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    Sticky Short Competition In The Market Is Heating Up, Prices Rise Or Fall, And How Do They Replenish The Goods At The End Of The Year?

    2019/11/21 13:00:00 127

    Market Quotation

    Market brief

    Zheng cotton oversold rebounded, the main shift was obvious, the main contract in recent months reduced significantly, the market wait-and-see atmosphere is strong, short-term Zheng cotton maintain shock finishing market. Domestic and foreign cotton futures linkage weakened, market confidence declined, spot cotton price quotations remained stable, and terminal demand expectations were not strong, which is still the main reason for restricting cotton price rise. At present, the cotton mill has not yet been purchasing volume. The new cotton purchase and sale is mainly dominated by traders. The cotton mill purchases more raw cotton in the mainland, and the new cotton market is slow. The inventory pressure of Xinjiang ginning plant is at a high level. The operation of the ginning factory in the mainland is prudent, along with the processing and selling, the inventory is low, but the cost of the real estate cotton is high, the price is high, the price is difficult to rise, and the profit of the cotton mill is insufficient. Near the end of the year, terminal demand began to turn weak, downstream demand outlook is still not optimistic, cotton mill raw materials replenishment is limited, cotton spot market resources are sufficient, supply and demand sides continue to play games, in the absence of good market conditions, it is expected that the spot cotton price trend is stable, focusing on the latest progress of Sino US peace talks.

    Acrylonitrile prices remain weak, mainstream factory offer continued weak downside, spot retail mainstream quotation reference 10300-10500 yuan / ton, low is close to 10000 yuan mark, middlemen do not change with the market trader's thinking, the market transaction center of gravity is weak and shock, the market for manufacturers monthly price is expected to be obvious, short term demand side no good support, acrylonitrile price is expected to maintain weak shocks, pay attention to factory monthly message guidelines. Acrylic staple fiber prices remain stable, the price of raw acrylonitrile continues to weaken in recent years, acrylic fiber cost support weakened, but acrylic fiber demand side performance is poor, factory equipment load remains relatively low, manufacturers mentality is relatively stable, there is no price cut plan, downstream to maintain a small number of rigid demand replenishment, short term acrylic fiber price is expected to remain stable.

    According to the data released by China's cotton notarization inspection network, as at 24 o'clock in November 19, 2019, 886 cotton processing enterprises in the whole year of 2019 cotton processed cotton according to the requirements of the cotton quality inspection system reform plan, and carried out notarization inspection. The inspection volume reached 10048750 packages and 2 million 269 thousand and 757 tons. Among them: Xinjiang: 780 processing enterprises, notarization inspection of 9838136 packages, 2 million 222 thousand and 421 tons. Mainland: 106 processing enterprises, notarization inspection of 210614 packages, 47 thousand and 336 tons.

    Last week (November 11-17), the harvest of new cotton was coming to an end. As of November 18th, the harvest rate of Xinjiang was 98.6%, and the selling progress was 95.5%. The harvest of the machine harvested in the northern part of Xinjiang was over, and the hand picked cotton harvest in the southern Xinjiang was expected to end in early December. The purchase price of machine picked cotton rose slightly to 4.6-5.9 yuan / kg (initial price 4.4-5.6 yuan / kg), and hand picked cotton rose to 5.3-6.1 yuan / kg (the initial price of the acquisition was 5.0-6.0 yuan / kg). After the middle of next year, the cotton seed market will be held next year in some cotton growing areas. This year, the seed market is showing a "multi mess" situation.

    Recently, the regulatory libraries in Kuitun, Akesu and other places reflect that the enthusiasm of cotton processing enterprises to apply for warehousing and public inspection has slowed down, and the pressure of warehousing has been reduced. Several southern Jiangsu ginning factories said that considering the continuous decline in the quality of seed cotton in late November, the proportion of high-quality cotton linen was not high, which slowed down the processing and storage of medium and high quality cotton (stored in the ginning factory), and the public inspection, waiting for the implementation of detailed rules to be announced and participating in bidding. From the survey, since the middle of November, the number of highway transportation in Xinjiang cotton has continued to decline, especially in the northern part of Urumqi and Kuitun. In the southern Xinjiang, the inquiry and sale of cotton wadding slowed down sharply compared with October. The cotton trade has not been started effectively, plus some ginning factories are reluctant to sell high quality lint or blindly increase the quotations, which has led traders and textile mills to suspend or suspend spot purchases.

    In November 20th, according to the website of the SFC, Shandong Securities Regulatory Bureau issued a decision on Issuing warning letters to Shandong Jinmao Textile Chemical Group Co., Ltd. and Xu Pengming. According to the investigation, Shandong Jinmao textile has not disclosed its related party relationship completely in the relevant bond prospectus and the 2016 annual report of Shandong Jinmao Textile Chemical Group Co., Ltd. corporate bonds. The above act violates the fourth provision of the "Regulations on the issuance and trading of corporate bonds". As chairman of Shandong Jinmao textile company, Xu Pengming failed to be honest, trustworthy and diligent, and he was primarily responsible for the above violations. He violated the fifth provision of the "Regulations on the issuance and trading of corporate bonds". According to the provisions of the fifty-eighth regulation on the issuance and trading of corporate bonds, the Shandong securities regulatory bureau decided to take the administrative supervision measures of Shandong Jinmao textile and Xu Pengming to issue warning letters.

    Recently, two new technologies of "a power saving control device for a duster filter" (inventor Heng Xin company Zhang Hui) and a yarn continuous heating treatment equipment (inventor Heng Xin company Xue Jianchang, Ma Yuchen, etc.) have been granted by the Changshan Textile Group's enterprise organization. The new technology has been authorized by the State Intellectual Property Office for utility model patents and obtained certificates; "a twister chamber for winder" project (inventor Heng Wei Xin Wei Wei Bei Bei, Meng Shengli) has obtained the authorized invention patent and obtained the certificate by the State Intellectual Property Office. "A power saving control device for a duster", a patented technology used to control the running state of the duster's dust filter unit, can avoid the waste of electricity. A continuous heating treatment equipment of a yarn is a kind of equipment and method for continuous heating of yarn, especially for the heat treatment equipment and processing method of yarns containing thermoplastic fibers. These two patents belong to the field of textile technology. A kind of twister for winding machine mainly relates to the twisting device of textile equipment, which can be applied to important parts of automatic winding for textile enterprises.

    In November 19th, the website of the Jiangsu provincial market supervision and Administration Bureau issued the Circular of the provincial market supervision bureau on the third batch of supervision and inspection of consumer quality in 2019. According to the briefing, in the third quarter of 2019, the Jiangsu provincial market supervision bureau organized supervision and spot checks on the quality of daily textiles and textiles, and sampled 540 batches of 4 products, including military training uniforms, student clothes, bedding and bedding, school supplies (Homework Books), 506 qualified batches, with a pass rate of 93.7%. The unqualified items were fiber content, color fastness to rubbing, rope safety, rope requirement and pH value of 5 indicators.

    The India Cotton Corp (CCI) announced that it had started the 2019/20 MSP acquisition in Maharashtra since November 20th. It is understood that CCI is about to start the acquisition of news, the media reported that India's new cotton listing dropped to freezing point. At present, the price of new cotton in India is 3500-4500 rupees / weight. This year, cotton farmers in India expect the price to be 5450-5500 rupees / weight. At present, the price of the high grade market is only 5100 rupees / weight. CCI said that the price of MSP is 5450-5550 rupees this year, and the market prices in many regions are below this level. This year has just started, and the new cotton market will increase significantly later. As rainfall stops, the average grade of new cotton is expected to increase gradually. According to CCI statistics, as of now, India's new cotton market is close to 2 million 500 thousand packages, and the MSP purchase amount is about 40 thousand packages. Last year, it acquired only 2000 packages, and the total purchase amount was 1 million 70 thousand packages. India Cotton Association predicts that India cotton output will be 35 million 450 thousand packs in 2019/20, an increase of 4 million 250 thousand packages over the same period, an increase of 13.62%.

    An official of the India government said on Tuesday that the Ministry of textiles convened a stakeholder meeting to consult the new textile policy, including the need to build umbrella brands for the global textile sector. He said the meeting was scheduled to be held by the trade advisor of the Ministry on Wednesday, and the quality symbol of the Department would be discussed. The official said that the notice of the meeting asked for a discussion of the brand positioning needs of India's textiles and clothing in the global market by establishing a umbrella brand of textiles and introducing quality marks. The Department will also seek feedback to improve the key functions of the Department, which is an industry that creates high employment opportunities. He said the meeting will discuss manufacturing, exports, policy frameworks and best practices in China, Vietnam, Bangladesh and Turkey. The conference will also discuss the threats posed by free trade agreements. He added that building quality and ecosystem is one of the agenda of the conference.

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