Major Issues In Tianshan Textile Planning

Tianshan textile announced that the company received the Investment Notice of controlling shareholder Katie, during the company's stock suspension period, the company shareholders and the parties concerned to plan for major asset acquisitions, but with many times

After repeated argumentation, it is considered that the conditions for the implementation of the matter are not yet ripe for the purpose of safeguarding the interests of the vast majority of investors.

Decides to stop planning the matter, and promises to cancel the major asset within three months from the date of resumption.

Matter.

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After the Spring Festival, most textile enterprises in Hebei started to resume production after ten of the beginning of the month. As most of the textile enterprises did not replenishment before the festival, some of the lower inventory enterprises began to buy cotton linen work after the resumption of production.

In March 2nd, the 2128 grade sale price of Xinjiang hand picked cotton in the local warehouse was 14400 yuan 14500 yuan / ton (gross weight, self raised, with ticket price). The selling price of 3128 grade lint was 14000-14100 yuan / ton, and the 3128 grade sales price of machine picked cotton was 13200-13300 yuan / ton, all of which maintained the level before the festival.

It is understood that most cotton enterprises are optimistic about the quality of Xinjiang cotton, first, as the consumption of quality, the number of Xinjiang cotton is becoming less and less; two, the inventory of textile enterprises is at a low level, at present, the main purchase of resources products for the Xinjiang cotton; three is the textile enterprises to produce more high and high cotton yarn products, the higher quality of Xinjiang cotton purchase will be higher, so cotton prices quoted price continued the pre holiday level, but because the textile enterprises have not yet fully resumed production work, the spot market is only sporadic, and the number of spot pactions is expected to rise after the Lantern Festival.

The high quality lint has maintained a strong trend because of the favor of the spinning enterprises, but the lower quality and lower index cotton price is lower, most of the quotations are below 13000 yuan / ton, and sales are more difficult.

Real estate cotton prices rose slightly after the holiday, the 3128 class lint sale price was 13100-13200 yuan / ton, the 4128 grade lint sale price was 12700-12800 yuan / ton, and the 1228 grade lint sale price was 12800-12900 yuan / ton, all of which increased 100 yuan / ton compared with the pre holiday period.

According to a local cotton enterprise official, the cotton business at the end of this year lost the big umbrella of the national policy and increased the risk of operation. The seed cotton acquisition work was more cautious. Basically, it insisted on the strategy of selling production. If the market was not good enough, the sales of the enterprises were blocked, the enterprises temporarily stopped the purchase of seed cotton or slowed down the purchase work, and there was almost no inventory of lint, so cotton enterprises had no sales pressure at present.

Recently, with the upward trend of Zheng cotton futures market, most cotton enterprises have hedged in the futures market. In addition to the delivery month contract, the other contract quotations are all above 13300 yuan / ton. If the sale price of cottonseed is 1.13 yuan / kg, the loss is 3%, the processing cost is 1000 yuan / ton, and the conversion price is 1000 yuan / ton.

On the one hand, enterprises have low inventories and no sales pressure; on the other hand, there are channels for sales of enterprises, so cotton enterprises generally improve the sale price of lint, but at present, local cotton enterprises have not yet resumed seed cotton purchasing work, because the holiday atmosphere is still strong in the first month, and it is expected that the seed cotton purchase can only be carried out after the Lantern Festival.