Cotton Prices Are Hard To Rise, Polyester Is Short And Cloudy, Sticky Glue Is Weak And Stable.

Market brief

Zheng cotton concussion rose, a small number of additional positions. Recently, a large number of funds entered the game to make Zheng cotton continue to rise. The market demand for hedging is strong. The effective forecast of Zheng cotton warehouse list has increased by 281. Under the atmosphere of market news, Zheng cotton will continue to challenge the former high. Spot cotton prices stabilized slightly, but the turnover atmosphere has not improved significantly, new cotton is listed on a large scale, downstream demand is still poor, downstream textile enterprises raw cotton inventory can still maintain for a period of time, short-term purchase enthusiasm is not high, new flower with mining, spot cotton prices continue to rise pressure is greater, and downstream demand has further signs of weakness, cotton prices continue to rise in space and continuity is weak. With regard to imported cotton, along with the upward movement of domestic spot prices and the rising expectation of imported cotton prices, port traders began to reluctant to wait and see, and buyers and sellers were slightly deadlocked. Short term spot cotton prices are expected to remain stable and strong. Attention should be paid to the changes in Zheng cotton holdings and downstream procurement.

The acrylonitrile market continues to be vulnerable to consolidation. The spot retail quotation will be temporarily referenced to 10700-10800 yuan. At the end of the month, businesses are holding a very small number of goods, and the offer is maintained. The new factory price guidelines are the main guide for this month. The market transaction is coming to an end this month. The spot retail transaction is not enough. A single round of solid trading is being discussed. The Anqing Petrochemical Company will soon be overhauled, but the market is looking at the atmosphere. Acrylic fiber prices continue to be stable, terminal demand performance continues in general, the recent cost support weakened, downstream factory empty sentiment is obvious, but the acrylic fiber factory profit space is narrow, the factory trader mentality is stable, at the end of the month there is no other guidelines on the news side, it is expected that the short-term acrylic fiber short price will continue to stabilize.

In the first three quarters of 2019, textile production, domestic sales, exports, and other indicators rose and fell, and the overall operation remained stable. First, steady progress in production. From 1 to September, the industrial added value of textile enterprises above designated size increased by 2.9% over the same period last year, and the growth rate was flat compared with the same period last year. Among them, the added value of chemical fiber industry increased by 12.3% compared to the same period last year, and the added value of clothing and industrial textile industry increased by 1.6% and 7.4% respectively over the same period. Two, domestic sales continue to grow. From 1 to September, the retail sales of clothing, shoes and hats and needle textiles were above 947 billion 900 million yuan, an increase of 3.3% over the same period last year. The retail sales of apparel products nationwide increased by 18.6% over the same period last year, and the two digit growth rate continued to grow. Three, exports have declined. 1 - September, China's textile and apparel exports amounted to US $201 billion 950 million, down 2.7% from the same period last year. Among them, the export volume of textiles decreased by 0.1% compared with the same period last year, and the export volume of clothing decreased by 4.7% compared with the same period last year. The export volume to emerging markets such as Africa increased by 8.5% over the same period last year. Four, the benefits are basically stable. From 1 to August, the National Textile Enterprises above Designated Size achieved operating income of 3 trillion and 306 billion 490 million yuan, an increase of 1.9% over the same period last year, and realized a total profit of 138 billion 750 million yuan, a decrease of 7% compared with the same period last year, and the operating income margin was 4.2%.

In October 25th, the agreement on economic and trade cooperation between China and Eurasian Economic Union came into force on the 25 day. The Eurasian Economic Union was founded in 2015. Currently, Russia, Kazakhstan, Belarus, Kyrgyzstan and Armenia are all important partners in the "one belt and one way" development. The agreement covers 13 chapters, including customs cooperation and trade facilitation, intellectual property rights, sector cooperation and government procurement, including new topics such as e-commerce and competition. The two sides agreed to further simplify customs clearance procedures and reduce the cost of goods trade by strengthening cooperation, exchanging information and exchanging experience. It must be clear that the agreement on economic and trade cooperation is a non preferential agreement and will not play a role in reducing or eliminating tariffs. Although it does not involve the most critical and sensitive tax rates, it still has positive significance for promoting trade facilitation.

Recently, the NDRC industry development department dispatches personnel to Wuhan to participate in the 2019 China textile industry Intelligent Manufacturing Conference. With the theme of "China Textile intelligent manufacturing to create a future and leading the age", the conference summarizes the development of Intelligent Manufacturing in textile industry, shares the demonstration case of Intelligent Manufacturing in the industry, and discusses the path of promoting intelligent manufacturing transformation in the industry. Next, the NDRC Industry Development Division will actively guide textile enterprises to build intelligent production demonstration production lines, expand the application and promotion of advanced technology and equipment, and speed up the development of intelligent textile industry.

Phoenix Bamboo textile disclosed three quarterly reports. The first three quarters achieved operating income of 782 million yuan, an increase of 7.62% compared with the same period last year. The net profit attributable to shareholders of listed companies was 31 million 523 thousand and 300 yuan, a decrease of 33.44% compared with the same period last year. Net profit attributable to shareholders of listed companies after deducting non recurring gains and losses was 28 million 781 thousand and 600 yuan, a year-on-year decrease of 33.31%; and the basic earnings per share were 0.1159 yuan.

Since the beginning of this year, Shishi's import and export trade has maintained a continuous growth trend. In October 22nd, from the Quanzhou customs office in Shishi, we learned that in 1-9 months of this year, the total value of foreign trade and import and export in Shishi was 22 billion 415 million yuan, up 76.23% over the same period last year. Shishi textile and apparel private enterprises and the electricity supplier industry, especially cross-border electricity providers have been the main force of Shishi foreign trade, but also a new force to stimulate the growth of our city's foreign trade.

In October 29th, the China Textile Industry Federation and the Jiangsu Provincial Department of industry and information technology held the "QZ6026 (T1000 grade) ultra high strength carbon fiber 100 ton engineering key technology" jointly undertaken by Zhongfu Condor eagles and Donghua University and Jiangsu new Eagle travel Machinery Co., Ltd. in Lianyungang. Through the technical appraisal, they will soon be put into production, go to the market, and create advanced advanced materials for Chinese military and civilian high-end products. T1000 level and above carbon fiber is a key material for foreign sanctions against China. After more than 2 years of efforts, Chinese manufacturers have optimized and upgraded T800 carbon fiber technology, further strengthened fiber defect control, and achieved further improvement in strength. The first domestic implementation of dry jet wet spinning T1000 grade ultra high strength carbon fiber engineering is different. It can be sold directly and practical.

According to the Russian Federation customs bureau, Russia imported 38 million kilograms of old clothing in 2018. There are many reasons for the booming trade in clothing, including the decline in living standards of Russians, the high exchange rate of the US dollar, the growing interest in cheap brands, and the trend of rational consumption. A study by fashion consulting group showed that in 2018, Russia's new clothing, accessories and footwear market did not grow at a level of 2 trillion and 360 billion rubles. In 2018, Russia imported $116 million 800 thousand worth of old clothes, and in 2019 Russia imported 18 million 400 thousand kilograms of old clothes worth 47 million 400 thousand dollars. In contrast, Russia imported less than 1 million kilograms of old clothing in 2017, but the value of the imported clothing was 20 million US dollars in 2019. That is to say, Russian sellers either agree to a favorable agreement with foreign partners or start buying goods at a cheaper price. Most of the old clothes imported from Russia come from Germany, Belgium and Holland. There were more imports from Belgium in 2019, but the situation may change by the end of the year.

On October 28th, SalimIsmail, President of Socota, a leading textile enterprise in Madagascar, said recently that Madagascar had the opportunity to become a suitable foothold for the global textile industry. At present, the rising cost of production in China and Asian markets has provided opportunities for the Malaysia textile industry. The company is an export oriented enterprise. Since 2016, it has become a supplier of three major textile products distributors in the world. The group has been active in the US market in recent years and has become a partner of many US brands. To maintain a firm foothold in the international market, the Malaysia textile industry still faces many challenges. Ismail suggests that the current priority is to attract investors who can create jobs. To this end, the government and the private sector should work together to anticipate the problems that Malaysia may encounter. At present, the Malaysian government and enterprises have started the relevant exchange mechanism, and the leaders of the company will hold talks with government officials this week to discuss the difficulties faced by enterprises.