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Recent Cotton Demand Adjustment Sluggish PTA Callback

2011/2/15 17:45:00 68

On Monday, New York crude oil futures fell 0.77 U.S. dollars in March, closing 84.81 U.S. dollars / barrel; Brent futures rose 2.14 US dollars in April, closing at 103.08 U.S. dollars / barrel.

PX is maintained at $1622-1623 / ton FOB Korea, equivalent to PTA cost of 9560 yuan / ton.

The main price of the cash in the main market is 11680-11700 yuan / ton, and the output is from the outside market.

Goods in stock

The price level of the cash ship plate is $1465-1470 / ton, and the price of the foreign exchange spot is 1455-1460 USD / ton.

Recently, mainstream factories are weak due to lower demand support.

Polyester production and marketing

Continued weakness, partly due to pressure on stock prices began to promote sales, most factories moderate concessions.

In the Xiaoshao area, the polyester fiber is stable, including POY, DTY and FDY150D mainstream 14500-14700, 16000-16200, 14500-14800 yuan / ton; Shaoxing factory FDY fifty to one hundred; 61D, 75/72, 100/48, 150D reported 17950, 17500, 15700, 14750 yuan / ton; POY in Xiaoshan factory dropped two hundred, 75/ 36, 75/72, 75/ reported, 36, 36 yuan / ton.

Because of the low load after the festival, the difficulty of recruitment and the high cost of the operation have led to a strong wait-and-see sentiment.

At the same time, there are about 2 million tons of polyester production capacity maintenance after the festival, which shows that the cost of polyester industry chain is not smooth.

Affected by the drought in the north, domestic agricultural products continued to rise to further boost domestic inflation expectations, but affected by the downturn in downstream demand and the adjustment of cotton, Zhengzhou yesterday.

PTA

Callback.

Affected by the adjustment of crude oil, there is still a pressure of callback today. Investors are advised to: 1105 contracts pay attention to the performance of two lines, and the PTA central line is more cautious.