China Chemical Fiber Industry Association'S "13Th Five-Year"

It is reported that the China Chemical Fiber Industry Association has completed the formulation of the "13th Five-Year development plan" of the chemical fiber industry, which has been reported to the Ministry of industry and information.

According to the Shanghai securities news, the chemical fiber industry is the upstream industry of the textile industry. At present, there is a serious overcapacity.

According to the draft plan, the average annual growth target of China's chemical fiber production will be adjusted to 3.6% during the "12th Five-Year" period from 13th Five-Year to 12th Five-Year.

The association said, "the slowdown is based on the original adjustment far higher than the international growth rate.

Even 3.6% will be slightly higher than the international average.

In addition to deceleration, the plan also encourages enterprises to merge and restructure and exit orderly, so as to resolve excess capacity.

"At present, there are many world-class enterprises in the chemical fiber industry, but there are many SMEs.

To improve industrial concentration, there is no need for too many enterprises.

The association said.

Experts say

The development has not been able to extend the way of growth in the past, but to carry out the pformation and upgrade, extending to R & D, design, brand, marketing, service and so on. The mode of production is flexible.

Digitalization, refinement and pformation of green production.

To this end, the "planning" plan, "13th Five-Year" goal is that the proportion of industrial use of chemical fiber increased from the current 28% to 33%, high-performance fiber production capacity reached 260 thousand tons, bio based fiber effective production capacity of more than 900 thousand tons.

"The favorable condition is that the core technology breakthrough during the '12th Five-Year' period.

The improvement of manufacturing equipment and technology, and the formation of the application consensus of the whole industry chain synergy innovation have laid a solid foundation for the development of industrial fiber in 13th Five-Year.

Experts say.

The association proposes that in the next five years, the implementation of the "China made 2025" national strategy and the "Internet plus" action plan will continue to expand in the areas of pportation, new energy, medical and health, infrastructure, safety protection, environmental protection, aerospace and other industries.

With the continuous expansion of fiber application and consumption capacity, the market space and growth potential of industrial textiles will be further released.

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Domestic cotton market prices continued to decline slightly, of which the average price of the national cotton price A index (CNCottonA) representing mainland 2129B cotton prices was 12962 yuan / ton, down 45 yuan / ton compared with last week, and the average B price index (CNCottonB) of the national cotton price on behalf of the mainland 3128B cotton price was 12280 yuan / ton, down 76 yuan / ton.

After the Lantern Festival, the number of cotton enterprises started to increase gradually. A few cotton enterprises in some cotton areas began to buy seed cotton, and the three purchase price of white cotton was about 2.7 yuan / kg, down by 0.10-0.15 yuan / Jin before the Spring Festival.

Affected by the global stock market crash and the fall of commodity prices, and with the news of the reserve cotton coming out of the warehouse, the cotton price has fallen down. From the market purchase and sale situation of the week, the textile enterprises have made many inquiries, but the turnover has been few. Among them, the 3129 class pick-up price is about 12500 yuan / ton, and the 4129 level is 12000 yuan / ton. The sub enterprise says that the cost of the cotton has now been upside down by 400-500 yuan / ton.

When the textile enterprises started to start increasing in succession, the startup situation was better than expected, but it was restricted by the declining cotton market, and the sales of finished products of textile enterprises were difficult. Some enterprises continued to cut prices by 100-150 yuan / ton, of which the price of the combed 32S was 19500-19700 yuan / ton, and 40S was 21900-22100 yuan / ton, but the order was scarce.

Because of the strong atmosphere in the market, cotton is still likely to continue to fall, and textile enterprises are mostly waiting for raw materials to purchase.

According to statistics from the General Administration of customs, China imported 95 thousand and 600 tons of cotton in January 2016, a decrease of 92 thousand and 300 tons, a decrease of 49.20%, a decrease of 65 thousand and 600 tons, a decrease of 40.71%, and a net import of cotton yarn of 135 thousand and 700 tons, a decrease of 14.23% compared to the same period, a decrease of 25.05% over the same period last year.

In terms of futures market, Zheng cotton continued to be weak in recent days. In February 24th, all contracts fell broadly. The main contract CF1609 increased volume, and the price slowly oscillating. The lowest point was 10290 new lows, and CF1701 contract night market was below the 10000 yuan mark.

ICE futures have also fallen recently. On the 24 day, the main contract was low again, and the contract fell to 1 cents.

China's huge reserves to stockpile the pressure on global cotton prices, there are no many factors in the fundamentals, short-term market will be dominated by consumption, weak pattern or continue.