Cotton Prices Will Not Rise And Fall, Will The Profits Go Up? Polyester Short Loss Operation, Will Stabilize After Rebound Will Rebound?

Market brief

Price reduction, purchasing pressure is obvious, but because the cost is higher, the price is obvious, the market purchase and sale sides are stalemate, at present, most cotton and textile enterprises think that cotton price in 13600-14000 yuan / ton or more can only have a small profit, but the current downstream demand is not good, only two months from the Spring Festival holiday, the Sino US trade war is changing repeatedly, the market profit expectation is missing, and the situation of oversupply of the lint market continues, the cotton sale pressure continues to exist, the short-term spot cotton price tends to be stable, the new cotton harvest basically draws to a close, the seed cotton price overall stabilizes, and the lint processing is still at the peak stage. Zheng cotton concussion fell sharply, bulls reduced warehouse significantly, Zheng cotton fell sharply, cotton market turnover sentiment weakened, downstream inquiry

Acrylonitrile prices continue to be weak shocks, factory quotes continue to decline, the spot retail mainstream quotation reference 10300-10500 yuan / ton, the demand side performance is generally, acrylonitrile plant although no inventory pressure, but the market trading atmosphere is temperate, business cost pressure under the trader mentality cautious, with the closing date is approaching, the market price expectations for manufacturers, waiting for the factory monthly price guidelines, short term acrylonitrile market prices continue to narrow narrow shocks. Acrylic fiber prices remain stable, the lower reaches of the general initiative, terminal factories to buy gas and warm, the trend of acrylic fiber bearish mentality continues, upstream raw materials continue to decline, but acrylic fiber manufacturers do not have a price cut plan, the industry started to maintain low operation, there is no other guidelines on the short-term news, pre forecast acrylic price will remain stable, the market outlook continues to wait and see.

Washington time on November 14, 2019, the US Department of Commerce announced the final result of the anti-dumping investigation and countervailing investigation of Polyester Textured Yarn. In terms of dumping, the compulsory respondent enterprise Jiangsu Hengli Chemical fiber Limited by Share Ltd has a tax rate of 76.07% and a unified national tax rate of 77.15%. On the subsidy side, the mandatory respondent enterprise Fujian bun polysilk Industrial Co., Ltd. has a tax rate of 32.18%, and the other two compulsory respondent enterprises, Suzhou Sheng Hong Chemical Fiber Technology Co., Ltd. and its affiliated enterprises are respectively awarded 472.51% and 473.09% punitive tax rates. According to statistics from the US side, the export related products of Chinese enterprises to the US during the survey period were 35 million US dollars. According to the US investigation procedure, the US International Trade Commission will make a final ruling on the case in December 30th.

Entering the middle of November, the 7 million 500 thousand acres of cotton picking in Akesu basically ended. Cotton farmers everywhere are catching up and picking up cotton in the fields. Since the middle and late 9 months, cotton has gradually matured, and efforts have been made at all levels and departments. New cotton picking is progressing smoothly, and cotton growers everywhere are being quickly sold to ensure income increase. In the Wensu County County Youth League town Braque village, the villagers He Huijian is a large cotton grower. He has 50 mu of machine harvested cotton, picking up much faster than before. "The cost of picking cotton artificially is high, and not many people can be employed, so my cotton is completely picked up." He Huijian said the machine cost less than 2 yuan. It is understood that the Wensu County Communist Youth League town planted 84 thousand mu of cotton this year, of which 57 thousand acres of machine picked cotton were planted, and the cotton was basically picked up as of November 10th. This year, the region has actively guided the counties (cities) to regulate cotton cultivars, increase scientific and technological services, and raise the level of cotton field management. According to statistics from the regional agriculture and rural Bureau, the total output of cotton lint reached 1 million 9 thousand and 400 tons in 2019, and the yield per lint reached 130.18 kg.

Spandex has maintained rapid development in recent years. With the upgrading of spandex production technology, some old equipment in the industry can no longer meet the needs of the current market competition. The annexation and reorganization situation has gradually increased in recent years, and the proportion of production differential and functional spandex manufacturers is increasing. In order to promote the healthy development of China's Spandex Industry and further promote the technological progress and industrial upgrading of the spandex industry, it is to be held in November 26, 2019 in Ruian, Zhejiang, to hold the annual conference of spandex branch of China Chemical Fiber Industry Association and the high quality development forum of spandex industry in 2019. The conference will invite entrepreneurs and experts from the spandex industry, and relevant professionals from upstream and downstream to jointly make suggestions for the orderly and healthy development of the spandex industry.

The Forum on the implementation of the national standards for primary and secondary school uniforms was held in Nanjing, Jiangsu. The China Textile Industry Federation, the national textile Standardization Technical Committee and the relevant experts of China clothing association have carried out in-depth communication and communication with the representatives of several enterprises from Shandong Lu Tai Group, Johnson textile company and 3M China, in the implementation of the GB/T31888 standard. In 2018, the number of primary and secondary school students in China was 189 million, and the annual demand for school uniforms was about 6~7 billion. With the opening of the second child policy and the upgrading of consumption structure, school uniform became a rapidly developing subdivision area in China's garment industry in recent years.

In November 18th, the China Textile Construction Planning Institute, the founding conference of the Guangdong Bay Hongkong Macau Research Institute and the 2019 China Textile Construction Planning Institute working conference were held in Guangzhou. The China Textile Construction Planning Institute jointly established by the China Textile Construction Planning Institute and the Guangdong clothing and Apparel Industry Association officially unveiled the Guangdong Bay Hong Kong Macau Bay Area Research Institute. The two sides will carry out the research of the Bay Area garment industry and establish the Bay Area garment industry database to help promote the high quality development of the textile industry in the bay area. This is the fourth branch established by the China Textile Construction Planning Institute after the establishment of the Shandong branch, the Liaoning branch and the Zhejiang branch.

Zhejiang science and Technology Department recently announced that as of now, the province has built 168 provincial, city and county level three industrial innovation service complexes, of which 65 are provincial-level. These complexes have gathered innovative resources, promoted collaborative innovation, and promoted industrial development. The specific way of Zhejiang province is based on industry. The 65 provincial-level industrial innovation service complex involves 38 traditional industries such as textiles and leather, 27 new strategic industries such as new materials, 26 industrial clusters covering more than 10 billion gross domestic product, 5 billion industrial clusters of 16 ~100, and 23 industrial clusters below 5 billion yuan. In the existing 65 provincial complexes, 38 of the leading enterprises operate, accounting for 58.5%. For example, the Yuhang home textile and garment industry innovation service complex has participated in the construction from the upstream and downstream leading enterprises, channel providers and service providers. The platform has integrated 15 resources, including inspection and testing, Internet, cultural and creative services, enterprise services and so on. There are 81 kinds of design institutes and 374 designers, and the output value of the design transformation is 693 million yuan.

According to the statistics of the US Department of agriculture, in the week of 1-7 November, the US signed 78 thousand and 300 tons of cotton in the 2019/20 year, an increase of 109.8% compared with last week. The main buyers were Pakistan (26 thousand and 500 tons), China (18 thousand and 900 tons) and Turkey (10 thousand and 400 tons). China accounted for 24.14% of the total amount of 2019/20 cotton signed in the United States during the week, and the 1126 tons and 5330 tons of the previous two weeks suddenly increased to 18 thousand and 900 tons. The main reasons for the analysis are: first, there is a strong expectation that China and the United States will sign a phased agreement and cancel each other's tariffs before the end of December. Two, taking into account the 2019/20 cotton shipping date of the year, a small number of Chinese textile enterprises "overdraft" in 2020, 1% tariff import quotas "pre procurement" high quality machine picked cotton, shipment and delivery generally in 2020 1-3 months. Three, with the easing of trade wars between China and the United States, and the delay in raising tariffs, some textile and apparel orders in developed countries such as Europe and America have fallen or returned from Southeast Asia. Four, since December 2nd, China started to import 500 thousand tons of high-quality New Zealand cotton. Traders and textile enterprises are worried about the tight supply of domestic high-quality cotton harvester and cotton prices in 2019/20. There are plans to lock SM and GM grade cotton resources ahead of schedule.

According to the GlobalData report, between 2019 and 2023, the planned and announced projects in Asia will contribute about 72% of global PTA production growth. The company's report "global PTA industry outlook to 2023 - capacity and capital expenditure projections, including detailed instructions for all built and proposed plants" shows that Asia's new and expanded PTA capacity will be increased from 11 planned and announced projects to 16 million 800 thousand tons / year. Among them, 6 are planned projects and the rest are announced projects. Sowmya Sivaji, an oil and gas analyst at GlobalData, said: "in Asia, the growth of PTA will mainly come from China, and China accounts for about 85% of the capacity of the region. The planned projects account for most of China's new capacity. " GlobalData sees the Middle East as the second largest area of capacity growth in the global PTA industry. The region will add 3 million 600 thousand tons / year of new capacity from three announced projects. All the new capacity will be announced in the future, "Pan Asian PET resin Jazan PTA plant", "SOCAR Turkey Enerji Aliaga PTA factory" and "OMPET Sohar PTA factory", which is expected to be put into operation in 2023. North America ranked third. By 2023, the capacity of the newly built PTA will be 1 million 200 thousand tons / year. The whole capacity increase will come from a planned project, "M&G polymer PTA plant in Corpus Christi, USA".