1-7 Months Before The Import Of Cotton Yarn, The Ten Largest Importing Provinces And Cities Only Had Negative Growth In Beijing.

1-7 months ago, the top ten Cotton Yarn Import provinces and cities only

Negative growth, the decline of 14.6%, the number of imports of 143 thousand tons.

Guangdong imported 390 thousand tons, an increase of 18% over the same period last year.

Imports of 248 thousand tons, an increase of 28.4% over the same period.

The trade pattern was dominated by general trade, accounting for 76.2% of the total imports of cotton yarn, up from 1 million 66 thousand tons, up 32.4% from the same period last year. Processing trade accounted for 22%, and the import volume was 309 thousand tons, down 3.5% from the same period last year, of which 293 thousand tons of processing were imported.

The remaining ten largest

The market has increased to varying degrees.

The increase in Shanghai and Shandong was 26.3% and 57.6%, the import volume was 142 thousand tons and 148 thousand tons, and the growth rates in Jiangsu, Fujian and Anhui were 18%, 56.4% and 6.3% respectively.

Tianjin and Hunan increased by 110.7% and 96.9% respectively.

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PX price dropped 2 US dollars / ton, quoted 795 US dollars / ton, converted PTA cost 4697 yuan.

In the short term, though the supply and demand pattern is still tight under the stimulation of individual device maintenance, it is expected that some changes will be made after mid September, and some devices will be restarted. The PTA load is expected to rebound, supply and demand support will gradually weaken, while polyester load will pick up faster in the near future, and the raw material demand will increase more. But in the medium term, the load will be close to 8, or the uplink space will be limited, and the subsequent pull-up power will be insufficient.

(Huatai futures)

On the news side, Jiangsu Honggang Petrochemical 1 million 500 thousand ton / year PTA production line has been overhauled on 7 days according to the original plan, and plans to overhaul about 15 days.

The device mainly supplies its own downstream and a small amount of export.

In terms of upstream raw material prices, Asian PX prices rose 4 US dollars for 24 days, at 781 US dollars / ton FOB Korea and 802 US dollars / ton CFR China.

On the spot price, the PTA market offered a price of 4400 yuan from the vicinity of the company, and the delivery price was near 4350 yuan. The negotiation lasted for 4370-4410 yuan from the vicinity of the company, and the PTA manufacturers bought the main ones. There was a real price at this price. The market was more cautious in buying, the price of the US gold plate was stable, the offer was $600, and the shipment was around $580, about 550-560 US dollars.

On the whole, the price of PX in Asia is flat as the international crude oil prices fall. With the implementation of the Honggang Petrochemical overhaul plan, the domestic PTA operation rate has dropped to about 54%, supporting the price of PTA, and the market of polyester market is stable.

On the operation, it is recommended to rely on the 4450 front-line short pactions, pay attention to stop loss.