Today'S Xinjiang Cotton Competition Sells 6641 Tons Of Resources.

The national cotton exchange market is scheduled for sale in June 26th. Xinjiang cotton sells 6640.557 tons of resources, including 3230.458 tons of resources in the Xinjiang reservoir area.

The minimum price of 3187.525 tons is 13050 yuan / ton.

42.933 tons, minimum price 12300 yuan / ton.

The resource is 3410.099 tons, and the lowest price is 12800 yuan / ton.

On the same day, more than 28 resources (fracture strength 28+, average length 28+) 2276.826 tons (Xinjiang library accounted for 982.369 tons, inland library accounted for 1294.457 tons), the lowest offer 13200 yuan / ton, all hand picked cotton.

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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.

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.