Is There Any Confidence That The Peace Talks Will Start Again And The Market Will Wait For A Strong Atmosphere?

Market brief

Zheng cotton oversold rebounded, bulls added positions, the main contract short-term target 12600 place, concerned about the 10-11 day Sino US trade talks progress. Supported by cost and rising of Zheng cotton, the price of spot lint is slightly stronger, and lint is not traded in the mainstream. Xinjiang seed cotton purchase price stabilizes, local area rose slightly, recently the collection quantity has increased gradually, the cotton mill timely warehousing the public inspection, the industry is optimistic about the market outlook is not strong, some ginning factory mentality is cautious, still maintain wait-and-see. There is no obvious progress in the new cotton market in the mainland. The price of seed cotton is hard to fall. With the decline of cotton seed prices, the difficulty of cotton enterprises' operation is rising, and some cotton enterprises are basically in a state of shutdown. New cotton will soon be listed on the market, the supply of the market is rising sharply, and the inventory of textile enterprises is adequate. The intensity of short-term replenishment is not large, and the selling pressure of lint cotton is large. It is estimated that the spot price of cotton in short term will rise with limited space, and it is concerned about the impact of Sino US peace talks on cotton market.

The price of acrylonitrile is weak and stable. The contract price of Shandong plant in October is 12200 yuan / ton, the supply of acrylonitrile is expected to increase, the wait-and-see mentality is strong, the confidence of middlemen is not enough, the offer is going downwards, and some markets are in the vicinity of 12000 yuan / ton. The market is not low in price, and the spot trading is not enough. There is no obvious improvement in terminal demand. Acrylic fiber prices remain stable, downstream acrylic yarn prices are stable and weak, cotton mill sales rhythm is generally, manufacturers are not enthusiastic about raw material procurement, operators look empty mentality continues, but factory cost pressure continues, acrylic manufacturers continue to stabilize the offer, the market outlook continues to wait and see, it is expected that the short line acrylic fiber prices will remain stable.

In October 9th, the 2019 China Cotton Textile Conference and the fifth five member enlargement meeting were held in Wuhan, Hubei. With the theme of "seeking new changes, seeking change and development", the meeting discussed the Countermeasures for China's cotton textile industry in the context of the ever-changing macro and development situation at home and abroad, and how to promote the high quality development of the industry through the promotion of intelligent manufacturing. The leaders of the national development and Reform Commission, the China Textile Industry Federation and other provinces and cities' textile associations, industrial clusters and more than 350 representatives of the cotton textile industry participated in the conference. The meeting was at the centennial celebration of Yu Dahua in Wuhan. Speakers and representatives attended the congratulations to Yu Dahua. After the meeting, we visited the Wuhan Yu Dahua intelligent spinning production line and felt the charm of modern textile.

In September 23rd, the Organizing Committee of the China Textile Intangible Cultural Heritage Committee invited experts from the industry to form an expert review committee. In line with the principle of "fairness, justice, openness and commonweal", the two special activities of the third China Textile intangible cultural heritage conference, namely, "the first creation cup", the 2019 annual Chinese textile heritage Promotion Ambassador and the three China Textile heritage conference souvenir design collection were evaluated. The third China Textile heritage conference will be held in Kunming college in from November 2nd to 4th. The theme of the conference is "opening up a new era of inheritance and development of textile heritage". The China Textile Federation will be held on the evening of November 2nd at the opening ceremony of the third China Textile Heritage Convention, held in Kunming on the evening of November 2nd, to unveiled and won the awarding ceremony of the "first cup" 2019 China Textile heritage Promotion Ambassador and the "first cup" design and souvenir design of the "first prize cup" of the China Textile heritage conference.

2019 the advanced training class of Lanmei textile and garment industry was held at Donghua University in October 9th. Nearly 30 textile and garment industry representatives from Kampuchea, Vietnam, Burma, Thailand and Laos have gathered in Shanghai to "learn from" the development experience of China's textile and garment industry. It is learnt that the seminar will focus on the development of modern textile technology, textile and garment industry upgrading and the sustainable development of China's textile industry through the rich curriculum forms such as thematic report exchange and field visits. The lecturers include professors and scholars from Donghua University, and senior experts from industry associations. The seminar aims to share the development experience of China's textile and garment industry in policy formulation, innovation and development, international layout, intelligent manufacturing, industrial cluster and social responsibility, so as to promote the common development of the textile and garment industry in various countries and promote the industrialization and economic prosperity of various countries along the border, thus laying the foundation for building a higher level and deeper level of cooperation in textile and garment industry.

According to reports, Changzhou Fire Department recently exposed a number of major fire hazard units. In the textile town of Hutang, located in Hutang town of Wujin District, the reporter saw that the fire facilities of many merchants were aging, and many of them were occupied by goods stacked. Firefighters told reporters that at present, the main fire hazards in the city are: the aging of fire facilities is serious, and there are no fire hydrants in many areas. The local roads are stacked by owners, and the fire control room facilities are paralyzed and no personnel on duty. Many underground garages are converted to warehouse rentals, and the fire shutter doors can not be properly activated. One phase of the ventilator ventilator fan control cabinet in the first phase of the civil air defense garage can only be activated and can not be controlled normally. Most of the shop alarm systems in the city are paralyzed, and there are lots of illegal buildings in the city. At present, the unit's hidden trouble rectification work has been submitted to the government to supervise the operation. The Hutang Textile City Investment and Development Co., Ltd., the responsible person promised, will ensure that the hidden danger rectification is in place within 3 years.

In September 29th, the business center of the long hair business was opened up, and the representatives of textile enterprises, representatives of business associations, brands, institutions and media attended the event. The long hair business center, as a textile and apparel trade and Exhibition complex with office, display and trade, has always been developing vision of "fabrics in Keqiao, selecting money to long hair", attracting more design masters and design elites into Keqiao, linking fashion creativity and local advantages, presenting Keqiao fabric's new vitality and enabling industrial upgrading. The formal opening of the empowerment layer is the new declaration of "regeneration" in the long hair business center. The long hair business center has an energy area of about 10000 square meters. Up to now, it has completed 95% entry.

Recently, the intelligent textile workshop made by Jiangsu Sunshine Group has also been formally put into production. The intelligent textile workshop put into production by Jiangsu sunshine group started planning in 2018, and imported the most advanced automation and intelligent production equipment. By May 2019, the workshop was formally put into production, with a total investment of 158 million. Compared with the traditional textile workshop, the intelligent textile workshop of Jiangsu Sunshine Group has achieved quality and efficiency in essence. The intelligent workshop has broken the fixed thinking mode of spinning and weaving workshop independently in the traditional worsted production process, and combined spinning and weaving together. Adopting the most advanced automatic and intelligent textile production equipment, the textile line production equipment is technically transformed to form an automatic and intelligent production line. Data show that after the commissioning of the intelligent textile workshop, Jiangsu sunshine group can increase output by 30%, save 50% of labor, and save 20% of energy consumption.

From the end of September to the beginning of October, cotton prices in Pakistan continued to decline, cotton prices rebounded and chemical fiber prices fell. In the week, the price of cotton yarn in Pakistan declined under the influence of the weak demand of textile mills, and the price of the main domestic varieties dropped by about 1%. Despite the increase in the rupee exchange rate and domestic cotton prices, the export quotas of Pakistan cotton yarn (US dollar price) remained stable. In the future, cotton prices in Pakistan may remain strong because large textile mills need to purchase large quantities of raw material stocks. In recent weeks, cotton prices in Pakistan rose by 8.7%, due to a marked lower than expected domestic cotton market. The rise in cotton prices has led to a decline in profits in Pakistan's cotton mill. In the past three weeks, although the price of raw materials has changed, Pakistan polyester cotton yarn and polyester viscose yarn have basically not changed. Polyester and short prices followed the price of raw materials, and 1.4D decreased by 1.58% per week. Due to the strong rupee exchange rate and the weakening of the RMB exchange rate, the import price has dropped to 0.90 US dollars / kg, prompting domestic enterprises to lower the quoted price. Meanwhile, the profits of polyester and staple manufacturers in Pakistan remained high, higher than the average in the first six months, and may further fall to a new low in the future. Polyester yarn demand is strong, price is strong, viscose staple fiber import price is stable, domestic price is stable.