Asian PX Prices Rose Slightly, PTA Spot Prices Fell Slightly.

News: 1, 17 days Asia PX quotes rose 6 US dollars to 976 US dollars / ton FOB Korea and 996 US dollars / ton CFR China Taiwan. 2, Yisheng November listing price implementation of 6300 yuan / ton, Yisheng Dalian 1#220 million tons of equipment load of about 8, 2#375 million tons PTA device full load operation; Yisheng Ningbo two small line parking, 3-4 line operation load of 85%, Yisheng Hainan PTA device operation is normal. In November, the manufacturer had no intention to reduce production, and there will be a reduction plan in December. 3, Jiangyin Han Bang 600 thousand ton PTA plant is currently parking, manufacturers plan to restart in late November, November Listed price Execute 6100 yuan / ton.

Spot price: the East China PTA market offers a majority of 5650 yuan, and the delivery rate is 5600, and the negotiation is maintained at 5600 and above. The US gold disk offer is held at 775-785 shipping / bonded, and the delivery rate is maintained at 760-765, 765 and above.

Inventory data: exchange The warehouse receipt was 6484, which was flat compared with the previous trading day, with an effective forecast of 0.

Summary of the view: Japan's third quarter economic annualized rate of 1.6% shrank by accident, international crude oil fell slightly, Asian PX prices rose slightly, domestic PTA operation rate increased to 74%, supply pressure remained, market rumors, PTA factory will again limit production and insurance prices; some manufacturers in November PTA contract goods quoted price 5800 yuan / ton, PTA spot price fell slightly; polyester market rise, downstream weaving enterprise procurement quantity is not much. Technically, the PTA1501 contract has fallen, and the price has fallen below the 5 day line. The bottom line tests the 5600 line support, and the short term tends to consolidate the trend. Operation, the 5600-5800 interval within the day trading.

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"The output is not good, the purchase price is low, the cotton income this year is not high, and the tail flower can not be finished but only rotten in the ground." A farmer picking cotton seeds in Jinhua village, Gongan County, Hubei, told reporters on the futures daily that last year, one mu of cotton planted locally could earn more than 3000 yuan, and it would be good to earn 2000 yuan this year.

During the recent visit to two provinces in Hubei and Hunan, reporters found that many of the cotton fields that should have entered the ending stage of harvesting were still white flowers, and many of them had not been picked yet. Some farmers simply turn the cotton fields with plenty of tail flowers directly into wheat or rape.

It is also understood that the cotton mill is generally worried that the cotton prices will continue to fall in the late period, and the purchase intention is not strong, and the seed cotton purchase price is far lower than the cotton farmers' expectations, which will cause cotton farmers to sell. Many cotton farmers in Hubei and Hunan are backlog.

"Over 20 cotton ginning plants in the northern cotton growing areas in northern Hunan have stopped buying seed cotton, while the sale of Hubei seed cotton is better than that in Hunan Province, but there are still a lot of seed cotton in the cotton producers in the producing areas." Pan Mingkun, a futures analyst at Hubei Baiyin cotton industry group, told reporters that the price of early purchase of seed cotton in some cotton ginning plants in Hunan province was high, making the cost of lint cotton generally reaching 14000 yuan / ton. The downstream textile enterprises did not recognize the price.

In early November, the departments concerned decided that the Cotton Subsidy in the mainland was in the 9 provinces of Shandong, Hubei, Hunan, Hebei, Jiangsu, Anhui, Henan, Jiangxi and Gansu. The subsidy standard for this year was 2000 yuan / ton, and the subsidy standard for the following year was based on 60% of the allowance for Xinjiang, and the upper limit should not exceed 2000 yuan / ton. The subsidy method is decided by the provinces independently, and it can be subsidized by area or by output.

Although the subsidy policy has been introduced, cotton farmers have already picked and sold some seed cotton, making it difficult to make statistics on the basis of area or production subsidies. Therefore, the Cotton Subsidy regulations in the mainland have not been announced yet. This is also one of the main reasons for the nearly halting of the purchase and sale of seed cotton and lint.

Pan Mingkun said that many cotton growers and ginning plants in Hubei, Hunan and other provinces are waiting for the introduction of the subsidy rules. It is expected that cotton farmers will sell cotton seeds in large quantities after the promulgation of the subsidy rules. When talking with some cotton growers, reporters also learned that most cotton growers were reluctant to sell cotton seeds in the hope of increasing their income later.

The sales director of a large cotton sales company in Hubei province said that because of the worry that the cotton prices in the future market continued to fall, the company currently has only more than 400 tons of lint inventory, which is at a relatively low level compared with previous years. At the same time, the company's processing plant will immediately process cotton lint and purchase the cotton seed quickly, and avoid the risk of further decline in lint prices. It is understood that the current cotton farmers in Hubei province seed cotton sales progress of 60% - 70%.

At present, the purchase price of seed cotton in two provinces of Hubei and Hunan is about 3.15 yuan / Jin, which is similar to the current seed cotton purchase price in Xinjiang. Due to the decline of cotton quality after the frost, the purchase of ginning plants and traders tended to be cautious. The purchase price of seed cotton in Xinjiang has declined recently.