouse receipts has increased to 45597. The oversupply has led to a sharp rise in inventory pressure. 1505.

It is estimated that the 1505 contract will easily fall and rise, and the long term operation will be kept short. In the range of 5000 yuan / ton to 5100 yuan / ton, we will gradually establish an empty list and stop the loss near 5300 yuan / ton. The target will be around 4400 yuan / ton.

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　　据调查,春节后山东、河南、江苏、河北等新疆手采棉报价普涨100-200元/吨,但由于很大一部分中小棉纺织企业正月十五以后才陆续招工生产;春节前夕 89.4万吨1%关税内棉花进口配额下发以及3月中旬前纺企、贸易商大多资金紧张,因此买卖双方仍处于试探阶段,成交比较稀少,兵团皮棉及南疆库尔勒、阿 克苏等地手采棉因报价较高,询价未现较大幅度回暖,倒是北疆奎屯、塔城以及昌吉等地手采、机采棉相对活跃,一方面是北疆铁路和汽运出疆比较方便,同样 3128北疆报价低于南疆200-300元/吨,而地方机采棉报价低于兵团600-800元/吨,虽然杂质、“三丝”含量高于兵团;加工质量也略低,但总 体性价比较高;另一方面北疆皮棉马克隆值以A、B为主,一致性较好,而南疆中期花皮棉马值C2的比例较大。

In the late February, more than 95% of the fine cotton processing enterprises in southern Xinjiang stopped collecting and receiving a sharp contrast. After the Spring Festival, the 30%-40% long staple cotton processing enterprises such as Sha Ya and so on, still started to scale and harvest the cotton seed cotton with long staple cotton. The purchase price was stable at 8.0-8.4 yuan / kg (lint 32-33), and the price of the high content seed cotton reached 8.80-9 yuan / kg.

First, because cotton enterprises and cotton textile enterprises all believe that domestic long staple cotton is in short supply, rising market is a big probability event. To seize the long staple cotton resources is the top priority. Therefore, after the Spring Festival, AVA mentioned that the rush buying and buying of seed cotton in the surrounding long staple cotton planting area is like fire raging; two, some 2014 /15 credit companies with relatively large credit lines have a "total stumble" due to the acquisition of "thin cotton wool", and the total number is relatively small. In order not to affect the 2015/16 loan amount and expand the purchase amount of lint, the long staple cotton mill will continue to buy seed cotton.

It is understood that after the Spring Festival, domestic and foreign domestic long staple cotton quotations rose 200-300 yuan / ton, Akesu real estate 137 offer 27000 yuan / ton.