Sticky Short Innovation Low, Short And Short Cotton Is Also Low, The Demand For Recovery Is Not Heavy, Light And Light.

Market brief

In September 4th, 11894.5853 tons of resources were sold out of the cotton reserves, with a turnover of 10939.6264 tons, with a turnover rate of 91.97%. The average transaction price was 11616 yuan / ton, down 58 yuan / ton compared with the previous trading day, and the price of 3128 yuan was 12959 yuan / ton, up 126 yuan / ton compared with the previous trading day. Xinjiang cotton trade average price of 11740 yuan / ton, Xinjiang cotton discount 3128 price 13189 yuan / ton, Xinjiang cotton price increase 854 yuan / ton. The average price of real estate cotton is 11424 yuan / ton, the price of real estate cotton is 3128 yuan, 12603 yuan / ton, and the increase rate of real estate cotton is 268 yuan / ton. From May 5th to September 4th, the cumulative turnover of cotton reserves totaled 803 thousand and 200 tons, with a turnover rate of 84.25%.

Zheng cotton concussion rose, many small added positions, short-term Zheng cotton shock market unchanged. As for the lint spot market, the price is temporarily stable, and the price of the new cotton or Chen cotton market is still light, and the price trend is still under pressure. As the Xinjiang cotton market is coming soon, the market is concerned about the growth of Xinjiang cotton and the situation of opening up the scales. The local cotton mill has begun to process, the price of the cotton spun cotton is 12600-13000 yuan / ton, the price of the four grade cotton is quoted at 11300-12000 yuan / ton, the quality is uneven, the price of the cotton lint is relatively chaotic, the demand for the terminal cotton has not been improved obviously, the spinning enterprises still use the reserve cotton as the main product, the storage cotton wheel has risen steadily, and the short-term market favorable guidelines are not enough.

The price of acrylonitrile is narrow and warm, and the downstream users are mindless. However, there is only a few factories in the stock market, which supports businesses' mentality. There is still no clear information about the new installations. The downstream factories just need to receive the supporting plates. The market's sporadic high-end offer has also been heard, and businesses offer different prices. The short-term market price of acrylonitrile will remain sideways. Acrylic fiber prices remain stable, and terminal demand has no positive guidelines. Acrylic fiber market is generally traded, factory production and marketing are temperate, enthusiasm for starting is not high, but raw materials are warm and volatile. Acrylic fiber factory offers a stable mentality. It is expected that the price of short acrylic fiber will remain stable.

In September 1st, China imposed a tariff of 5% to 10% on the US $75 billion commodity (a 5% tariff increase to the US bean) and the 15% tariff of the first batch of US tariffs on China. But at present, the 5% increase in the US side is not very high. According to foreign media reports, Trump was annoyed at the Chinese counterattack in August. The first reaction was to notify its assistant of the White House to double the tariff on China. Later, it was stopped by finance minister Mnuchin, trade representative lettse and CEO of the joint venture, warning of the impact of the move on the US stock market and the US economy. Then it changed to an additional 5% duty on China's 550 billion commodities, of which 250 billion increased from 25% to 30%, while the remaining 300 billion rose from 10% to 15%. On Tuesday, Trump said he would take more aggressive trade measures with China if he won the election next year and did not reach an agreement between China and the United States. The original is: Deal would get MUCH TOUGHER! (the agreement will be more difficult to achieve). At the same time, China and the US are also keeping in touch. At 20:28 pm on September 3rd, Xinhua news agency said that the 3 member of the Political Bureau of the CPC Central Committee and vice premier of the State Council, Liu He, met with the co chairs of the US China working group, Senator Daynes and Senator Padu. It is difficult to see from the short press release that there is any new progress in the Sino US negotiations, and the market's response is flat.

The reporter learned from the Economic Crops Research Institute of Xinjiang Academy of Agricultural Sciences that the cotton in North Xinjiang will not be picked until late September. The artificial cotton picking in the southern Xinjiang is expected to be picked up after September 10th. The target price of cotton in 2019 was 18600 yuan per ton. According to the statistics of the autonomous region statistics bureau, in 2018, the cotton planting area in Xinjiang reached 37 million 370 thousand mu, an increase of 12.4% over the previous year, and the output of cotton in Xinjiang reached 5 million 111 thousand tons, an increase of 11.9% over the previous year, accounting for 83.8% of the whole country, and the cotton output reached a new high.

According to monitoring, in August, the market of Anhui pure cotton yarn continued weak market. Most small and medium-sized textile enterprises ceased production, limited production led to a decline in raw cotton consumption, and the number of enterprises involved in bidding for national cotton stores decreased, and the volume of state-owned cotton storage declined sharply. Most textile enterprises have lower transaction prices, and the market turnover atmosphere is light. At present, textile mills generally believe that the market is hard to get better in the short run, dare not increase the stock of raw cotton, and do not dare to affect capital turnover due to excessive stock of cotton yarn. According to the results of the bid auction of cotton reserves, 5 textile enterprises in Anhui participated in the auction of cotton reserves in August, a decrease of 4 compared with July, a decrease of 44.44%, and the auction of cotton reserves by 1789.629 tons, a significant reduction of 2903.921 tons compared with July, with a reduction of 61.87%. At present, the raw cotton stock of the spinning enterprises in the province is generally around 20 days. Due to the decline of cotton production per month, and at the same time, through the price reduction, most of the textile mill's cotton yarn inventory has been reduced from last month, and the stock is generally in a month or so. Only a small number of pure cotton yarn produced by the air spinning enterprises are in short supply, and the stock of cotton yarn is small.

The prosperity monitoring results of China Textile and textile circulation branch show that in August 2019, the national textile and garment professional market managers' prosperity index was 49.73, an increase of 0.27 percentage points from 49.46 in July, and the professional market business climate index was 50.93, up 1.76 percentage points from 49.17 in July. In September, the professional market will soon usher in the selling season. Managers and merchants are more confident of sales in September.

Kashi textile and garment industry, which is actively integrating traditional culture with modern elements, is becoming an important production base of textile and clothing in Xinjiang. Kashi is one of the main producing areas of high quality cotton in China. Abundant cotton resources and unique geographical advantages have attracted many domestic textile and garment enterprises to invest in Kashi. The booming textile and garment industry has also effectively promoted the employment of the rural surplus labor force, and has absorbed 81277 jobs. It is understood that as of now, there are 513 textile and garment enterprises in Kashi. The production range covers more than 30 varieties, including cotton yarn, weaving, clothing and home textiles. The garments are exported to many countries such as the United States, Russia, Italy, Pakistan, Brazil and so on. The annual output value is over 1 billion 500 million yuan.

Recently, China Textile Machinery (Group) Co., Ltd. and Pingshan County of Sichuan reached a cooperation on the "Heng Tian Yibin intelligent spinning industrial park project", and set up an intelligent spinning industry park with a total scale of 3 million spindles in Pingshan County. Pingshan County and China spinning machinery group jointly build "five centers and one platform" in the industrial park to provide the best service and guarantee for the enterprises in the park. The strong combination of resources, integration of policies, equipment, technology and factor costs and other resources, after the completion of the project, will become the country's largest intelligent spinning industry park. Pingshan County is Yibin City, Sichuan province. In recent years, the industrial park has become the national textile industry transfer demonstration park relying on the advantages of complete industry support, low cost and preferential policies. The contracted spinning capacity is 3 million 400 thousand spindles (1 million ingots).

Recently, on the basis of the highly valued and concerted efforts of Intelligent Company, the project of Heng Tian Yongan, one of the two spinning intelligent chemical plant projects in 2019, was successfully checked and accepted by three parties. Xiayi County of Henan province is located at the junction of four provinces of Henan, Shandong, Jiangsu and Anhui provinces. The radiation effect is very obvious. The smooth implementation of the project will bring good demonstration and impetus to the transformation and upgrading of the textile industry in Henan.

In August 29th, representatives of the Kampuchea trade union and Kampuchea garment manufacturers met with officials of the Ministry of labour. In September, the parties will discuss the final decision of the National Minimum Wage Commission in October before deciding how much clothing and shoemaker workers should get in 2020. At present, the minimum wage for workers in clothing and shoe factories is US $182. In 2018, the minimum wage for workers was US $170. Labour minister Yi Sen Xing said that the parties should put forward a reference figure in September and consider economic growth, such as inflation and market competitiveness. It is predicted that the minimum wage will be increased to at least 200 dollars.