Cotton Prices Continue To Fall, Sticky Short Close To 10000 Yuan Mark, Lack Of Support, Yarn Prices Will Fall?

Market brief

Zheng cotton oversold rebound, short cut significantly, the short term still maintain weak shocks. Cotton textile enterprises and traders to increase the enthusiasm of the warehouse, but the price of lint price has been raised, but the price of lint cotton has been reduced, and some of the price of a single price has been loosened. Some of the ginning factory prices have been lowered, but some of the ginning plants continue to be very expensive, but the sales volume is at a low level. The downstream market is worried about the demand for future market, and the overall market turnover is not good. The short-term raw materials replenishment storehouse still maintains prudent operation, mainly with the use of mining and consumption. The atmosphere of watching and selling is strong, and the pressure of new cotton sales is difficult to alleviate at the moment. However, the cotton price has reached the cost line, and the space of the late fall is limited. Zhengmian weakened, point price advantages of resources to enhance

Acrylonitrile prices remain weak, the mainstream factory monthly declaration is gradually announced, the offer continues weak downward, middlemen do not change with the market trader's thinking, the market transaction center of gravity is weak and shock, the spot offer reference 10300-10500 yuan / ton, pay attention to other factory monthly message guidance, it is expected that the short chain propylene nitrile price will maintain weak consolidation. Acrylic fiber prices continue to be stable, terminal demand performance is poor, downstream cotton mill orders are less, shipments are slower, the downstream yarn sales price is weak and shock is mainly, the factory's enthusiasm for acrylic fiber purchase is not high, the market bearish atmosphere continues, but the news is still calm, the acrylic fiber industry started to maintain low position, the mainstream factory trader mentality is stable, it is expected that the short-term acrylic fiber prices will remain stable.

The Announcement No. 2019 [96] issued by Zheng Shang has been decided by the study that the announcement of the replacement of the cotton futures for the delivery products is now as follows: the cotton produced since 2020/21 has been put into effect. When the warehouse receipt is cancelled, the natural variation will cause the color grade of the cotton to exceed the range of the above mentioned items and exceed the scope of the natural variability stipulated in the "Zhengzhou commodity exchange standard warehouse receipt and the transfer warehouse receipt management regulations". During the reconsideration period, the discount will be carried out according to the "quality difference price table of zigzag processed fine grain cotton in November 2019" issued by the China Cotton Association in November 2019.

In November 22nd, the 2019 China Textile and apparel brand conference was held in Puyuan, Tongxiang, Zhejiang. More than 500 people attending trade associations, brand representatives and experts and scholars gathered around the "building brand digital ecology" to build a multi-dimensional sharing platform to promote the innovation and development of China's textile and apparel brand in the digital age. At present, the wave of technological innovation represented by information technology, big data, artificial intelligence and 5G is sweeping the whole world. A new round of technological revolution and industrial transformation are deeply affecting the development and transformation of global fashion industry and transformation and upgrading. Digitalization and informatization become the important direction of brand transformation. Brand needs to rethink how to build the digital ecology of the whole industry chain from production to marketing.

The National Standardization Management Committee issued the third batch of recommended national standards plan in 2019. There are 487 items in this batch plan, of which 353 are formulated, 134 are revised, 485 are recommended standards, and 2 are guiding technical documents. Among them, there are 20 projects in textile development and revision. They include: geosynthetics and nonwoven composite geomembranes, textile color fastness test, rubbing color fastness surface method, professional sportswear track and field clothing, "wool length strength test method", "measuring method of average diameter of wool fabric", "determination of carbon and phosphoric ester plasticizers of textiles", "determination of tensile properties of textile nonwoven test methods", "determination of textile fabric marking properties, rolling box method", "qualitative identification of textile natural colored cotton and their products", "determination of total boron content in textiles", "determination of total boron content in textiles", "determination of drying rate of textiles under maximum water absorption," "sub (big) hemp cotton" and so on.

Recently, Ho Ho Leung foundation 2019 Annual Awards Conference was held in Beijing. 35 scientists and technicians won the "science and Technology Progress Award", and 20 scientists and technicians won the "science and Technology Innovation Award". Among them, the "Industrial Innovation Award" was 8, the "Youth Innovation Award" was 8, and the "Regional Innovation Award" was 4. The scientific and technological achievement award of the ho ho Leung foundation in 2019 was awarded to Wu Weiren, chief designer of China's lunar exploration project. He commended the important contribution he made to the deep space exploration research and the overall design and implementation of the lunar exploration project. In the textile field, Wang Huaping, vice president and researcher of Donghua University Research Institute, won the "Industrial Innovation Award" in the "science and Technology Innovation Award".

In the morning of November 21st, only two weeks later, the Hongkong Huasheng Textile Science and Technology Industrial Park project was signed by intense inspection, argumentation and negotiation. The signing ceremony was held at the Wudi County Administration Center, which marks the official settlement of the project in Wudi County, Binzhou City, Shandong province. Hongkong Huasheng is a leading manufacturer and supplier of textile, printing and dyeing and garment products in China. The textile industrial park project to be invested in Wudi County Economic Development Zone will become a modern textile science and technology industrial park integrating R & D, weaving, dyeing and finishing, and garments. The project is planned to use 1000 mu, with a total investment of RMB 2 billion yuan, and will be promoted in three phases. The first phase of the project will be 300 mu, with a total investment of RMB 500 million yuan, and construction of production plants, research centers, environmental protection facilities, auxiliary rooms and offices.

In November 19th, the reporter learned from the provincial transport department that Jiangxi province will formally set up the provincial port group, accelerate the integration of state-owned public terminals, actively promote the integration of non state owned public terminals, and do a good job in the basic work of port resource integration. According to introducing, Jiangxi province is a large province of water resources, and the water system is developed. However, water transport is the short board and weakness of Jiangxi's transportation. It is the biggest obstacle restricting the development of comprehensive transportation and modern traffic quality in the province. In 2018, the total freight transport volume of the province was 17.42 million tons, of which 1.15 tons of water transported goods accounted for only 6.6% of the total, while 28.5% of neighboring Anhui, 19% of Hubei and 9.1% of Hunan were much higher than Jiangxi. Water transport is the cheapest way of transportation, and the proportion of water transportation is low, which is the important reason why Jiangxi's logistics cost is higher than that of the whole country and higher than that of the surrounding provinces. According to the requirements, the basic integration must be completed before the end of May 2020.

The official website of the European Commission November 12th. On the same day, the European Commission sent a preliminary report to the Kampuchea authorities to summarize the results of the suspension of all trade preferences other than arms (EBA) launched by Kampuchea in February 2019. The purpose of the survey is to address concerns about human rights and labour rights in Kampuchea. Although the EU is still committed to working with the Kampuchea authorities, it still requires Kampuchea to make practical and credible improvements on the issues concerned so as not to withdraw the EU's preferential trade measures to Kampuchea. Kampuchea needs to respond to the EU's investigation report within 1 months. The European Union will make final decision on whether to temporarily cancel Kampuchea's tariff preferences in February 2020. At present, Kampuchea is the second most benefiting country of EBA. In 2018, the European Union imported 5 billion 300 million euros from Kampuchea, and 95% of the goods entered the EBA exemption, of which clothing and textiles accounted for about 3/4 (4 billion euros).

On November 22nd, Renault group worked with the French yarn company Les Filatures Du Parc and the world's leading automotive seat supplier Adient fabric to develop a unique interior fabric for Renault Zoe. This patent textile fabric is made entirely of recycled seat belts, textile waste and plastic bottles. The fabric can be used to make seat covers, instrument panel covers, transmission lever brackets and door fittings, which meet the high requirements of comfort, cleanliness, UV resistance linearity and durability. Renault said that through the innovative short cycle manufacturing process (short loop manufacturing), recyclable combed yarn can be produced without chemical or thermal conversion. Compared with the previous standard process, the carbon footprint can be reduced by more than 60%.