How Can Cotton Prices Go Up And Down? How Can The Price Of Cheap Goods Go Too Far?

Market brief

Purchase and storage of information landing, Zheng cotton high concussion, short cut significantly, in the short term, Zheng cotton regression shock market, large fluctuations in the market is more difficult to appear. Another round of announcements, in which the price of the round price is "bid price ceiling, downward auction", because the local cost is generally higher than that of the Corps, the local ginning factory is difficult to compete under this pricing mode. The market reflects insipid and more wait-and-see attitude towards the purchase and storage events, and the spot price of lint is mainly stable, the local quotation rises slightly, and the transaction situation is weak and stable. The downstream demand is still not good. The cotton inventory of textile enterprises is more than 1 months or so, and the cotton lint will be used along with the acquisition. But after 500 thousand tons of new cotton entering the national reservoir, the supply of the market will shrink and the output of Xinjiang cotton will be reduced. This will support the cotton price formation. It is estimated that the short-term spot cotton prices will rise and fall. But with the narrowing of the price difference between domestic and foreign cotton, the import quota will be abundant this year, and the imported cotton will be replenish the market.

The price of acrylonitrile is still weak. The mainstream factory's November contract prepaid price is 10700 yuan / ton, and the mainstream retail quotation is 10300-10500 yuan / ton. The sporadic high and low end offer has heard that the downstream is just needed to receive the goods, and the acrylonitrile market has no new information guidelines. The factory closing date is approaching, and the businessmen are cautious to maintain their ideas. It is expected that the price of the short term acrylonitrile will remain weak and volatile. Acrylic staple fiber prices remain stable, terminal demand continues to be tempered, downstream factories cautious mentality does not change, the current cost of acrylic fiber support weakened, the market bearish atmosphere continued, but the acrylic fiber industry capacity utilization rate is not high, manufacturers maintain stable prices to maintain ideas, short-term forecast acrylic fiber prices will be sideways finishing, attention to new factory news guidelines.

Entering November, along with the advent of early winter, cotton farmers in Akesu, Xinjiang, seize the favorable opportunity for fine weather, and speed up the sale of new cotton. Local cotton purchasing factories (enterprises) have also made preparations to ensure that cotton purchase is carried out smoothly this year. According to the idea of "controlling area, optimizing varieties, popularizing machine production, improving quality and increasing efficiency", 7 million 500 thousand acres of cotton were planted in Akesu area this year, a decrease of more than 40 mu compared with the same period last year, of which 3 million mu in machine production area and 40% in machine production rate were achieved, and the total output is expected to reach 900 thousand tons. According to last year's data, in 2018, 5 cotton regional industrial alliances were set up in Akesu, and more than 100 cotton textile, processing enterprises and production technology service cooperatives were absorbed, involving 44 thousand farmers, 1 million 250 thousand acres of order planting area, 1 million 800 thousand acres of machine picked cotton, 300 million yuan saving, and 112 thousand 112 thousand migrant workers.

According to the ginning plants in Changji, Shihezi and Kuitun, not only the quality and grade of seed cotton have declined, but also the daily purchasing volume has decreased significantly, and the sale in most parts of the country has come to an end. Farmers have begun to allocate cotton stalks and smooth farmland, and the focus of cotton enterprises has changed from acquisition and processing to sales. From the survey, as of November 12th, the local ginning enterprises in the northern Xinjiang 20-30% had finished processing ahead of schedule because of the impact of low temperature rainfall (hail and Gale) from 8 to September, the contradiction between the decrease of seed cotton production and the increase of processing capacity in the northern part of Xinjiang cotton region was more and more prominent, and the acquisition period was significantly shortened. The local cotton ginning enterprises plan to sell the medium and high quality machine picked cotton with "double 28, double 29, double 30" in the CF2001 contract at a price of 13000 yuan / ton or a direct "spot price" to the traders. A processing enterprise in Hutubi County of Changji indicated that, considering the relatively adequate supply of cotton in 2018/19, plus the liquidity of the lint transport from Xinjiang, the enthusiasm for selling the goods to the mainland before the end of December was not high.

In November 15th, the Eighth National Textile Industry News Award selection conference was held in Beijing. Journalists from the industry and over 30 news media units attended the press conference. The Eighth National Textile Industry News Award campaign has been the fifth consecutive year of the "Shuyang Cup". It is understood that the selection includes comprehensive media and industry media, with the top ten journalists award and the ten best works award two. The top ten journalists' awards are based on unit recommendation and leadership comments. They are selected according to the annual number of contributions, their contribution to the industry's news and publicity, their overall quality and their professional performance, and their industrial influence. The ten best works awards are evaluated according to the comprehensive evaluation of the work's influence and theme, the intensity of the discussion, the brilliance of the pictures, the writing style, and the reading volume and click rate of the new media.

On the afternoon of November 12th, the people's Government of Jiangxi province and the Jiangxi tufei Textile Technology Co., Ltd. formally signed the contract. Jiangxi Tuo Fei Textile Technology Co., Ltd. is mainly engaged in textile production, sales and import and export business. The project is located in Phoenix Nest Industrial Park, Wan County, with an area of more than 60 mu. The total investment of the project is RMB 300 million yuan, and the annual output value is 200 million yuan and the profit tax is 5 million yuan after reaching the target. Previously, Jiangxi Wan county is already a hot spot for textile investment. Previously, Ji Jie Europe, a subsidiary of Su Mei textile company, worked closely with Jiangxi county's ten thousand years' friendship and worked closely together to actively plan for the ten thousand year green modern textile industrial park project. The planned green area of the modern textile industrial park is 1600 mu, with a total investment of 4 billion yuan. The park integrates professional production, printing and dyeing, technology research and development, product testing, exhibition marketing, personnel training, logistics and distribution, and strive to build a platform for optimizing and upgrading the textile industry at home and abroad, radiation diffusion, gradient transfer and deep development. After the completion of the project, it will undertake major textile enterprises in an orderly manner and achieve an annual output value of 10 billion yuan.

Recently, reporters learned from the State Administration of Taxation of Zhejiang province tax bureau, in the first three quarters of this year, Zhejiang province (including Ningbo) added a new tax reduction and reduction fee of 147 billion 900 million yuan, of which 121 billion 340 million yuan was added to the tax reduction, the new social insurance premium was reduced by 26 billion 560 million yuan, and the new tax reduction and reduction in the whole country accounted for 8.3% of the total. The new tax reduction mainly includes 55 billion 980 million yuan added to the value-added tax reform, of which, in May 1st last year, the value added tax rate was reduced by 9 billion 80 million yuan. The small and micro enterprises adopted a new tax reduction policy of 17 billion 140 million yuan, and the two step reform of personal income tax superimposed a new tax reduction of 33 billion 50 million yuan. With the implementation of the policy of reducing taxes and lowering taxes, the dividend policy continues to be released in Zhejiang, playing an increasingly important role in stabilizing economic development, enhancing market confidence and stimulating entrepreneurial innovation.

Recently, the China Textile Industry Federation and the Humen town cooperate to build a world-class textile and garment industry cluster demonstration area project attracted much attention. The demonstration area will rely on the advantages of Humen location, transportation and clothing and apparel industry, give full play to the China textile industry think tank, high-end industrial resources, and create world-class fashion industry cluster. The demonstration area will be jointly managed by the two sides. A series of industrial support policies will be introduced to integrate the surrounding clothing and apparel enterprises, import various platforms to support the development of the clothing and apparel industry, organize the world textile and garment industry cluster conference, absorb overseas rich fashion, brand and design resources, and inject new elements of international brand, technological innovation, fashion creativity, design and research, personnel support and financial services for Humen. To speed up the construction of the demonstration area, the two sides will set up the core area and the starting area of the demonstration area.

The Senate called on the federal government to ban imports of textiles within five years in order to allow local businesses to produce textiles, according to Nigeria's "attack newspaper" reported on Tuesday. The Senate also appealed to the federal government to provide the necessary infrastructure, especially to supply the local textile enterprises to reduce the cost of the textile industry, to provide concessionary loans to local textile enterprises and provide loan convenience. At the plenary session, Senator Kabir Bakya put forward the motion of "urgent need to transform the country's sluggish textile industry". He pointed out that the textile industry had played an important role in the manufacturing industry of Nigeria, especially in 60s and 70s, there were more than 140 companies, which grew at an annual rate of 67%. By 1991, more than 25% workers in the manufacturing sector were employed. At that time, textile workers were the highest paid jobs outside the civil service. In the past twenty years, textile enterprises have been slump and textile workers have been laid off. Senator Robert Poroffiths said textile imports were the cause of the downturn in the textile industry. Senate President Ahmed Lavan believes that Nigeria has signed the free trade agreement on the African continent, and can not easily give up the opportunities of international trade. It must enhance the competitiveness of its industries and prepare for possible industrial shocks.