Weak Demand For PTA, Futures Prices Easy To Fall, Difficult To Rise.

Summer demand The closure of the peak and drilling platforms is good for the crude oil market. Recently, the US crude oil price has been oscillating sideways in the vicinity of US $60 / barrel, supporting its downstream products. The price of PX has been oscillating at more than $900 / ton since mid June, and the cost of converting PTA is over 5200 yuan / ton. Therefore, the price of PTA gradually weakened in the two quarter, but at 5000 yuan / ton, the drop in power was obviously insufficient. At present, the cost of supporting PTA price is obvious.

PTA price rebounded due to the problem of Yi Sheng Hainan installation. PTA 1509 after the contract rushed to 5300 yuan / ton near the rapid fall, the price is insufficient. The main reason is that the traditional demand for polyester industry is off season in June. Polyester polyester yarn Production and marketing slump, the industry started to decline.

But in the long run, crude oil still has downward expectations. OPEC's daily output of 30 million barrels of crude oil remains unchanged, but its actual output is increasing. IEA data show that in May, OPEC oil production increased by 50 thousand barrels per day to 31 million 330 thousand barrels per day, the highest since August 2012, and the global crude oil market has maintained a situation of oversupply in the past five quarters. Therefore, in the long run, crude oil still has downward pressure, which is the PTA long term bad luck.

Related links:

According to market performance in recent days, pure cotton cloth still lacks large volume turnover, and orders are undervalued. In the autumn, the new cotton fabrics with partial thickness increased, and the overall market turnover was still relatively limited. Up to now, there has been a corresponding decline in the sale of pure cotton fabrics in the traditional market. The 60S * 60S, 90 x 88 pure cotton yarn and 40S * 40S, 45S * 45S pure cotton poplin and 30S * 30S, 68 * 68 pure cotton poplin are available in the summer. The conventional padding and dyeing varieties of the cotton fabrics are reduced in volume, the prices are stable and soft, and the volume of turnover is decreasing. The prices of 60S, 60S, 40S, x, and X * unconventional varieties in the summer thin cotton cloth are stable and soft, and the volume of Bali has decreased.

In recent years, the spot market of China's textile city's traditional cotton market has dropped sharply, and the turnover has dropped, and the price has dropped locally. Autumn cotton cloth hanging sample increased, local orders increased, new fabric advantages appear, marketing is smooth. The new volume of pure cotton fabric in autumn has increased earlier than that in the previous period, and the volume of trading volume is still relatively limited. However, the turnover of pure cotton cloth in the whole market is still insufficient due to the decline of cotton fabric in summer.

In summer, thin and thin cotton fabrics were compressed due to the output of grey fabrics, and the number of fabrics on the market dropped sharply. The spot market of the finished products of pure cotton fabrics in the traditional market was reduced, most of the wholesale prices were basically stabilized, and some of the wholesale prices still fell, but the decline in some of the business outlets should be narrowed. In autumn, the conventional and unconventional varieties of medium thickness 30 * 30S, 32S * 32S pure cotton fabrics are mixed with each other. The local sales of pure cotton jacquard fabrics, pure cotton printed fabrics and pure cotton yarn dyed fabrics are still light, and the price is basically stable.

It is also known that the autumn thick 20S * 16S, 128 * 60 cotton pad dyeing gauze cards, 16S * 12S, 108 * 56 cotton pad dyeing gauze cards, 20S x 20S, 100 * 55 cotton pad dyeing silk thread, 21S/2 * 10S, 72 * 42 cotton pad dyeing canvas regular fabrics, the demand increases locally, and the marketing is smooth. Pure cotton yarn 12S - 20S unconventional fabrics and special specification fabrics are refurbished by jacquard, printed patterns and textures, resulting in an increase in the number of counterpart merchants. The sales of various fancy products are all active. Due to the large number of retail outlets with new styles, the price trend is basically stable, and some of them are stable. In the autumn, the new pure cotton cloth is smooth and smooth with the demand.