The Price Of Cotton Reserves Is Still Rising, And Prices Are Still Falling.

Market brief

Zheng cotton continued to shock and explore, the short position increased, the market wait-and-see atmosphere was strong, Zheng cotton continued to fall, the market confidence began to waver, and the willingness of holding cotton enterprises to raise storage increased. In December 4th, Xinjiang cotton entered the listing amount of 7000 tons, actually clinched 6560 tons, and the turnover rate was 93.71%. The average transaction price was 13146 yuan / ton, down 86 yuan / ton compared with the previous day, of which 200 tons of Xinjiang storehouse were traded, and 6360 tons of inland warehouse were traded. Zheng cotton continued to fall and overlay poor demand, the spot lint transaction was slack, fixed price resource turnover basically stagnated, cotton mill price point procurement was mainly, and spot lint price fell with the disk. In the aspect of cotton in the mainland, seed cotton resources are limited, farmers are reluctant to sell, seed cotton purchasing prices are hard to fall, sales of lint cotton are not good, prices are falling, the operation difficulty of ginning plants is rising, and the enthusiasm of purchasing cotton has declined. On the whole, the demand is low and the supply pressure is affected. The price of the cotton mill is loosening, and the short-term price of lint is still weak.

Acrylonitrile prices remain strong and volatile, the market turmoil is difficult to change, the supply of goods in the spot market is tight, the contract sales of intermediaries are the main selling point, spot sales are not very high, but there is little demand for solid sales, and downstream demand remains stable and just needed. However, under the tight market situation, intermediaries are not losing their mentality, and the short-term market volume is hard to ease quickly, and the price of acrylonitrile will remain strong. Acrylic fiber prices remained stable, terminal orders were limited, acrylic fiber prices fell, the overall demand changed little, some customers have replenishment, at present, acrylic fiber prices are temporarily located at the bottom of the stage. Downstream factories have optimistic expectations for orders in the future market, raw material purchasing enthusiasm is not high, nitrile fiber market pays close attention to raw material acrylonitrile trend, and acrylic fiber prices are expected to remain stable.

By the end of December 3rd, there were 911 cotton enterprises in China and 3 million 675 thousand and 600 tons of total cotton processing, including 3 million 602 thousand and 100 tons of lint processing in Xinjiang, and 3 million 110 thousand and 300 tons of cotton wool in Xinjiang. 3 million 38 thousand and 800 tons of lint were tested in the country. As of December 3rd, the number of cotton warehouses in China increased by 19921, increasing by 496, and 4696 effective forecasts were increased by 126. The total amount of warehouse receipts is 24617, which is equivalent to 984 thousand and 680 tons of stock.

In the 1~10 month of 2019, the output of printing and dyeing fabrics in scale printing and dyeing enterprises increased by 44 billion 169 million meters, an increase of 4.51% over the same period in 2018, and the growth rate was 2.45 percentage points higher than that of last year. In the 1~10 month of 2019, the proportion of printing and dyeing enterprises above Designated Size three was 6.75%, which was 0.17 percentage points higher than that in the same period in 2018. Among them, cotton printing and dyeing enterprises were 6.44% and chemical fiber dyeing and printing enterprises were 9.17%. In the 1~10 month of 2019, 1622 major printing and dyeing enterprises realized the main business income of 226 billion 487 million yuan, a decrease of 0.63% compared with the same period in 2018, and realized a total profit of 11 billion 142 million yuan, an increase of 4.26% over the same period in 2018. The export value of Enterprises above designated size was 34 billion 613 million yuan, an increase of 3.11% over the same period last year. In the 1~10 month of 2019, there were 345 loss making enterprises in scale printing and dyeing enterprises, with a loss of 21.27%, an increase of 1.13 percentage points over the same period last year. The total deficit of deficit companies amounted to 1 billion 419 million yuan, a decrease of 0.86% compared with the same period in 2018.

According to the National Bureau of statistics, in the first three quarters of this year, the operating income of the above scale wool textile enterprises showed a decline of 3.26% compared with the same period last year, which was lower than that of the textile industry 0.9%. The gross profit of the wool textile enterprises decreased by about 1 billion 200 million yuan, or 42%, the average profit rate of the industry was 1.6%, down 1.2 percentage points from the previous year, and the average profit rate of the wool textile industry was also far lower than the average profit rate of 3.85% of the textile industry. The three quarter data show that the operation pressure of the wool textile industry has further increased, and profitability has declined.

In December 3rd, 2019 social forces participated in the Symposium on disaster relief and poverty relief and the warm winter operation ceremony was held in Beijing. The symposium mainly focused on the experience and innovation of social forces participating in poverty relief work, and explored ways to participate in national emergency response more timely, effectively and accurately. Wang Peng, Deputy Secretary General of the China foundation for poverty alleviation, shared the exploration and thinking of the poverty alleviation and relief work of the China foundation for poverty alleviation. Ye Zhimin, executive vice chairman of the textile optical technology foundation, shared the effective participation of the textile light foundation in helping the poor and disaster relief work. Tong Xin Ran, deputy director of the disaster reduction project Department of Beijing Normal University risk management innovation research center, shared the achievements and innovation cases of Chinese social forces participating in poverty relief work. XTEP (China) Co., Ltd., Ningbo Taiping bird fashion dress Limited by Share Ltd, Jiangsu Egg Sky Clothing Technology Development Co., Ltd., Fujian seven wolves industrial Limited by Share Ltd, Jin Ba male clothing Limited by Share Ltd and other first love enterprises to the China Poverty Alleviation foundation pledged 40 million 696 thousand and 500 yuan worth of materials.

In December 3rd, the launching ceremony of the 1688 SME business school site in Dalang was solemnly held in the Da Mao weaving trade market. After more than 40 years of cultivation and development, Da Long Mao has become one of the most large-scale industrial chains in the country. Under the new economic background of the Internet, we are facing new opportunities and challenges. In order to better serve the Dalang electric business enterprises and promote the industrial development, 1688 small and medium enterprises business school, Dongguan, creative Valley, Dalang electricity supplier Association, and wool garment designers association established the first town street 1688 SME business school training site in Dongguan. The site relies on Dalang industrial belt resources and location advantages, with the help of Alibaba 1688 talents, technological advantages and platform advantages, to train talents with excellent commercial quality and innovative and entrepreneurial ability, and provide better service for Dalang talents cultivation, and promote the development of Dalang electric business.

On the morning of December 3rd, the Zhengzhou workstation unveiling ceremony and the Yangshao silk discovery news conference were held in Xingyang, the key scientific research base of the textile and Cultural Relics Protection Bureau of the State Cultural Relics Bureau (China Silk Museum). Since 2015, the bone carving silkworm relics of Yangshao culture period have been discovered at the site of Gongyi's double pagoda tree, and silk has been discovered in the ruins of Qingtai, Xingyang. These discoveries have proved that the silkworm filming began in the Yangshao culture more than 5000 years ago in ancient China, and provided important academic research value for the protection of textile relics in ancient China. At the Qingtai site in Xingyang, archaeologists also found 9 monuments that resemble Beidou stars and form a Beidou nine star model. After identification and demonstration, it was agreed that the size of the "Beidou ninth star" sign found at the Qingtai site is basically the same as the actual brightness of the celestial body, which is undoubtedly an astronomical monuments.

The latest figures show that the global output of organic cotton has soared by 56%, reaching the highest level of production in 8 years, of which India, China and Kyrgyzstan are the largest contributors. At present, there are 19 countries / regions in the world in organic cotton cultivation. "Organic cotton market report" shows that 98% of organic cotton production comes from 7 countries: India (47%), China (21%), Kyrgyzstan (12%), Turkey (6%), Tajik (5%), the United States (3%), Tanzania (3%). In 2017/18, the output of global organic cotton reached 180971 metric tons (MT), the highest level of production since 2009/10. Despite the surge in global production, organic cotton still accounts for 0.7% of the world's total cotton output.