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    Raw Materials Continue To Weaken, And Market Atmosphere Is Renewed.

    2019/9/25 13:37:00 0

    Market Quotation

    Market brief

    In September 24th, 11871.9439 tons of resources were sold out of the cotton reserves, with a turnover of 11340.0919 tons, with a turnover rate of 95.52%. The average transaction price was 12079 yuan / ton, down 62 yuan / ton compared with the previous trading day, and the price of 3128 yuan was 13250 yuan / ton, down 131 yuan / ton compared with the previous day. Xinjiang cotton trade average price of 12458 yuan / ton, Xinjiang cotton discount 3128 price 13602 yuan / ton, Xinjiang cotton price increase 882 yuan / ton. The average price of real estate cotton is 11809 yuan / ton, the price of real estate cotton is 3128 yuan, 12999 yuan / ton, and the increase rate of real estate cotton is 279 yuan / ton. From May 5th to September 24th, the cumulative turnover of cotton reserves totaled 955 thousand and 200 tons, with a turnover rate of 86.36%.

    Because of the low price of new flowers and the sharp fall of Zhenghua cotton, the industry's mentality has become more cautious. The spot market, new flowers have been listed on the market, the new market has been mixed up with the market, and the Sino US trade talks are coming soon. The enterprises are watching more. The orders of some downstream textile enterprises have improved, but they are still in the out of stock stage. In addition, the supply of reserve cotton and Xinjiang cotton and imported cotton is abundant. Xinjiang and the mainland picking cotton picking gradually increased, because the acquisition of resources in Xinjiang is mainly used for processing cotton, cotton ginning enterprises are not expected to purchase the cotton spinning production at the later stage, and with the sharp fall of Zheng cotton, the wait-and-see atmosphere of the market is heating up again, and the price of the goods will fall down, which will drive the spot price of lint down, and the profits of the enterprises will be squeezed. A large number of machine picked cotton will be on the market in Xinjiang.

    The price of acrylonitrile has been maintained at high prices. The monthly report of the mainstream factories has basically met the market expectations. The price of the Shandong plant in September is 12000 yuan / ton, and the retail retail offer is temporarily referred to 12500-12800 yuan / ton. At the end of the month, the number of goods held by the retailer is very few, the order sales are the main ones, and the spot retail market is very scarce. There is no shortage of high price quotations in the market. Acrylic fiber prices continue to stabilize, raw materials acrylonitrile plant high price monthly, acrylic fiber cost surface pressure is not reduced, and downstream demand performance in general, acrylic fiber market trading rhythm continues to be tempered, acrylic fiber prices are in a dilemma, the factory production rhythm is relatively stable, production and marketing basically balanced, inventory control, short-term acrylic fiber manufacturers are expected to continue to stabilize prices.

    On the 25-27 th of September, the world's largest professional textile exhibition, Intertextile autumn winter noodles accessories exhibition, jointly sponsored by the textile industry branch of China Council for the promotion of international trade, the China Textile Information Center and Frankfurt Exhibition (Hongkong) Co., Ltd., will be presented again at the National Exhibition Center (Shanghai). This exhibition is dominated by 4.1, 4.2, 5.1, 5.2, 6.1, 6.2, 7.1, 7.2 and 8.1 exhibition hall. With an area of over 236000 square meters, it will bring together super exhibitors from China, Korea, Italy, Japan, the United Kingdom, Germany, India, Pakistan, Turkey, France, the United States, Switzerland, China Taiwan, China Hongkong and other 33 countries and regions to jointly open a global textile industry event.

    In September 20th, the Tenth China International Petrochemical conference and the global petrochemical Leaders Forum were held in Hangzhou. The delegates launched a brilliant dialogue on the high quality development of the petrochemical industry and the construction of the global value chain. Zhao Rifeng, vice president of Sinopec, chief executive officer of LG chemical, Xin Xuezhe, Hu Zhongming, chairman of the giant group and chief executive of the Cabot Corporation, Ke sang en, also made a keynote speech respectively. In the high-end interview session of the general assembly, Long Yongtu, the chief negotiator of China's accession to the WTO and vice minister of the Ministry of foreign trade and economic cooperation, and the leading figures of the Chinese and foreign petrochemical industry, launched a dialogue on the theme of building the global value chain. Long Yongtu concluded that there are some trends of counter globalization and trade protectionism, but the linkage development of the global industrial chain is still a major trend. We should continue to strengthen international exchanges and cooperation among all sectors of the industrial chain, and constantly push the industry from low end to middle end and high-end to adjust and upgrade according to the development of global economy.

    From September 27th to 28, China will hold a forum on copyright protection of textile fabrics in Keqiao. It is revealed that during the forum, not only will the process and achievements of the copyright protection of China Textile City be focused on, but also will be jointly sponsored by textile provinces such as Zhejiang, Guangdong, Jiangsu and Shandong, and the four provincial fabric protection alliance cooperation mechanism will be signed, and the national intellectual property project will be held. "With the accumulation of copyright protection experience for more than 10 years, we will publish the first time the China Textile City pattern copyright database center and the pattern comparison system, which will integrate the copyright and the Internet, and achieve cross regional registration and protection, so that each pattern can be extended to a more precise protection." The person in charge of the Bureau said that this can better encourage original design and boost the development of light textile market to high quality and high additional, and move towards the international market.

    China Textile Import and Export Chamber of Commerce 23 revealed that in July, China's domestic textile exports increased significantly, reversing the negative growth situation since this year. In the month of July, China's home textiles exports amounted to 2 billion 640 million US dollars, up by 10.6% over the same period last year. In 1-7 months, household textiles in China totaled 15 billion 210 million US dollars, an increase of 1.4% over the same period last year. Among them, bedding, curtains, kitchen textiles have maintained growth, towel exports have dropped significantly. Textiles on the bed are the main products of home textiles export, and exported 6 billion 650 million US dollars in 1-7 months, up 3.3% over the same period last year. Over the same period, the export of kitchen textiles, table fabrics and curtains increased rapidly, with an increase of around 10%. In addition, towels decreased significantly, falling by 13%, and carpet tapestries decreased by 4%. The industry said that in the face of the changing international economic situation, the opportunities and challenges of China's home textiles exports will coexist in the future.

    In September 23rd, the Ministry of industry and Commerce issued a public consultation on the guiding opinions on promoting the development of the elderly products industry. It was put forward that the overall size of the elderly products industry will exceed 5 trillion yuan by 2025. The main development directions include elderly food, medicines and medical devices, health management products, textile and clothing, daily life appliances, electronic and electrical appliances, etc. On the same evening, with the approval of the State Council, the Ministry of Civil Affairs issued the opinions on further expanding the provision of pension services to promote the consumption of pension services, and proposed the all-round optimization of effective supply of pension services, the prosperity of the elderly products market, and the cultivation of new forms of pension services consumption.

    On the afternoon of September 22nd, a train carrying textiles, auto parts and building materials, from the Hubei free trade zone Xiangyang Area Golden Eagle heavy industry railway freight yard, to Shenzhen Yantian port, and then shipped to Chile, Canada, Thailand and other countries. Since then, a new rail and sea intermodal international freight corridor has been added from Xiangyang to South and following Xiangyang to Qinzhou. "The international freight corridor between Xiangyang and Shenzhen is safe, stable, efficient, fast and environmentally friendly. The cost of transportation is lower than that of road transportation, and the logistics cost can be reduced by about 20%." The head of the cotton textile industry of a textile enterprise in Yicheng said that their products will be transported to North America and South America by this train.

    According to Vietnam's Ministry of industry and trade, many products of Vietnam garment factories have a large market in the United States, but over the past few months, overseas buyers have been delaying the procurement of Vietnamese products. Although the United States impose tariffs on Chinese products, China is still the largest source of textile imports in the United States. China's textile industry has huge production capacity, and its products have room for price reduction, while Vietnam and India have small industrial scale and continuous production costs. The uncertainty of US trade policy forced buyers to delay purchases from Vietnam. At the same time, China's continued cotton production has reduced the production costs of textile mills, while Vietnamese products are facing fierce competition. In order to avoid backlog, Vietnam's currency has been showing signs of devaluation. South Korea, Japan, Egypt, Turkey, Philippines, Taiwan and other markets still have orders, but the number is very small, and prices are also falling. In the medium to long term, the trade deficit between the United States and Vietnam will continue to expand, and Vietnam's textile and clothing export prospects are not optimistic. Moreover, as textile production begins to shift to Vietnam, garment factories compete fiercely for recruitment, resulting in rising labor costs. Compared with China and India, Vietnam can neither depreciate the currency nor produce its own chemical fiber products. Therefore, the export of Vietnamese yarn is facing difficulties.

    India, September 23rd, a senior industry official said that cotton production in 2019/20 may jump from 20% to five years earlier than the previous year. As the largest cotton producer in the world, India's output will weigh on domestic cotton prices and force the government to buy them from the farmers at a mandatory price. Khandesh Ginning and Pressing Factory chairman of the association of owners and traders Pradeep Jain said that India 2019/20 annual cotton production will reach 37 million 500 thousand packages, the previous year was 31 million 200 thousand packages. "Because of good rainfall, the yield per unit area may be even higher," he said.

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