The Cotton Price Is Still Stable, But Buying And Selling Is Still Weak. Has Yarn Production And Marketing Improved?

Market brief

Zheng cotton's concussion dropped sharply, and the bull market reduced significantly. With the advent of the off-season, the demand for the lower reaches of the company weakened, and the new cotton market continued to increase. However, the new cotton market continued to increase. However, the wait-and-see sentiment was not decreasing, and the cotton purchase and sale had not seen a marked improvement. Cotton prices continued to rise in the absence of favorable conditions, and the trend became stable. At present, the purchase of seed cotton was basically over in the northern Xinjiang of Xinjiang, and the turnover of high-quality cotton was acceptable. In terms of imported cotton, sales of Brazil cotton have improved and other resources have been flat. On the whole, the cotton market has maintained a situation of oversupply, and there has been a shortage of downstream purchases and increased resistance to cotton prices. It is expected that the trend of short-term cotton prices will return to fundamentals and prices will be stable.

Acrylonitrile prices continue to be weak, individual factory quotes continue to decline, there are no other guidelines on the fundamentals, factory offer weak stability, business with the market operators to maintain ideas, some of the market offer confusion, the spot retail mainstream quotation reference 10500 yuan / ton near the market, there is no lack of low price offer heard, the downstream continuation of just need to receive goods, the market trading atmosphere is generally low, the short term is expected to acrylonitrile price weakness is difficult to change, pay attention to the factory's new news guidelines. Acrylic fiber prices remain stable, the overall operation of the industry is generally, the market is watching the air atmosphere, raw materials continue to be weak, finishing, acrylic fiber cost support has weakened, but under the pressure of supply, the stock pressure is smaller, factory operators have a stable mentality, the offer is stable, the market performance is mediocre, the short-term acrylic fiber price is expected to remain stable, and continue to pay attention to the guidance of new information on raw materials.

China cotton net: according to the survey, some weaving enterprises and traders in Guangdong, Jiangsu and Zhejiang reflect that the orders for export to developed countries and regions such as Europe, America, Australia and Canada have been gradually warming up since October (still short, small and multiple batches). The inquiry and delivery of some yarn lines are much more positive than that in 8/9 months. In November, our cotton textile, clothing and foreign trade companies finally came to the chance of stabilization and rebound. Judging from the statistics and estimation of several large traders and importers, it is estimated that the cotton yarn arrivals in October will be about 16-17 tons, an increase of more than 20% over the same period. The growth of India yarn and Pakistan yarn is more obvious, followed by Uzbekistan yarn and Vietnamese yarn. Moreover, the proportion of 16S and above count cotton yarn increased significantly before September, and the OE yarn and low yarn arrival rate declined rapidly. On the one hand, in the near future, due to the gradual recovery of export orders, the supply of C21S and C32S yarns in the coastal area is tight. Exporters and traders rush to transport or purchase the yarn at other ports from the other ports. On the other hand, the continuous import price of cotton, cotton yarn and other import costs continue to float down, and since November, the price of domestic cotton mills has generally increased by 300-500 yuan / ton, and the competitiveness of imported yarn has increased.

In November 9th, "the forum of Party building and integrity culture construction in the national textile industry" was held in Xiping County, Zhumadian City, Henan province. The forum exchange is the seventh industry wide party building work exchange organized by the China Textile Workers' Ideological and Political Work Research Association since 2012 in the whole industry. The aim is to further promote the work of Party building in the textile industry of the whole country, and boost the high quality development of the industry with high-quality party building work. At the meeting, red bean group, Orient International Group Shanghai Asset Management Co and Changzhou Xu Rong knitwear and dyeing Co., Ltd., as well as leaders of Xiping textile leading enterprises, led by the leading companies of Xiping textile leading enterprises, respectively, from private textile enterprises, how to continuously innovate party building work, how to play the leading role of state-owned enterprises in promoting enterprise development, how to strengthen cross-strait cultural integration in Taiwan funded enterprises, and play the role of Party organizations and trade union organizations.

According to statistics, in 2019 1-10, China's textile and apparel exports were US $224 billion 815 million, down 2.55% from the same period last year. Among them, exports of textiles amounted to US $99 billion 310 million, a slight increase of 0.38% over the same period last year, and exports of clothing and accessories reached US $125 billion 505 million, down 4.76% compared with the same period last year. Two of them continued to show a marked differentiation trend of "strong textile exports and weak clothing exports". The export volume of garments has been shrinking for 3 consecutive months. In Renminbi in 2019, China's textile and apparel exports totaled 1 trillion and 543 billion 480 million yuan in 1-10 months, an increase of 2.36% over the same period last year. The RMB exchange rate has been aggravated after breaking 7 in August this year, especially since October. It has fallen to nearly 1700 basis points, making foreign trade enterprises feel pressure. According to the monthly data, China's textile and apparel exports in October amounted to 22 billion 868 million US dollars, down 1.67% from the same period last year, the lowest export level since May this year, of which 10 billion 155 million US dollars in textile exports, 4.22% over the same period last year, and 12 billion 713 million 700 thousand US dollars in clothing exports, down 5.92% over the same period last year.

Chengdu Textile College held a conference in Chengdu in November 10th to commemorate the school's 80th anniversary. Chengdu Textile College is a full-time public institution of higher learning run by the Sichuan provincial government and directly affiliated with the Sichuan Provincial Department of education. Its predecessor was the National Central Vocational School of technology founded in 1939. Over the past 80 years, after many years of relocation and renaming, today's Chengdu Textile College has become a national model (backbone) vocational college, a national high quality vocational college, and a "top 50 influential Asian vocational colleges" in 2018. With the tradition of "engineers and technicians", the school has nurtured a large number of outstanding talents, including academicians of the Chinese Academy of engineering and one of the founders of rocket propellants in China. Li Junxian, the national labor medal winner, and Chen Huili, the 38 red flag of the nation, are the national "filial piety, love and pro" moral model Cao Yu Ya. In recent years, Chengdu Textile College has played an increasingly important role in the cultivation of the intangible cultural heritage such as Shu embroidery and Shu brocade, the integration and development of production and education with the garment industry park, the transformation and upgrading of China's textile industry, and the internationalization of schools and regions in the "one belt and one way" area.

A few days ago, Jiangsu textile industry intelligent demonstration workshop on-site promotion will be held in Nantong. Jiangsu textile industry has a large scale of production, a complete industrial chain and a wide range of industries. It has been ranked the 6 largest trillions of industries in the province for 9 consecutive years. In the past two years, nearly 200 key projects have been implemented in Nantong, and more than 30 billion yuan has been invested. Up to now, there are 500 intelligent upgrading enterprises in Nantong, accounting for 9.5% of the number of enterprises in scale, and 129 demonstration intelligent workshops above the city level, including 44 provincial-level ones. 50% of the industrial enterprises in the city have been in the new stage of integration, innovation and transformation towards two integration, and 90% of the intelligent equipment manufacturing enterprises and universities and research institutes have carried out various forms of industry university research cooperation. The Dasheng group digital spinning workshop is the first domestic production line of the whole process in the domestic textile industry. The workers can only realize a remote monitoring of the equipment with only one cell phone. The workshop only takes 15 people for 1/3. In the future, Nantong will continue to work hard in formulating the standard system and building intelligent industries, focusing on promoting the development and application of the manufacturing execution system in the high-end textile industry, promoting the integration of management and control, and realizing the intelligent automatic production of chemical fiber, warp knitted, cotton spinning, dyeing and finishing, garment processing and so on.

In November 5th, a colorful flag fluttering in the Pioneer Park of Cenxi City, Guangxi (Cenxi), was very lively. The foundation laying ceremony of Cenxi Tyson new textile industrial gathering area project was held here. According to the introduction, Guangzhou Tyson Nian Feng cloth industry Co., Ltd. plans to invest 2 billion 600 million yuan, planning more than 1000 acres of land, and build a new textile industrial agglomeration area with a total construction area of about 360 thousand square meters. The overall planning of the project is divided into three phases. The first phase of the project is to develop 300 acres, with an investment of about 800 million yuan, mainly to build weaving, printing and dyeing, sewage treatment plants, warehousing and logistics, and related supporting facilities. Two phase plan to develop 400 acres, invest about 1 billion 50 million yuan, mainly build weaving, printing and dyeing, sewage treatment plants, warehousing and logistics, and other related infrastructure. The project started construction this year, and was put into operation in the second half of 2020. After it has been put into production and operation, it is estimated that the annual output value can reach 2 billion 500 million yuan, and the annual tax payment is more than 150 million yuan, and more than 8000 people can be employed.

In November 7th, the United States Trade Representative Office (USTR) announced the fourth batch of product exclusion notice under the list of 200 billion tariff products. This excludes a total of 36 products, including 3 textile and clothing products. Up to now, the United States has issued 4 batches of 200 billion product elimination lists, of which first batches involve 2 textile and garment products tax numbers, the second batch relates to 3 textile and garment products tax numbers, third batches of 7 textile and clothing products tax numbers, and a total of 15 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. Exclusion 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.

Last week, the price of cotton yarn in Pakistan increased under the impetus of cotton, and the export price of cotton yarn remained stable. At present, the textile factories in the lower reaches of Pakistan are in great demand, supporting the price of cotton yarn. The market demand and concerns are focused on cotton yarn instead of blended yarn, so the price of cotton yarn will remain strong in the future. Meanwhile, the export price of Pakistan's cotton yarn has remained unchanged, and China's market demand has revived in recent weeks. This year, cotton production in Pakistan has been greatly reduced, domestic cotton prices are very strong, but BCI and organic cotton have dropped slightly. While the price of polyester and polyester continued to drop, but the price of Pakistan blended yarn rose by 1-2 rupees. The purchase of Fang Congfei's regular channel was one of the reasons for the rise in the price of blended yarn. Pakistan polyester short production costs declined, polyester and short prices fell slightly, factory profits fell slightly, but still significantly higher than the historical average. As the price of imported polyester and polyester dropped to 0.86 US dollars / kg, the competitiveness of imported products increased.