The Price Of The Yarn Is Untidy. Can The Cancellation Of The Tax Increase Bring The Order? Do You Want To Ship At A Stable Price Or Change Profits?

Market brief

Zheng cotton concussion rose, bulls added positions, short-term Zheng cotton or before the war high, but still need to guard against the risk of Zheng cotton rush to fall. The flower plant purchase is positive, but the downstream cotton demand is steadily rising, but the downstream demand continues to be low, and the purchasing power of the cotton mill is insufficient, and the processing of the new cotton market is weak. At present, the cotton enterprises in Xinjiang have a steady processing capacity, and the cotton linen volume is still at a low level, and the new cotton processing volume is steadily increasing. The short term downstream textile enterprises are mainly taking inventory of their own stocks, and the purchasing of new cotton is difficult. The new cotton trade scale is insufficient, and the demand for the downstream cotton will continue to weaken. Spot cotton prices rose slightly with the trend of Zheng cotton. There was news that the United States was considering abolishing part of the tax increase, and the market mentality continued to improve.

The price of acrylonitrile continues to be weak. The maintenance of Anqing Petrochemical is continuing, and factory quotation is temporarily stable. Some of the high prices continue to decline, and the spot retail market price continues to be weak. At present, businesses are close to the factory cost line, the trader's mentality is cautious, the factory's clear message guidance is the main reason, the users' wait-and-see mentality is still strong, the spot trading is low, and the industry's bearish sentiment continues. It is expected that the short term acrylonitrile price will continue to trend slightly weak and concussion, and pay attention to the guidance of new factory news. Acrylic fiber prices continue to be stable, terminal demand performance is general, acrylic market bearish atmosphere continues, downstream goods are not enthusiastic, wait for raw material acrylonitrile trend, acrylic fiber market general atmosphere, but acrylic fiber factory profit space is narrow, the overall capacity utilization rate of the industry is still relatively low, factory offer mentality maintain, expect short-term acrylic fiber prices will remain stable.

In order to support the successful holding of the second China International Import fair, the Ministry of finance, the General Administration of customs and the General Administration of Taxation issued a joint circular recently to implement preferential tax policies for imported exhibits sold during the exhibition period of the Import Expo. The notice clearly stated that the import quantity of imported exhibits (excluding national prohibited import commodities, endangered animals and plants and their products, and 20 goods and automobiles that were not allowed to be reduced or exempted by the state) during the period of the second import exhibition held during the period from November 5th to November 10th were exempt from import tariffs, while the import value-added tax and consumption tax were collected at 70% of the tax payable. According to the notice, 35 exhibitors will enjoy the above preferential tax policies within the prescribed sales quota. The sales quota of other exhibitors enjoying preferential tax policies is not more than 20 thousand US dollars. The list of specific enterprises is determined by the Import Expo organizer China International Import Expo and National Convention and Exhibition Center (Shanghai) limited liability company. In addition, exhibits that exceed the sales quota that enjoy preferential tax policies and do not return to the outside world shall be taxed according to the relevant regulations of the state.

According to the China cotton net report, from the survey, most cotton processing enterprises and traders in the territory reflect that the purchase amount of seed cotton has declined this year compared with that in 2017/18 and 2018/19, and some of them have even reduced their purchasing capacity by 20-30% (except for Korla cotton growing area in southern Xinjiang). According to statistics, as of the end of October, the new cotton processing enterprises in Xinjiang in 2019 had accumulated a total of 1 million 43 thousand and 300 tons of notarization inspection, and the total amount of notarization testing was 1 million 132 thousand and 900 tons in the same period of 2018/19. Although the picking of cotton seeds in the south of Xinjiang was postponed for 5-7 days compared with the previous year, the progress of seed cotton purchasing, processing, warehousing, and public inspection was not slow in 2019/20. The cotton growers in North Changji, Kuitun, Tacheng and other places reflect the decline of cotton yield per unit area and the decline of the cotton mill's purchase quantity. The signs of cotton seed yield per unit area and the total production decrease in the southern part of Kashi and Akesu are becoming more and more obvious (because the machine picked cotton is only listed in mid October, and the yield is estimated or there is a certain deviation), so it is judged that the total output of Xinjiang cotton will be below 5 million tons at the end of 2019/20, and whether it can stand on 4 million 800 thousand tons is open to question. Moreover, the grade of machine picked cotton is larger than that of 2018/19 in the public inspection of Xinjiang lint. The proportion of 5 cotton picking cotton in the three cotton areas of Southern Xinjiang is obviously higher than that in the first two years. The reasons for the low prediction of cotton production in Xinjiang this year are: first, the weather is not giving enough strength and the disaster is heavy; two, the percentage of seed cotton padded clothes is generally not high in 2018/19, and the percentage of clothing percentage of 42% and above has declined significantly; three, the area of machine picked cotton in the south of Xinjiang has expanded rapidly, but the farmers are limited by planting technology, management conditions and harvesting level, and seed cotton yield has not been achieved.

In November 1st, a forum on textile industry university research cooperation for safety and protection was held in Nantong, Jiangsu. Nearly 200 participants in the industry participated. Nantong textile industry has a good foundation, forming a chain of chemical fiber, textile, printing and dyeing and finishing, clothing and home textiles. In 2018, the city's high-end textile industry achieved an output value of 220 billion 800 million yuan, an increase of 9.8% over the same period last year, and the main business revenue output value was 218 billion 800 million yuan, an increase of 9.8% over the same period last year, with a profit of 17 billion 100 million yuan, an increase of 15.5% over the same period last year. The high-end textile industry is one of the three major pillar industries in Nantong's "13th Five-Year" development. During the same period, the seminar on the production and research achievements of the textile and Garment College of Nantong University was held, as well as the preparatory work conference for the technical innovation alliance of textile composites industry for safety and protection. Some guests visited the national joint local engineering research center for the development of special fiber composites for safety protection.

In recent years, with the advancement of scientific and technological innovation, the improvement of research and design and the layout of new formats, new technologies, new products and new patterns of Chinese silk are emerging. Silk is ushering in the pattern of "butterfly change". Song brocade handbag, shawl Gauze Shawl, silk pajamas... At the 126th Canton Fair, more than 700 silk products from 21 Chinese silk brand enterprises attracted many foreign merchants to stop. In 2018, China's silk exports amounted to nearly US $3 billion and exported to the European Union and the United States. But under the new situation, it is also facing new challenges. The rise of competitors in Brazil and India, the rise of domestic costs, and the impact of trade frictions have intensified the challenge. Innovation and development has become the consensus of the industry. Process improvement, fabric research and development, application promotion, brand design, etc., Chinese silk enterprises embarked on the road of industrial transformation and upgrading, with "silk" as the medium, China's splendid traditional culture is heading for the world.

On November 4th, the 2019 China Textile entrepreneur annual meeting, China fashion lifestyle Summit Forum was successfully held in Haishu, Ningbo. Ningbo is a "famous city of Chinese clothing". The textile and clothing dominated fashion industry has a strong foundation. The international influence of the local fashion industry brand is constantly increasing, and the supporting system of the fashion industry is improving day by day. At present, Ningbo is accelerating its transformation from a major textile and garment market to a strong market of fashion, textiles and clothing. Industry development is inseparable from the pioneering spirit of enterprises. In order to further build a healthy growth environment for entrepreneurs and carry forward the spirit of outstanding entrepreneurs, the China Federation of textile industry organized the selection of outstanding textile entrepreneurs in August 2019. Subsequently, the General Assembly read out the list of 2019 outstanding textile entrepreneurs and 2019 outstanding young entrepreneurs in textile industry, and carried out a grand commendation ceremony.

In 2019 1-6, the total value of exports of textiles and garments exported to the US market in Thailand amounted to US $610 million, up 13% from the same period of the previous year. The main export items were garments and clothing, with an export value of US $450 million, accounting for 74% of the total export value, followed by fiber, with an export value of US $63 million, accounting for 10% of the total export value. The export value of all products except cloth was higher than that of the same period of the previous year. Among them, the largest growth was fiber, accounting for 78% growth, and export bulk garments and apparel products grew by 4%. In the 1-6 month of 2019, fiber, yarn and miscellaneous exports grew, while fabric declined. The total value of exports of textiles and garments exported to the EU in was $570 million, a decrease of 6% compared with the same period in the previous year. The main export items were garments and clothing, with an export value of US $400 million, accounting for 69% of the total export value, followed by cloth, with an export value of 53 million US dollars, accounting for 9% of the total export value. Exports of bulk garments and clothing decreased by 4%. Total exports of textiles and clothing amounted to 91 thousand tonnes in 1-6 months in 2019, a decrease of 3% over the same period of the previous year. Exports of bulk fiber products amounted to 34 thousand tonnes, accounting for 38% of total exports, and exports grew by 5% over the same period of the previous year.

According to Nigeria's "priority times" reported on November 3rd, Nigeria President Buhari has approved the extension of the border until January 31, 2020. Dimka, director of the Nigeria Customs General Administration, announced the contents of the memorandum of understanding and issued relevant departments. The customs and Excise Department of Nigeria said that despite the great success of the "border closure" operation, especially for the security and economic interests of the country, there are still some strategic objectives to be achieved. Some Nigerians criticized the border embargo, saying it affected the trade commitments between the government and West African countries and ACFTA, and also led to higher prices of imported products. Since its closure, Nigeria customs has announced increased revenue. NNPC, a state-owned oil company, also reported that Nigeria smuggled gasoline to overseas.