Henan: The Order For Cotton Making Has Improved During The Preparatory Period Of Spinning Enterprises.

According to feedback, as the new year cotton purchase progressively drew to a close, Henan textile enterprises began to actively visit the market recently, preparing for the year's textile cotton.

According to the survey, the current use

The cotton resources that the industry is paying close attention to include real estate cotton, Xinjiang machine picked cotton and BCI cotton.

About real estate cotton, 2 local enterprises feedback, 3128B (standard level) to the factory price according to the checkout way different price in 14000-14200 yuan / ton, and 1 days basically flat.

Slightly higher.

In addition, the current BCI is more concerned.

(better cotton initiative), some customers directly indicate the use of BCI cotton when placing orders, and the price of cotton is also 500-1000 yuan / ton higher than that of general cotton.

In addition, it is reflected that the demand for combed noil is also very large, and the overall order of textile enterprises is better than before.

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OPEC's decision to reduce output in November 27th led to a sharp fall in oil prices.

By November 28th, the price of WTI in the United States dropped by nearly 10% compared with the closing price in November 26th, falling below 67 US dollars / barrel, a 5 year low.

When the oil price is more closely related to PTA, the PTA industry will reduce production and respond to price fluctuations.

At present, the PTA device that has been stopped is Yanda grand 750 thousand ton device and constant force 2 million 200 thousand ton device, etc. the domestic PTA real-time start-up load falls below 65%.

Since the settlement mechanism of PTA plant in May and June of this year, the clearing price has been re priced according to the cost of raw materials PX plus 700 yuan / ton.

The price of PX has a direct impact on the PTA market, making the correlation between PTA and crude oil to a certain extent enhanced.

The settlement price of PTA contract of Yisheng, Hengli and Xiang Heron in November was 5950 yuan per ton, 150 yuan / ton down from last month.

Recently, Hengli petrochemical and Far East petrochemical company's PTA contract price in December has been issued at 6100 yuan / ton.

In fact, crude oil prices plummeted, causing PTA companies to reduce their contract price by 12.

Zhao Cheng, an analyst at China textile net, said that the price of these enterprises was originally priced at 6300 yuan / ton, and the price of crude oil dropped, and they lowered the price.

Zhao Cheng believes that the next announced price may also be reduced.

At present, despite the decline in crude oil, PX enterprises have a high degree of concentration and strong location and have more voice in the industrial chain.

This year only two months PX and the PTA industry reached the PX ACP advocacy price, and the two industries in other months are divided.

Crude oil prices continue to be weak, which brings variables to PTA's purchase. Although there are many advantages, PTA obviously has to adapt to this change.

For example, in October of this year, PTA and PX reached a price agreement, crude oil prices fell further after the national day, resulting in the loss of PTA business interests.