Raw Materials Are Down, Yarn Prices Are Falling, Raw Materials Are Rising, Yarn Prices Are Watching, And The End Of The "False" Peak Season Is Still Weak.

Market brief

Zheng cotton concussion fell slightly, lack of peripheral news good stimulation, short city zhengmian shock market continued. As the cost of cotton lint is promoted, the price of some varieties has increased slightly. With the cotton harvest coming to the end, the cotton seed harvesting phenomenon is more common. The cost of cotton seed mills is more common, the risk of seed cotton is increasing, the seed cotton prices continue to rise steadily, the picking rate of cotton picking is close to the tail, the seed cotton supply is reduced, the purchase amount of the cotton mill is reduced, and most of the cotton mill purchases are less than the same period last year. In terms of imported cotton, the market turnover is also slack. Traders are not enthusiastic in their operation. They wait for a short time and wait for the market to improve. In the short term, the listing of cotton lint has increased significantly, the supply side pressure is greater, and the downstream textile enterprises are mainly waiting and watching. We expect that the price of lint will continue to rise slightly under the cost push, and we will pay more attention to the further guidance of Sino US trade relations.

The price of acrylonitrile continues to be weak, and the factory is closing soon. The middleman's cost is expected to be slightly higher. At present, there is little intention of selling at low prices, while the main demand for the next tour is to wait for the goods to take place. The price of the new factories will continue to exist, and the market price will continue to exist. The spot price in some areas is slightly chaotic, the demand side is relatively stable, and the supply is gradually increasing. The price of acrylonitrile will continue to be weak. Acrylic fiber prices continue to be stable, the market no new news guidelines, downstream cotton mill orders are not optimistic, manufacturers of acrylic fiber price trend to see the air atmosphere continues, raw material acrylonitrile prices continue to decline slightly, acrylic fiber cost support has weakened, but the end of the month is approaching, manufacturers reported maintain high temporary stability, the market wait-and-see atmosphere is strong, it is expected that the short-term acrylic fiber prices will continue stability, pay attention to factory monthly price.

According to the data released by the National Bureau of statistics in October 18th, in September 2019, the industrial added value of above scale increased by 5.8%, an increase of 0.72%. Among them, the textile industry grew by 0.6%, and chemical raw materials and chemical products manufacturing increased by 3.3% over the same period last year. According to the regional perspective, in September, the added value of the eastern region increased by 5.2%, the central region increased by 7.5%, the western region grew by 8.2%, and the northeast region grew by 3.6%. In September, the sales rate of industrial enterprises was 98.8%, down 0.1 percentage points from the same period last year. The export value of industrial enterprises reached 11704 billion yuan, down 0.7% from the nominal level. In 1-9, the added value of above scale industries increased by 5.6% over the same period last year.

In the morning of October 19th, the annual output of 30 thousand tons of Lu Bao nylon 6 short fiber project was formally put into operation. This is the largest nylon 6 short fiber project in the world at present. Its completion and commissioning has made the dream of black coal conversion to produce high end white synthetic fiber come true. It has pioneered the production of synthetic fiber from coal based raw materials, and has added a new chapter to the comprehensive energy reform in Shanxi Province. Lu Bao group is one of the largest coal and coke enterprises in Shanxi province. They cooperate with the Sanlian Hong Pu company, which has an international standard, and has implemented caprolactam, nylon chips and other high-end coal chemical projects successively. With the advanced technology and equipment level, the shortest construction cycle and the international level of zero discharge, the high quality synthetic fiber project has been built.

Xinye textile yesterday released its third quarter report in 2019. The announcement showed that the revenue of 4224730008.38 yuan during the reporting period was 10.98% lower than that of the previous year. The net profit attributable to shareholders of listed companies was 204374731.05 yuan, down 35.61% from the same period last year. Up to the end of the reporting period, the net assets of Xinye textile belonging to shareholders of listed companies were 4054013493.06 yuan, an increase of 3.82% over the end of last year, and net cash flow from operating activities was 914931485.05 yuan, up 88.23% from the end of last year. The net cash flow generated by business activities in 2019 1-9 increased by 88.23 compared with the same period last year, mainly due to the decrease in cash payments paid by companies for the purchase of goods. Statistics show that Xinye textile main business is engaged in the production and sale of medium and high grade cotton textiles, the main products include grey fabric series products and yarn series products.

Wei Qiao textile announced that it had renewed the power supply agreement with the parent company Shandong Wei Qiao venture group. It will continue to supply super power to the parent group for a period of 3 years from January 1, 2020 to December 31, 2022. The terms and conditions of the renewed super power supply agreement are basically the same as those of the original super power supply agreement. According to the announcement, the benchmark price of raw coal is 454.35 yuan per ton (including VAT), which is determined according to the price of raw coal purchased by the group in September 2016. Accordingly, the group will provide the parent group with a base price of over 0.37 yuan per kilowatt hour (including VAT).

On 14-15 October, the 2019 senior seminar of Lanmei textile and garment industry development seminar, Jiangsu Zhangjiagang textile and garment industry development forum, and Zhangjiagang enterprise cluster research activities were successfully carried out in Zhangjiagang city. As one of the important activities during the seminar, in the two days of the seminar, 30 participants from Kampuchea, Laos, Burma, Thailand and Vietnam demonstrated the achievements and investment achievements of the excellent textile and garment enterprises in China and the excellent textile and garment enterprises in China in the form of discussion and field visits. At the same time, through field visits, we have deepened our understanding of the development process of China's textile and garment industry and the understanding of the connotation of "Lan Mei cooperation", and provided opportunities for further cooperation and win-win cooperation between the textile and apparel industry chain and value chain in the LAN Mei region.

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According to Bangladesh's financial bulletin October 20th, according to the Asian Development Bank's outlook for 2019, it is predicted that in the next 2 years, the gross domestic product of Bangladesh will grow by 0.23% because of the Sino US trade war. Because Bangladesh's exports to the United States will increase, fashion brands may shift their production facilities from China to Asian countries including Bangladesh. Chinese manufacturers may also shift their production lines to lower cost countries in South Asia and Southeast Asia, and the prospect of Bangladesh's garment manufacturing industry is optimistic.

According to the Jordanian times, MuneerDeyeh, chairman of the textile and garment Federation, said last Thursday that many clothing and footwear shops in Jordan had declared bankruptcy in the two months of September and October. The textile and garment alliance called on the government to reduce sales tax and immediately reduce sales tax from 16% to 8% to save Jordan's struggling garment industry. Chairman Deyeh believes that reducing sales tax will help revive the market, improve people's purchasing power, promote cash flow and reduce sales taxes, profits and benefits. Reducing sales tax does not mean that government revenue will decrease; conversely, it means that the cash flow in the market will increase accordingly, thereby improving the economy and increasing gross domestic product. The current sales tax rate has made it hard for a large part of the people to buy basic necessities, which is a deterioration of the market business environment. Therefore, we need to take measures as soon as possible to allow Jordan's most important garment industry to restore its vitality as soon as possible before more companies and companies in different industries go bankrupt.