In 2015, China'S Cotton Reserve Delivery Plan Was Ready To Come Out.

It is understood that in 2015, China's cotton reserve delivery plan has been ready to come out. Cotton processing enterprises in Akesu, Bachu, Korla and other places generally believe that the price of cotton reserves will play a role of "bottling up" for the spot market, which is conducive to the selling price of lint and lint inside and outside the territory.

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A large number of warehouses have moved to the southern part of the mainland and even plan to raise the price of cotton in the early part of July. On the one hand, they will end up at the end of June, regardless of the high quality or high index of the warehouse or the cotton consumption area.

Very few are available; on the other hand, compared with domestic cotton, which was bought and sold in 2012, 2014/15

It has an indisputable advantage in the level of public inspection, spinnability, consistency and horse value.

Some cotton enterprises in the territory have analysed that at present, they are less than two and a half months from the new cotton market, and the pressure of national cotton storage is very large. Coupled with quality mismatches and other reasons, the "turn out" process will be very long. In addition, it will be able to meet the first half of 2015 in the first half of the first half of 2015/16. Therefore, the impact of cotton reserves on the spot sales progress of Xinjiang cotton will go through 7-12 months.

The ginning factory in Akesu and Korla believes that the bid price of the national cotton mill has basically locked the purchase price of seed cotton and the cost of lint processing in 2015/16, and the cotton business will also formulate procurement and sales strategies according to the price of throwing and storing.

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In recent years, PTA futures have shown a narrow trend as a whole, with a support of 5000 yuan / ton, and it is difficult to break through the 5130 yuan / ton line.

As of yesterday's close, the PTA1509 contract fell 26 yuan / ton or 0.51%, closing at 5070 yuan / ton.

Analysts believe that if the market focus is back to the fundamentals of oversupply, PTA prices will continue to be explored.

PTA device, Ningbo Taiwan 1 million 200 thousand tons PTA device began to replace equipment parking in the evening of June 5th, restart again in June 12th, the current load is normal; Yisheng Hainan 2 million tons PTA device June 2nd equipment failure down to 8, June 7th began to stop maintenance, June 12th began trial vehicle, the current load is normal; Fujian Jialong 600 thousand tons PTA device due to poor production efficiency, plan to park in June 20th, the specific restart time will depend on the circumstances.

Huatai futures analyst Cheng Lin pointed out that due to the successful restart of Ningbo platform and Yisheng Hainan plant, the PTA load rose to 71%, even though the 600 thousand tons of Fujian's device parking, the load was also around 7, while the polyester load has dropped to 78% below, and the PTA load is about 65%.

The current load and loss level of polyester enterprises will continue to decline.

On the other hand, due to the high PTA load, PX profits began to pick up, and PTA loss increased, focusing on the summer PTA overhaul plan.

Looking ahead, Cheng Lin said that crude oil was slightly shocked, naphtha was weakening, Asian PX rose slightly due to China's PTA load increased, and domestic PX load was low, supporting PTA costs.

At present, the PTA load has returned to 71%, and for the polyester load of about 78%, it will return to oversupply.

And downstream polyester stocks continue to rise, loss increases, weak demand, the load will continue to decline.

Overall, the cost side is slightly stronger, the PTA losses increase, and the downtrend may also be in the late stage. At present, the supply of PTA is rising and inventory is adequate, and downstream consumption has not continued to weaken. It is expected that the latter price will remain weak.