PTA: Downward Pressure On Disadvantaged Collation

The Zhengzhou PTA1505 contract opened at 4714 yuan / ton, closing at 4732 yuan / ton, down 28 yuan / ton compared with the previous trading day, decreasing by 0.59 on the day, 149 thousand and 900 hand on the Matsu hill, 37202 hands down to 1 million 187 thousand and 200 hands.

On 1 and 10, Asian PX quotations fell 3 US dollars to 843 US dollars / ton FOB Korea and 865 US dollars / ton CFR Taiwan / China. 2. Tenglong aromatics 1 million 600 thousand tons PX device At present, the operation load is normal, the manufacturer plans to stop in March 15th, and the parking time is about 1 months. 3. The data released by the National Bureau of statistics show that in 2015 1-2, the added value of above scale industries increased by 6.8 in real terms compared with that in the past 014 years in December, and 1.1 percentage points in December 014.

In terms of spot prices, the PTA market in East China was kept at 4600 yuan and within 4500-4550 yuan, and the delivery rate was $4550-4580. The negotiation lasted for about $4550-4580. Offer Around $640, $620-630 was negotiated, and negotiations remained at $630.

Stock data: 52124 warehouse receipts, an increase of 2135 copies compared with the previous trading day, with an effective forecast of 27369.

Conclusion: international crude oil has fallen sharply, and PX prices in Asia have dropped slightly. Domestic industrial added value is weaker than expected in 1-2 months, and the downward pressure on the economy is not decreasing. Chemical products Market atmosphere. Domestic PTA starts to maintain to 68 cadmium shake.

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In March 11th, the spot trading of the national cotton trading market was 10490 tons, an increase of 850 tons compared with the previous day. The order volume is reduced by 110 tons today, and the total order is 19720 tons. Today's spot trading contracts vary widely. The average price is mixed.

Spot trading on the spot has the following characteristics: first, the transaction increased, the transaction concentrated on MA1507 and MA1508 two contracts, and the remaining contracts were very low. Two, the order quantity is reduced. The order quantity of MA1505 and MA1506 decreased by 110 tons and 120 tons on the same day, and the order quantity of MA1508 increased by 120 tons. At present, MA1504 orders 7260 tons for the main order contract.

China: at present, the shipping market of Ji Lu Yu yarn is increasing. As the downstream textile enterprises have been more than normal production, the rhythm of the yarn is frequent. It is understood that after entering March, the Qingdao free trade zone has a better warehouse output. In February, the US cotton and India cotton were shipped out in succession, especially the high-quality cotton, and there were not many cotton warehouses in the near future. The port inventory overall decreased compared with the peak period in February.

Foreign: according to the statistics of India Cotton Corp, as of March 8th, the total cotton seed turnover in India was 4 million 785 thousand and 500 tons (28 million 150 thousand packs), which was 4 million 833 thousand and 300 tons (28 million 430 thousand packages) in the same period last year. On the 10 day, Pakistan cotton city continued to be stable, and the pick up price of the high and middle level spot ginning factory was 58.90-62.50 cents / pound. Local textile mills are rational buyers, although there are concerns about the decline in the latter market, but there are still a small number of transactions.