Cotton Prices Continue To Drop, Cotton Prices Lower Seed Cotton Purchase Price

Recently, Chizhou, Anhui.

Continued to fall and pessimism intensified, cotton companies had to lower seed cotton purchase price.

It is understood that as of December 2nd, the local 3 grade lint price quoted 14000 yuan / ton (pick up, take the ticket, cash), 4 level 13450 yuan / ton, compared with last week all fell 200 yuan / ton.

The best level 3

The purchase price is 3.15 yuan / jin (lint 39%, moisture 14%, impurity 1.3%), 4 level 3 yuan / Jin, compared with last week all fell 0.10 yuan / Jin, 200 cotton enterprises.

2.60-3.00 yuan / Jin, compared with last week, it dropped by 0.10 yuan / Jin, and cotton merchants' purchase price was 2.80 yuan / Jin, down 0.20 yuan / Jin compared with last week.

It is reported that the main reason for the decline of lint is that Xinjiang cotton is favored by spinning enterprises, and no one is interested in the mainland cotton. Some small textile enterprises are willing to purchase 200 small packets of cotton, and the price of small cotton is 200 yuan / ton lower than that of big balun cotton. The cotton price of the big package is low and difficult to sell, and the 400 cotton enterprises are miserable.

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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.