Early Price Trend Of Textile And Chemical Industry In March 22Nd

< strong > macro focus < /strong >

Last week, the number of initial jobless claims increased slightly, but the average weekly value dropped to the lowest level in five years, indicating that the job market has continued to improve. P

Last week, the number of initial jobless claims increased by 2 thousand to 336 thousand compared with the previous week, which is 340 thousand below market expectations.

In March, the initial value of PMI in Markit manufacturing industry was 54.9, 54.8, and the former value was 54.3.

In March, the Philadelphia fed manufacturing index was 2, with an expected -3.0 value of -12.5.

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On Thursday, P, the newly appointed governor of the Bank of Japan, Kuroda Higashihiko, held the first press conference after taking office.

He emphasized the determination to achieve the 2% inflation target within two years.

He said the Bank of Japan must achieve 2% inflation target as soon as possible, and expand the scale and category of asset purchases to expand monetary stimulus.

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< p > the euro area composite PMI initial value in March was 46.5, a low of 4 months, with a forecast value of 48.2 and a pre value of 47.9.

In March, the initial PMI value of manufacturing industry was 46.6, a low of 3 months, with a forecast value of 48.2 and a pre value of 47.9.

In March, the initial PMI value of service industry was 46.5, a low of 3 months, with a forecast value of 48.2 and a pre value of 47.9.

Corporate activities in the euro area shrank at the fastest pace in four months, and the two largest economies in the region deteriorated in Germany and France.

Among them, the expansion rate of German enterprises' activities was the slowest in 3 months, and the manufacturing industry returned to the contraction area. France was shrinking at the fastest speed in four years.

This is once again a blow to the market's confidence in the recovery of the euro zone.

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(P) the European Central Bank warned that if Cyprus could not reach agreement with the three carriages before the next Monday, the central bank would cut off emergency liquidity assistance to Cyprus.

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HSBC released the manufacturing purchasing managers' index (PMI) preview data. HSBC China manufacturing PMI recorded an initial value of 51.7 (50.4 in February), the highest in two months.

In March, PMI showed a slight improvement in the manufacturing industry.

Meanwhile, the initial output value of China's manufacturing industry was 52.8 (50.8 in February), the highest in two months.

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< p > < strong > cotton > /strong > /p >

< p > the overnight ICE period cotton high and low to go to collect the Yin line, the main contract in May fell 0.90 cents to 88.20 cents / pound, the technical graphic view price callback pressure increased.

Zhengmian 1309 contract closed on Thursday afternoon, closing at 20205 points, up 35 points from the previous trading day.

The top twenty bulls reduced their positions from 174 to 47972 and 2351 to 54081.

Trading volume dropped sharply compared with the day before yesterday, MACD index green pillar extended, KD index downward divergence, technology graphics view period price is weak.

Cotton warehouse receipt information: cotton warehouse receipts totaled 111 (of which Xinjiang < a href= "//www.sjfzxm.com/news/index_f.asp" > cotton < /a > 37), 6 fewer than the previous day.

31 effective forecasts.

Fundamentals: domestic cotton CC Index 328 price index: 19368 yuan / ton (+4), imported cotton FC Index M price index: 98.23 cents / pound (-1.37), 1% tariff 15723 yuan / ton, discount sliding quasi tax to 16307 yuan / ton, and cotton price difference to -3061 yuan / ton.

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< p > India's sale of government cotton inventory negative international cotton price. Recently, India's domestic a href= "//www.sjfzxm.com/news/index_s.asp" > cotton price < /a > continues to rise. Domestic organizations call on the government to raise their calls for the suppression of cotton prices. Meanwhile, China is about to announce new purchasing and storage policies. The premise of unlimited storage will be to increase the intensity of the current cotton reserves. Under the background of the current downstream consumption has not been significantly improved and the low-end industries are seriously outgoing, textile enterprises are cautious in purchasing, and the ICE cotton market will still have the opportunity to go up with Chinese quotas.

At present, the current market is waiting for policy guidance, and the short-term Zheng cotton policy will still have a high opportunity to rush, but in the middle and long term, the domestic cotton market is still hard to be optimistic.

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< p > < a href= "http://cailiao.sjfzxm.com/" > cotton reserves < /a > quantity was 70159.4516 tons, and the actual turnover was 20307.8783 tons, with a turnover ratio of 28.95%, which was 0.64% higher than the previous paction day; the average daily turnover reserve cotton was 3.74, which was 0.06 lower than the previous trading day; the average length was 28.39, which was 0.01 lower than that of the previous trading day; the weighted paction price was 18867 yuan / ton, compared with the previous trading day, which dropped by 48 yuan / ton, and the 328 grade paction price was RMB yuan / ton (weight), falling to RMB yuan / ton, which was lower than the price of CC Index Index yuan / ton.

As of March 21st, the total amount of the total listing was 2937507.574 tons, with a total turnover of 853933.3728 tons, with a turnover ratio of 29.07%.

In 2012, cotton temporary storage and storage totaled 6433770 tons, and Xinjiang totaled 2544000 tons. The total volume of pactions in the mainland was 2162820 tons, and the total turnover of key enterprises reached 1726950 tons.

Operation suggestion: CF1309 trend investor can rely on 20500 yuan / ton pressure level layout empty list.

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< p > < strong > PTA < /strong > /p >

< p > overnight WTI crude oil opened up and went down for a long time. The main contract in May fell by 1.05 US dollars / barrel to 92.45 US dollars / barrel.

Brent crude oil closed high and closed down, the main contract in May fell 1.25 U.S. dollars / barrel to 107.47 U.S. dollars / barrel, technology graphics look at the price rebound weak weak pattern is expected to continue.

The TA1309 contract closed on Thursday, closing at 8104 points, up 32 points from the previous session.

The top twenty were 8561 to 152857 hands, adding 12678 hands to 159233 hands, and the overall strength of the air side was slightly superior.

Trading volume increased slightly compared with the previous day, MACD index green column shortening, KD index flat, technical graphics look at the period price is weak.

On the spot: PX external: $1504 / ton (-4), PTA external disk: $1098 / ton (0), PTA inner disk: 8070 yuan / ton (+20), MEG external disk: 1032 US dollars / ton (+4), MEG inner disk: 7820 yuan / ton (+80), polyester chip: 9900 yuan / ton (0).

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< p > industry dynamics: Exxon Mobil's April 2013 Asian PX contract price was set at $1650 / ton CFR.

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< p > PTA the internal and external market is still weak, and the MEG center of gravity is also weakening. The market of polyester and silk in Jiangsu and Zhejiang is disadvantaged, and the mainstream enterprises mostly focus on Ping newspaper.

Fujian's high priced goods will inevitably be reduced, and downstream purchases are prudent and production and marketing levels are low.

The short and short market has stabilised slightly, but there are still some reports of falling down. The manufacturers are going to take the goods at the right price and follow the purchase with the downstream. The wait-and-see mentality is obvious.

Operation suggestion: PTA1309 is mainly short of rebounding, while conservatives can rebound to 8200 yuan / ton before entering the market.

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< p > < strong > LLDPE < /strong > /p >

< p > Plastic 1309 contract closed on Thursday and closed at 10630 points, unchanged from the previous trading day.

The top twenty bulls reduced their positions from 98 to 96496 and 3206 to 96208.

Trading volume increased slightly compared with the previous day, MACD index green column shortening, KD index upward divergence, technical graphics view price rebound is expected to continue.

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< p > industry dynamics: China Petroleum North China PE linear markup listing, high pressure Daqing / Lanhua 2426H hanging 11000, Daqing 2426K hanging 10950; linear inflation 100, Jihua / Daqing 7042 hang 10850; low pressure Dushanzi 8008 hung 10570, Daqing 5000S 11350.

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< p > Zhongyou Southern China PE high voltage / linear increase pricing, high pressure general inflation 50, Daqing 2426K fixed 10850, Daqing 2426H 10900 10900, linear popularization / Dushanzi / orchid 7042 set 10700, low pressure Daqing / Lanhua 5000S 11350, Jihua 9455F 11300, Dushanzi 8008 set 10600.

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< p > the price of central China PE in Sinopec is up. The pressure rises by 100, and the 951-050 in Maoming is fixed at 11000. The linearity is stable, the 7050 yuan in the Central Plains of the 7042/ is 7050, the low pressure part is rising, the Maoming TR144 rises 100, 11400, Yanshan 5200B rises 100, 11200, and the rest is stable.

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< p > Sinopec Southern China PE linear continues to rise, high pressure Maoming 2426H/K fixed 10950951-050/000 fixed 11100, linear continues to rise 50, Fuzheng 7042/7050 fixed 10800, wide stone 7042 set 10900, low pressure Fuxing 6094 set 11100, Maoming TR144 fixed 11250, Fuxing 8008 8008 10450.

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< p > favorable factors continue to exert force. The PE market has been pushed up. Sinopec / PetroChina's two largest petrochemical enterprises continue to raise their factory price at the same time, with some petrochemical plants being stopped and overhauled, and the market resources are tight. The market quotation continues to catch up, and the mood of the businesses in the field has improved slightly, but the overall mentality is still slightly cautious. The downstream terminal enterprises are showing signs of resistance to the high priced goods, the overall trading performance is under pressure, and the actual turnover is slightly weaker. It is expected that the market will continue to move upward in the short term, but the high space will be limited.

Operation suggestion: L1309 trend empty single continues to hold, short positions can rebound to 10750 yuan / ton first line intervention trend empty single, price break through 10900 yuan / ton empty single departure.

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