Low And Low PTA Continue To Be Weak

In the morning, the PTA market was weak and volatile, and the overall wait and see was mainly around the 6950 yuan / ton, and the possible negotiation was at 6900 yuan / ton level.

The offer is not large, and the possible negotiation is within 955 US dollars / ton; the bonded account is 970 US dollars / ton, which may be around 965 US dollars / ton.

Considering the current

Production profits can also be coupled with the release of pre production capacity and the rise in operating rate, while the relative PTA operating rate remains low, which will effectively enlarge the extent of PX supply increase, coupled with the long term weak expectation of crude oil, and the PX price in the future market is not very optimistic.

Technically, the current price pressure average line system is weak downwards, short-term or continuing downtrend, temporarily shorting the idea.

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The price of cocoon silk is further down, and the downstream demand is pessimistic, which can not lead to the orderly operation of the whole industrial chain.

There is a lack of good news in the current market and will remain weak and volatile for some time to come.

The 10 day cocoon silk disc contract all fell, the biggest decline is the raw silk main contract 14093, fell by 0.78%; and the dry cocoon plate paction atmosphere is still cold and cheerless, the former main contract GJ14093 has no turnover today, the cocoon silk market spring has not arrived.

A total of 12 batches of dry cocoons were sold on the same day, the total order volume was 38 batches, the 15033 contract decreased by 300 yuan, and 109 thousand and 700; the total turnover of raw silk was 132 batches on the same day, the total order quantity was 711 batches, 14093 contracts fell by 2580 yuan, and the 327 thousand and 500 and 15033 contracts were reduced by 327 thousand and 500 yuan, which was reported to be collected.

The market is still showing a downturn trend. The cocoon silk market has not been very optimistic since the first half of the year, and the production and operation status of the major silk reeling enterprises has not improved, resulting in the continuous compression of the profits of the production enterprises.

Although it is at the peak stage of cocoon listing, downstream manufacturers are losing money, so there is no trend of increasing production.

The supply of fresh cocoons is ample, but the market demand is not large, leading to no signs of recovery in the whole cocoon silk market.

In recent days, cocoon silk keeps its bearish pattern unchanged. Although the decline is limited, it has already affected market confidence to a certain extent.

Before September 6th, the large silkworm area in northern Guangxi began to enter the peak period of the first batch of autumn cocoon acquisitions this year. The local autumn cocoons were listed this week. The purchase price basically remained stable compared with the initial acquisition of the stock market, and the rise was not obvious. At present, the purchase price is maintained at 36 yuan to 38 yuan per kilogram or so. The price of Yizhou's silkworm cocoons is still stable.

The quality of silkworm cocoons is generally good. From the Yizhou cocoon station, it is known that the gross discount is estimated at around 300 kg, and the rate of relaxation is about 65%. The situation of increasing and decreasing production of cocoon cocoons is not very obvious.

The first batch of autumn cocoons will be on sale around the weekend, and the second batch of autumn cocoons will start listing in two weeks.