Domestic PTA Starts To Maintain Around 64%.

Worried about global oversupply of crude oil will be turned into an oversupply of refined oil, and international crude oil prices have dropped slightly, and Asian PX prices have dropped slightly.

Domestic PTA operating rate remained at around 64%.

PTA spot price is weak.

Market consolidation, polyester stocks remain high, the continuation of the main shipment, downstream weaving, bomb companies to purchase raw materials carefully.

Technically,

1509, the contract fell slightly, and the price of the market rebounded after 4400 front-line support. The 5 day line pressure was at the top. The short term showed a trend of disadvantaged consolidation, and the 4400-4650 interval pactions.

News: 1, 15 days in Asia

The price fell by 1 US dollars at 845.5 US dollars / ton FOB Korea and 866.5 US dollars / ton CFR Taiwan / China.

2. Taiwan Formosa Plastics 2#58 10000 ton PX device has been opened normally, the device stopped in mid June, and the parking time lasted nearly a month.

Spot price: the East China PTA market offers an intention of 4450 yuan, 4400 yuan and more than 4450 yuan.

The price of the US gold disk dropped slightly, and the daily offer of goods was quoted at around us $700, which was about $670, and the shipping price was slightly lower. The negotiation lasted for about $650-660, and the paction was scarce.

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In July 13th, the national cotton trading market announced that since July 14, 2015, the Xinjiang production and Construction Corps was organized to sell cotton trading. The original new frontier cotton auction trading time began after 15 minutes of closing the market in the BINGTUAN Cotton auction.

So far, cotton enterprises have been buying cotton with three competing ways, namely, reserve cotton, corps cotton and Xinjiang cotton.

According to the director of Xinjiang cotton and linseed company, the number of cotton sold by the first round of the regiment was 200 thousand tons, of which a considerable part came from the 380 thousand ton storage and storage cotton of the regiment.

With the passage of time, the sales pressure of the regiment is increasing, especially when the new cotton market is approaching in 2015. How to deal with and digest inventory becomes a "heart disease" of the Corps.

At this time, BINGTUAN Cotton is involved in the bidding paction, and it is "close to each other" with the ongoing reserve cotton wheel. How can reserve cotton be "independent"?

In fact, since the beginning of July 10th, the cotton reserves have been heated by all parties.

On the first day, the turnover of cotton reserves reached 8704 tons, with a turnover rate of 28.7%, which exceeded most people's expectations.

Just when people had hopes for the turn out, the volume fell rapidly to 5043 tons on the 13 day, and the turnover rate dropped to 14.9%. Today, the turnover volume has dropped to 4090 tons again, and the turnover rate has been reduced to 8%, which is like a roller coaster general paction, which makes people worry about the subsequent rounds.

Careful calculation, at present, there are three ways to buy cotton for cotton enterprises.

From the results of the previous paction, Xinjiang cotton launched a daily amount of resources, and the volume of pactions is also small, the impact on the entire market is limited.

In particular, the sale of Xinjiang cotton was further affected after the launch of the reserve cotton wheel.

But the corps cotton "kill", and the impact on the reserve cotton, after all, the first day of the lowest price of 10480 yuan / ton for cotton business is still very tempting.

Now, the three way of competition is difficult to predict who will be the last winner. But such a result will be a good news for downstream cotton enterprises, and the cotton market will become more and more popular in the future.