Domestic PTA Futures Performance Is Strong, Creating "Four Consecutive Ups".

Upstream oil prices, PX prices rebounded, and device failures, resulting in reduced production capacity and other factors, stimulated the recent PTA price rise.

But for the time being, there is cost support in PTA upstream, production reduction and downstream production.

The balance between insipid and short-term prices is expected to remain strong and strong.

Yesterday,

The futures contract for the 1509 main contract was put up first, and the early opening was opened at 5226 yuan / ton, with a maximum touch of 5298 yuan / ton, followed by a concussion, and the final closing price was 5230 yuan / ton, up 72 yuan / ton or 1.4%.

"Upstream crude oil prices,

The price rebounded, and in May 29th, Japan JX deer island refinery fire and Yisheng Hainan plant PTA plant mechanical failure, the operating rate dropped to 80% and other emergencies, stimulating the PTA price rise.

There are people in the industry.

On the upstream side, the US dollar has dropped considerably, because Greece is likely to reach an unanimous agreement with the debtors to make the euro appreciate substantially, and commodities have been boosted and oil prices have risen.

In addition, PX prices rose 44 to 928 U.S. dollars / ton FOB Korea, the market generally traded.

On the news side, in the near future, the 1 million 400 thousand ton PX plant in northern China will restart, and the 2 million tonnes of PX devices in East China will be driven. The 2 million 80 thousand tonnes of equipment in the two South Korean companies will also open, and the global market is expected to increase 5 million 400 thousand tons of PX capacity in June.

In late June, part of the pre maintenance PTA device resumed, and the downstream polyester stocks were still high. Production and sales dropped rapidly. Speculation was difficult to continue.

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In the near future, the trend of long staple cotton is not satisfactory.

In June 3rd, the mainstream quotation of 137, 237 and 337 grades of long staple cotton in Xinjiang Akesu market were 28000 yuan / ton, 27100 yuan / ton, 26200 yuan / ton respectively, all down 100-200 yuan / ton compared with May 29th.

According to the introduction of some cotton ginning plants in Awati County, the long staple cotton has just entered the substantive sales stage. The general mood of stock is urgent and the price is not stable, but the sales situation is not optimistic.

In the mainland market, long staple cotton is also facing challenges.

In June 3rd, a cotton trader in Ji'nan, Shandong said that the price of the 137 grade a Xinjiang production area was 28400-28500 yuan / ton, which basically fell back to the level in early May. The 237 and 337 level quotations were also in the 27300-27400 yuan / ton, 26400 yuan / ton line.

According to the cotton trader, there has been no marked acceleration in the long run out of the long staple cotton in the near future.

Cotton Traders and cotton brokers are waiting.

In Xinjiang, few cotton merchants have been asked for long staple cotton.

A Akesu market source said that the recent textile enterprises in Shandong, Jiangsu and Sichuan and Chongqing regions had reduced the number of inquiries and goods by at least 60% compared with the first half of May.

The long staple cotton market has been so cold and cheerless, which has led many market participants to decline in confidence, and it is estimated that the long staple cotton may enter a downward path in the near future.

There are also market participants who believe that the recent weakness, decline, or the accumulation of power for the latter part of the rise.

There are several reasons for the stagnation of long staple cotton in the near future. First, the banks have tightened the loan recently, and the psychological pressure of the cotton mill is heavy.

During this period, we often hear that the ginning factory intends to "dump goods" in order to repay the loan. To some extent, it brings instability to the long staple cotton market. Second, the recent electronic discs are not enough to cause instability.

Since the end of May, the CF1509 contract of Zheng cotton futures has been fluctuating at the level of 13000 yuan / ton, which gives the bullish people great psychological pressure.

Third, the expected yield increase of long staple cotton.

According to the data of Xinjiang's agricultural sector, the total output of long staple cotton in 2014 was around 70 thousand tons, and the area of long staple cotton increased by more than 30% over the past year. Even some market participants estimated that in 2015, the output of long staple cotton or 100 thousand tons in the first place reached a record output.

Fourth, some people are pessimistic that the price of combed high count yarn with long staple cotton as the main cotton will go down sharply.

This has given heavy weight to the long staple cotton market.