Sticky Short Price Enforcement Difficulties, Low Price Will Increase The Number Of Signed? If Demand Is Insufficient, Can Yarn Enterprises Change Profits?

Market brief

Zheng cotton upward impact on the 60 day moving average failed, short-term pressure on the larger, the recent shock market is still the main. The cost pressure of spot lint is relatively high, and some cotton ginning mills are bidding up slightly. The purchase of seed cotton is coming to an end in Xinjiang. The purchase process of the cotton mill is slowing down, the price of seed cotton is stabilized, the price of seed cotton is stable, and prices continue to rise. With the increase of cost pressure, the purchasing mentality of ginning plants is differentiated, and some of the ginning mills are becoming more cautious. The cost pressure of cotton enterprises in the mainland is also relatively large. Last week, some enterprises increased their quotations by 100 yuan / ton, slightly improving the goods. The order of the downstream cotton mill is insufficient, the cotton price rises, the kinetic energy is missing, the textile enterprises use more national storage cotton, the new flowers are used along with the mining, and the lint costs are high.

Acrylonitrile prices remain weak shocks, the mainstream factory October settlement price of 11300 yuan / ton, spot retail quotation temporarily reference 11000 yuan / ton near the end of the market to see the air atmosphere is not reduced, business confidence in goods is not enough, and the market continues to sell at a low price, business homeopathic sales, supply and demand fundamentals have no other changes, factory operators mentality is relatively stable, the short term acrylonitrile overall price weak shock mainly, pay attention to the factory new news guidelines. Acrylic fiber prices continue to be stable, short fiber 14900-15200 yuan / ton, terminal demand performance in general, acrylic market bearish atmosphere continues, downstream purchasing enthusiasm is limited, although the upstream raw materials concussion is low, but acrylic fiber manufacturers stable price mentality is strong, in the short term no intention, expect short-term acrylic fiber prices will continue to be stable, the market outlook continues to wait and see raw material trend.

On the evening of October 25th, the CPC Central Committee Political Bureau member, the vice premier of the State Council, and the Chinese leader of the Sino US comprehensive economic dialogue, Liu He, spoke with the US trade representative, Mr. lettchet, and finance minister Mnuchin. The two sides agreed to properly resolve their core concerns and confirmed that the technical consultation of some texts was basically completed. Liu He is supposed to speak to Mnuchin. The two sides agreed to properly resolve their core concerns and confirmed that the technical consultation of some texts was basically completed. The two sides agreed to reach a consensus on the importation of China's self-produced cooked poultry, catfish products regulatory system and the lifting of the ban on US poultry exports to China and the application of public health information system for meat products. The leaders of both sides will call again in the near future. During this period, the working layer will continue to hold consultations.

As at 24 o'clock in October 24, 2019, there were 644 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 the notarization test was carried out. The inspection volume reached 2587472 packages and 584 thousand and 907 tons. Among them: Xinjiang: 607 processing enterprises, notarization inspection of 2526428 packages, 571 thousand and 154 tons. Mainland: 37 processing enterprises, notarization inspection of 61044 packages, 13 thousand and 753 tons.

In October 26th, Qiingdao University, running 110th anniversary, "Qiingdao University textile industry innovation high level forum and the National Textile University Presidents Forum" was held in the international academic exchange center. Yu Jianyong, Wang Yuzhong, academician of the Chinese Academy of engineering, Zhang Xueji, academician of the European Academy of Sciences, President of the Textile Institute of Qiingdao University, and representatives of teachers and students of textile and garment Institute of Qiingdao University attended the forum. During the forum, industry leaders, experts and scholars, textile entrepreneurs gathered together, focusing on the new trends and new problems in the development of textile industry, in-depth exchanges and sharing on how to implement green development, innovative development and intelligent development concept in the transformation and upgrading of textile industry, how to build a complete industrial chain and value chain, develop high-end textile products, new materials and intelligent production.

In October 24th, the Henan textile industry intelligent manufacturing site conference was held in Nanyang. More than 200 representatives of the responsible comrades and textile enterprises attended the meeting. Intelligent manufacturing is a complex system engineering. It needs to strengthen the typical leading, demonstration and driving, from point to surface, and to push forward in depth. In recent years, Nanyang vigorously nurture the intelligent manufacturing demonstration enterprise, vigorously promote the demonstration project of intelligent manufacturing, carry out the two integrated management system standard in depth, actively promote enterprises to cloud, and strive to accelerate the development and popularization of intelligent equipment, and promote the rapid development of Intelligent Manufacturing in the whole city. Yuan Jianlong, executive director of Henan Textile Industry Association, delivered a keynote speech on promoting intelligent manufacturing in the textile industry. Qiu Wanfu, deputy secretary of the Nanyang Textile Group Co., Ltd. and deputy general manager Qiu Wanfu and deputy general manager of China Textile Machinery Group, a provider of intelligent manufacturing system solutions of the Textile Group Co., Ltd. respectively, shared the experience of Intelligent Manufacturing in textile industry. After the meeting, participants attended the scene to observe the intelligent manufacturing practices of Nanyang Textile Group Co., Ltd.

On the afternoon of 28, the Quanzhou textile and garment Institute held the 2020 graduate campus recruitment meeting. It attracted 49 people from the Shishi and Jinjiang textile, garment, printing and dyeing, electricity and other enterprises to attend the recruitment fair, including Hao Yu, Si Da Ya, Ai Di Deng, Qi Qi, AI Tun Bao, Qi Qi, Hua Lian excipients, Peng Tai, Gu Chi card electricity supplier, Li Lang, seven wolves, phoenix bamboo and so on. The recruitment company has provided more than 300 hot and promising jobs, including R & D Manager, design director, QC director, marketing director, clothing design assistant, and electrical assistant. The company received more than 650 job resumes at the scene.

In September, Brazil's cotton exports reached 142 thousand tons, exported 34 thousand tons to China, exported 27 thousand tons to Vietnam, exported a lot to Indonesia, Turkey and Bangladesh, and exported to Pakistan, which was quite active in the past two weeks. In recent weeks, cotton exports in Brazil were active, and Brazil's cotton base in 2019 was strong, and stocks began to decline. In the coming year, a large number of exports to Brazil cotton logistics and shipping is a great test. It is understood that the cotton farmers in Brazil are still optimistic about planting next year. Many farmers are ready to grow cotton in 2020 and reduce corn. Farmers say that the expansion rate of cotton will reach 10%. It is also known that in 2019, the cotton planting area in Argentina reached 280 thousand hectares, and in 2020 it would increase by 45-50 hectares, and the new crop would reach a record high of 1 million 500 thousand bags. In 1-8 months of this year, Argentina exported 210 thousand bales of cotton and expected to export 500 thousand bags in 2020. In 2020, Brazil and Argentina cotton is expected to have a bumper harvest, which has brought pressure on the October 2020 and subsequent loading quotas. At present, the export quotas in 2019 and 2020 have been hung upside down.

Local time October 25th, the Sino Hungarian textile and garment industry and trade forum was held in Hungary, Budapest. Hungary is China's third largest trading partner in central and Eastern Europe. It is also China's largest investor in central and Eastern Europe. Its business environment is good. Hungary's "Eastward opening" policy is highly consistent with China's "one belt and one road" initiative. On the basis of previous cooperation, China and Hungary deepened trade, and the trade volume between China and Hungary reached 10 billion 880 million dollars in 2018. The trade volume of textile and clothing reached 480 million US dollars, up 1.5 times compared with the same period last year. According to reports, there are 33 thousand employees in Hungary textile and garment industry, most of which are small and medium-sized enterprises, and 6400 of them are over 4 employees. The products mainly include work and protective articles, medical and health textiles, household textiles and industrial textiles. Hungary products mainly export industrial textiles, mainly exported to Germany, Italy, the United Kingdom and France, and exports in recent years are increasing year by year.

In October 23rd, the United States Trade Representative Office (USTR) announced the third batch of products under the list of $200 billion plus tariff products. This exclude a total of 83 products, including 7 textile and clothing products. Up to now, the United States has issued 3 batches of 200 billion product exclusion lists, of which first batches involve 2 textile and garment products tax numbers, the second batch relates to 3 textile and clothing products tax numbers, 12 textile and clothing products tax numbers. The excluded products will no longer be subject to a 301 tariff when they export to the United States. The validity period can be traced back to the date of entry into force of the 200 billion list - September 24, 2018. The validity of the excluded products listed in this notice is from September 24, 2018 to August 7, 2020.

In October 23rd, the WTO Committee on safeguards issued a briefing on safeguards submitted by the delegation of Turkey. In October 22, 2019, the Turkey investigation agency issued a notice in its official communique that the final measures for ensuring the import of nylon (or other polyamide) yarns were final. It recommended that a special tariff of 3 years be imposed on the products involved from November 21, 2019. Products Turkey tax No. 5402.31, 5402.32.00.00.00, 5402.45, 5402.51 and 5402.61, including drafting textured yarn (DTY), full draft wire (FDY), partially oriented polyester yarn (POY) and other yarns made of nylon (or other polyamide).