Seed Cotton Is Now At A High Price, And The Sticky Short Will Be Raised Again. Will The Overhaul Be Tight?

Market brief

Zheng cotton "V" reversal, long small added positions, message calm, Zheng cotton short line to maintain the shock market. The seed cotton market has maintained a strong trend. With the rising price of seed cotton, the cost pressure of the cotton mill is becoming high, and the purchasing mentality has become cautious. But according to the news, the price of seed picking cotton in the North Xinjiang is in an endless stream. According to the analysis, the cotton harvesting speed is fast this year. Some cotton ginning factories do not reach the planned purchase quantity, and begin to raise prices and rush to collect. Because the price of seed cotton is relatively low in the early stage of this year, the profit of cotton enterprises is relatively low, and the processing profit of cotton enterprises is acceptable. The demand for the downstream market is hard to improve in the near future. The new cotton owners take the old customer orders, and most of the cotton enterprises are hard to sell. The wait-and-see mood is not reduced, the new cotton sales pressure is high and the profit margins are insufficient. Short term cotton prices will continue to be stable and strong in the support of cost. 1707

Acrylonitrile prices remain weak and consolidated, factory monthly price has not yet been clearly defined, business costs are expected to be higher, part of the low price is reluctant to sell, and the supply is increasing, the downstream users are mindless and mindless, the spot retail market is flooded with low prices, the market is cautious and just needs to be traded, and the acrylonitrile plant maintenance plan later, the market supply will be significantly reduced, the market price will have certain support, and the acrylonitrile market is not at risk of falling deeply. It is expected that the short market will maintain weak shocks. The price of acrylic fiber continues to be stable, the downstream users are not buying enough gas, the market outlook is continuous, the purchasing enthusiasm is not high, the acrylic fiber factory has a stable mentality, but the cost of acrylic fiber is expected to stay down.

The US Department of Commerce issued a notice recently that it will start the elimination procedure for China's 300 billion dollar plus tariff list since October 31st. From October 31, 2019 to January 31, 2020, U.S. interested parties may apply to USTR for exclusion. The information to be provided includes the substitutability of relevant products, whether they have been subject to anti-dumping and countervailing duties, whether they have important strategic significance or are related to industrial policies such as made in China 2025, etc. If the exclusion application is approved, the duties already imposed since September 1, 2019 can be returned retroactively.

By the 24 point in October 20, 2019, 573 cotton processing enterprises in the whole year of 2019 cotton processing cotton according to the requirements of the cotton quality inspection system reform plan, and carried out notarization inspection. The inspection volume reached 1934924 packages and 437 thousand and 438 tons. Among them: Xinjiang: 541 processing enterprises, notarization inspection of 1890434 packages, 427 thousand and 414 tons. Mainland: 32 processing enterprises, notarization inspection of 44490 packages, 10 thousand and 24 tons.

In October 18th, BP signed a memorandum of understanding with the Zhejiang Petrochemical Company Limited. It will jointly build and operate an acetic acid plant with an annual output of 1 million tons in the East China region with a 50:50 investment ratio. The joint venture plant will be located in Zhoushan City, Zhejiang province. BP technology will be used to produce acetic acid. Acetic acid, as an intermediate chemical product, is widely used for the production of paints, adhesives and solvents, as well as the production of PTA (terephthalic acid). BP has always been the world's leading PTA producer. The new plant will be located in the integrated system Park of Zhejiang petrochemical in Zhoushan refining and petrochemical production, which will also be the largest acetic acid production facility in the world in BP. BP said that China is the world's largest consumer market for acetic acid, which accounts for about half of the world's acetic acid production. BP has been rooted in the Chinese market for a long time, and now has many petrochemical facilities in China, including two acetic acid joint ventures.

In October 21st, relying on relevant trade associations, the people's mediation committee of Dongguan wool textile industry association, the people's mediation committee of Dongguan wool textile designers association, the people's mediation committee of Dongguan Textile Machinery Industry Association, and the people's mediation committee of Dongguan textile yarn Association, a total of 4 industry regulatory committees were set up, indicating that Dalang town has taken a solid step forward in strengthening the people's mediation work and constructing the "great mediation work pattern". Wool textile is one of the pillar industries in Dalang town. There are more than 10000 related enterprises in the town, with a detailed division of labor and a large number of employees. In recent years, contradictions and disputes have been showing a trend toward concentration in the sub sectors. 4 industry regulatory committees came into being. With the operation mechanism of "centralized guidance, timely diversion, mediation leading and linkage resolving", they assumed the mission of concentrating and disposing the central functions of the contradictions and disputes in the wool textile industry, and quickly resolved the disputes and disputes between the wool textile industry, such as the quality of goods, the disputes over payment, and so on.

In October 21st, the new Institute of graphene textile materials and industrial application was officially opened in Xi'an. The Institute is jointly built by Xi'an Polytechnic University and Xi'an Silk Road graphene innovation center. It aims at giving full play to the resource advantages of both sides, working together to develop new materials and new technologies for graphene textile, promoting the transformation and application of scientific and technological achievements, and training talents for science and technology in related fields, and promoting the sustainable development of new materials and industrial applications of graphene. The Research Institute will also build a platform for the application and extension of graphene in the textile industry, forming a collaborative development of innovation chain, industrial chain and capital chain, so as to provide strong support for expanding the market application of graphene in the textile field.

Recently, the Ministry of science and technology development of the China Federation of textile industry has released the catalogue of "textile lights" 2019 annual textile industry new technology achievements promotion project, Weishu textile "key technology of weaving and forming household textile products", "the key technology of the development of the natural antibacterial bamboo fiber textile of Artemisia argyi", and the three research and development achievements of the key technology of Duan Caishu spread fabric.

On the 20 day, a number of important national standards such as the online monitoring standard for e-commerce products quality were released in Yiwu, Zhejiang, covering not only a wide range of consumer goods, but also closely related to economic and social development and people's daily life, involving industrial manufacturing, environmental protection, social services, electronic information, home services, agricultural safety and many other fields. In the field of consumer goods, the "knitted sportswear" and other standards have been issued. In the field of home service, the national standard of Chinese traditional furniture terms has been issued. Besides the above national standards, the national standard of "general technical conditions for pallet unit logistics system" has been published, involving the national standard of "qualitative detection methods for prohibited substances in fireworks and firecrackers", and the 2 national standards concerning chemical fiber fields.

According to the US Department of agriculture report, 4-10 days in October 2019, China did not purchase any 1814 tons of upland cotton this year. The net signing volume of US cotton in the 2019/20 year was 46 thousand and 800 tons, an increase of 9% over the previous week, an increase of 36% over the previous four weeks. The new signing came mainly from Vietnam (24 thousand and 700 tons), Pakistan (14 thousand and 700 tons), Bangladesh (3152 tons), Thailand (2404 tons) and South Korea (975 tons). The countries that cancelled the contracts were Japan (589 tons) and the Taiwan region of China (45 tons). In 2019/20, the net contract volume of Pima cotton in the United States was 1043 tons, 52% less than the previous week, 54% less than that of the previous four weeks. The new contract came from India (295 tons), Thailand (204 tons), Salvatore (181 tons), Turkey (113 tons) and Pakistan (90 tons). The country to cancel the contract is Greece (68 tons).