Textile Market: Textile Exports "Six Links Increase"

< p > 1. Spot dynamics: < /p >

< p > 1, upstream raw material: New York crude oil futures in April rose 1.13 US dollars 91.56 US dollars / barrel; Brent futures rose 0.09 US dollars in April, closing at 111.15 US dollars / barrel. In April,

OPEC released the latest 03 months on 06, a basket of oil prices reported 107.64 U. S. dollars / barrel; compared to 03 05, 0.65 U. S. dollars.

Naphtha fell 14.25 to 934 U.S. dollars / ton on Thursday CFR Japan, MX fell 22 to 1277.5 U.S. dollars / ton FOB Korea.

PX Asia fell 16 US dollars to 1537 US dollars / ton (FOB Korea) and 1562 US dollars / ton (CFR China).

European PX fell 20 to 1430 U.S. dollars / ton FOB Rotterdam.

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< p > 2, PTA spot: PTA afternoon market is still dull.

The negotiations on the inside market were held at 8150-8200 yuan / ton, and the intention of the foreign exchange market was 1120-1125 dollars / ton, and the market remained calm near the weekend.

The MEG market was chaotic, the center of gravity moved down, the enquiry of spot offer futures increased, the internal market reported 7900 yuan / ton, the negotiation was 7800 yuan / ton on the upper side, the external report was $1045-1050 / ton, and the negotiation was 1040 dollars / ton.

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< p > 3, downstream < a href= "//www.sjfzxm.com/news/" > polyester and weaving < /a > manufacturers: Jiangsu and Zhejiang semi light chips continue to be quiet, market contracts are still in the majority of goods, spot trading more than 10200-10300 yuan / ton cash, near the higher 10400-10500 yuan / ton cash.

Jiangsu and Zhejiang polyester production and marketing atmosphere in general, part of the POY mainly factory production and marketing has declined, FDY slightly better, the individual reached 100%.

The short and short market remained stable and weak. The focus was still downhill. Most of the deals were negotiated with concessions. Jiangsu and Zhejiang 1.4D reported 11000-11150 yuan / ton cash in cash, and production and marketing were weak.

There is still a downward trend in the focus of sales promotion.

Shandong Changyi market polyester cotton yarn sales sluggish, pure polyester yarn market is dim, 21S reported 14500 yuan / ton up and down, 32S mainstream reported 15400-15600 yuan / ton.

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< p > 4, macroscopic data and events: < /p >

< p > (1) the central bank Zhou Zheng bought back 5 billion of the funds.

In March 7th, the central bank launched a 5 billion yuan 28 day repo operation with interest rate bidding, winning the bid rate of 2.75%.

Since no repurchase, central bank and treasury cash were expired this week, plus the suspension of the open market on Tuesday, the net return of funds was 5 billion yuan.

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< p > (2) February < a href= "//www.sjfzxm.com" > textile and clothing > /a > exports increased by nearly 7.

Customs statistics show that in February, the total value of China's imports and exports was 1 trillion and 650 billion yuan, of which 875 billion 120 million yuan was exported, up 21.8% from the same period last year.

If the holiday factor is taken into consideration, export growth will still be as high as 20.6% in the month of February.

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< p > textile and apparel exports in February, 16 billion 476 million US dollars, an increase of 69.65% over the same period last year, down 33.27% from last month (mainly due to the long holiday of Spring Festival), of which 5 billion 888 million US dollars in textile exports, an increase of 38.08% over the same period last year, a decrease of 35.87% compared with the same period, and the export of clothing 10 billion 588 million US dollars, an increase of 94.36% over the same period, and 31.73% reduction in the ring.

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< p > two, disk comment and operation suggestion < /p >

< p > PTA Futures: in March 8th (January twenty-seven), PTA futures opened higher and lower, but technical indicators have improved. The main force has been on the 5 day moving average.

PTA turnover increased by 104 thousand more than the previous day, increasing 19 thousand and 800 positions.

In March 8th, the amount of PTA warehouse receipts was 10145, less than 16 on the previous trading day, and the effective forecast volume was 600, which was higher than that of the previous day.

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< p > recent weak spot market shocks, market panic, PTA spot stable, MEG center of gravity still downward, downstream a href= "//www.sjfzxm.com/news/index_c.asp" > polyester < /a > production and sales rate slightly increased, some products still have to make up.

Friday PTA main warehouse volume increased by two, from the technology point of view, PTA main force near 8000 strong support, the main force has successfully stood on the 5 day moving average, according to the plan, the central line empty single right amount lighten up.

Continue to focus on industrial chain to inventory progress.

For reference only.

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