The First Batch Of Autumn Cocoons Sold In That Building Will Be Priced At 34 Yuan Per Kilogram.

The first batch of autumn cocoons of Na Lou in Yongning District of Nanning city has been listed since September 7th. Now it is in the peak period of cocoon listing. In September 11th, from the largest local cocoon purchasing unit in that building, it was learned that the purchasing price of cocoon is about 34 yuan per kilogram, the cocoon quality is general, and the cocoon shape is small.

The color is yellow. It is estimated that the hair fold is about 320 to 350 kilograms, and the rate of relief is about 50%. In recent days, the cocoon station receives more fresh cocoons daily, and the staff are stepping up the classification of cocoons and entering the barn in time.

The cocoon

Unit responsible person said, from the current acquisition of the first batch of autumn cocoon situation, compared with last year, the cocoon volume has a trend of reduction, the main reasons are as follows: in the spring cocoon stage, the quality of silkworm eggs is not good, silkworm feeding to late silkworm disease affects the production of cocoons.

First half year

With the low income and serious losses, the enthusiasm of local sericulture farmers to raise silkworms has been greatly damaged. Some of them have abandoned their management of mulberry fields, and have chosen to go out to work, and the total number of silkworms has been reduced.

It is estimated that the first batch of autumn cocoons will continue until around 14 or 15 September, while silkworm farmers are also trying to raise second batches of autumn silkworms while picking cocoons.

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The recent decline in PTA prices is mainly driven by the upstream market.

WTI crude oil has fallen nearly 15% since mid June, while PTA's direct raw material PX is also very weak.

PX price declines, on the one hand, is caused by the decline of crude oil; on the other hand, it is the increase of PX supply.

India Oil and Natural Gas Corp's new device is scheduled to open this week due to technical problems, which will stop at the end of August.

Singapore's Jurong aromatics 800 thousand tons / year PX plant was put into operation in September 7th.

Fujian Tenglong group's 1 million 600 thousand ton / year PX plant in Zhangzhou was reopened in September 9th after its shutdown in August 20th.

Due to better profits in the early period, the PX operating rate has been raised, and the domestic PX output has risen sharply in 7-8 months. Especially in August, domestic PX output hit a new high. Fortunately, the import volume of PX in 7-8 months was not high. However, due to the increase in domestic production and the low rate of PTA operation, the demand for PX did not expand. At present, PX social inventories are still in a slight increase trend, and continue to suppress PX prices.

In addition, with the recent fall in PX prices, PX production cash flow has been compressed.

The price difference between PX and naphtha in late July was running at the level of $500 / tonne, leaving a large break even of 300-350 US dollars / ton, but at present, the profit margin of PX has been greatly reduced. The difference between PX and naphtha is about 350 US dollars / ton, which is close to the break even area, or it will affect the initiative of PX plant.