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    In The Cautious Market, Why Does Polyester Staple Start To Explore? Bearish? Sticky Short Market Is Still Strong.

    2019/10/12 16:17:00 0

    Market Quotation

    Market brief

    Zheng cotton shock wait-and-see, stimulated by the good news of the peace talks, Zheng cotton rose with the outside market at the end of the day, and barely received the sun. In the spot, it is understood that the cost of picking cotton at present is 12500 yuan / ton, and the cost of picking cotton is about 13000 yuan / ton. There is little change in the domestic seed cotton market. It is difficult for real estate cotton to carry goods. Some cotton enterprises stop waiting and wait, and cotton farmers are reluctant to sell. Xinjiang seed cotton purchase price stabilized, cotton linen public inspection increased, but textile enterprises, traders purchase scarce, short-term cotton ginning factory to purchase, processing mainly, lint no mainstream transaction. With the rising price of seed cotton, the cost pressure of the cotton mill is increasing, the business risk is rising, and the acquisition of cotton enterprises tends to be cautious. Generally speaking, the cotton mills in the lower reaches are generally cautious in purchasing new cotton. From the basic point of view, cotton prices still lack kinetic energy and are concerned about the thirteenth round of consultations between China and the United States.

    The price of acrylonitrile continues to be weak, the supply side is expected to be empty, and there is no shortage of low price shocks. The acrylonitrile trader trader's offer continues to slide, while the downstream wait-and-see mentality continues, and the spot market is less traded. The spot offer is estimated at 11500-11700 yuan / ton, the market is hard to find, and the middleman trader's confidence is not enough, but there is no obvious pressure on the factory side, and the manufacturer's offer mentality is maintained. The short-term acrylonitrile market price is expected to be low. Acrylic fiber prices continue to be stable, terminal demand performance has always been general, golden nine silver ten peak season is not prosperous, downstream cotton mill orders situation is still not optimistic, raw material procurement enthusiasm generally, acrylic fiber factory deficit status continues, manufacturers trader initiative is not high, but acrylic fiber manufacturers cost pressures continue, manufacturers offer maintenance, short term acrylic fiber prices are expected to continue smoothly.

    On the first day, the Sino US negotiations ended successfully. When Trump left the White House for election in Minnesota, she called "I think it" s going really well. I will say, I will "," " Twitter is looking forward to meeting with Vice Premier Liu at the White House. Market rumors are more complicated. The mainstream view is that China and the US will reach a partial agreement instead of a comprehensive agreement. Officials of the US Chamber of Commerce say the United States and China may reach a limited trade agreement this week, which will prevent the increase in tariffs that President Trump plans to take effect this month and will set rules on how China manages the renminbi. People familiar with the matter pointed out that both countries hope that at least some progress will be made in the negotiations to prevent further escalation.

    According to the national cotton market monitoring system, the total output of cotton in China will reach 6 million 160 thousand tons in 2019, an increase of 0.9% over the same period last year, while the output of new cotton in Xinjiang is expected to reach 5 million 266 thousand tons, accounting for more than 85% of the total output of the country. At present, with the cotton entering the harvest season in Xinjiang, the price of cotton purchase this year has shown a stable trend.

    The Zhengzhou Mercantile Exchange issued the notice on adjusting the designated cotton delivery warehouse, which has been implemented since October 14, 2019. The announcement is as follows: first, add Xinjiang Huijin Logistics Co., Ltd., Xinjiang Yili Lude cotton and hemp Co., Ltd., China store cotton Wuhan Co., Ltd., China store cotton Rugao Co., Ltd., China store cotton Heze limited liability company as designated cotton delivery warehouse. When the futures delivery cotton of Huijin Logistics Co., Ltd. is cancelled in Xinjiang, if the railway is out of stock, Xinjiang Huijin logistics company will bear the short barge fee from the warehouse to Cousy platform. Two, suspend Nanyang red cotton storage Co., Ltd., Anhui Wuhu cotton and hemp Co., Ltd. designated cotton delivery warehouse futures warehousing business. Three, terminate the Xinjiang agricultural group north Jiang Nong Jiale Co., Ltd. designated cotton delivery warehouse qualification.

    In October 10th, the textile and clothing production project invested by 1 billion 500 million yuan by Zhejiang huding Group Co., Ltd. was officially settled in Yudu County, Jiangxi province. It is understood that the Zhejiang Hua Ding Group Co., Ltd., established in 2001, is affiliated to Huating Group Holdings Limited. It is a group company which mainly produces and sells women's garments. Its products are exported to Europe and the United States, and 20% is sold domestically. "Finidi" and "DNI" are two famous international brands of the group's domestic sales. After completion of the project, the new industry will bring new vitality to the development of the clothing and clothing industry in Yudu County, and can bring more than 3000 people to work.

    Recently, the website of the Hainan provincial market supervision and Administration Bureau released the results of the provincial supervision and spot check of textile and clothing products in 2019. Information shows that from June 11, 2019 to August 6th, the Hainan provincial market supervision and Management Bureau organized the provincial supervision and spot check of the province's textile and clothing products. The provincial supervision and spot checks involved 40 samples from 17 production enterprises (including 3 enterprises that failed to follow the supervision and inspection in the previous year), and the qualified rate of textile and clothing products was 97.5%. 1 samples were found to be unqualified (Haikou Tong Tong Mei Garments Co., Ltd. knitted student clothes and trousers were not qualified), and the detection rate of substandard products was 2.5%.

    Recently, the China Association for standardization issued the notice on releasing the first batch of pilot evaluation institutions to further expand and promote the pilot evaluation of good conduct of Enterprise Standardization (China Standard Association [2019]275), announces the list of the first batch of enterprises to conduct standardized evaluation of good behavior. After a series of screening and expert demonstration, Zhejiang textile testing and Research Institute successfully selected the first batch of enterprises to conduct standardized evaluation of good behavior, which is a new breakthrough in standardization work after the success of the provincial textile Survey Institute's entry into China's "silk quilt" enterprise standard leader evaluation agency. Next, the provincial textile Survey Institute will carry out evaluation activities in strict accordance with the "guidelines for the evaluation and management of good conduct of enterprise standardization", and continuously promote standardization to play an active role in industrial upgrading, quality upgrading and status upgrading. It will serve the high quality development of Zhejiang textile industry and consumers' high quality life, and contribute to the new era of Zhejiang's textile industry entering the fashion industry.

    In order to further implement the guidance of the State Council on deepening the integration development of manufacturing and the Internet (No. 2016] 28, in conjunction with the notice of the general office of the Ministry of industry and information technology on organizing the declaration of the "double innovation" platform pilot project in 2019 (Letter No. 146 of the office of industry and Commerce), after the enterprise's self declaration, local recommendation and expert evaluation, the Ministry of industry and information technology approved the 137 projects of the "double creation" platform for the manufacturing industry in 2019, based on the 137 projects of the dual service platform based on the globalized, customizable, full value chain, and fast food industry internet platform. Among them, Anhui Huamao textile Limited by Share Ltd, Jihua 3502 Professional Clothing Co., Ltd., Hong Jie underwear Limited by Share Ltd project was selected as the enterprise "double innovation" resource convergence platform.

    According to ISNA reported by Iran, 11, an oil tanker exploded near Iran's Jeddah in the Saudi port. The ship was seriously damaged and a large number of crude oil flows into the Red Sea. Reported that the explosion of the tanker belongs to Iran national gas company, the explosion occurred when the tanker away from the Saudi port city of Jeddah (Jeddah) 60 miles of sea. An unnamed source told the Iran student news agency that the explosion caused serious damage to the tanker, causing two oil tanks on the tanker to be damaged, and oil is leaking into the Red Sea. Fortunately, no crew member was injured. After the attack of Iran oil tanker was exposed, oil related breeds were heard, and oil prices rose. INE crude oil suddenly pulled up, or increased from 1% to 3%, closing up 3.21%. Brent crude oil rose in a straight line, breaking through the $60 mark at one stroke; New York crude oil and WTI crude rose by 1.7%. At the same time, as the explosion involves the geopolitical situation in the Middle East, the risk aversion is heating up, and gold and silver have both pulled up from short to high.

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