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    Is There A Big Stalemate In The Purchase And Sale Of Lint? Can Short Selling Be Sold In Full And Can We Expect The Advance Sale?

    2019/12/26 18:40:00 0

    Textile Market

    Market brief

    China reserve cotton Management Co., Ltd. is going to purchase 7000 tons of new cotton in December 25, 2019. The maximum price will be 13522 yuan / ton (discount standard 3128B price). The actual turnover was 520 tons, with a turnover rate of 7.43%. The average price of the transaction was 13522 yuan / ton, which was flat compared with that of 23. The highest price of the transaction was 13522 yuan / ton, which was flat compared with 23 days. The lowest price was 13522 yuan / ton, which was flat compared with that of the 23 day, of which Xinjiang warehouse was 0 tons, and the inland warehouse was 520 tons.

    Zheng cotton main shock dropped, bulls sharply reduced positions, short-term target position 13200 yuan / ton concussion finishing. Spot lint sales are not very hot. At present, there are fewer orders in the ginning mills in the mainland, the competitiveness of lint cotton is weaker, the processing scale of the cotton mill is limited, and there is no demand for stockpiling before the festival. The new cotton trade in Xinjiang continues to be weak, and the inventory of the cotton mill is larger and the sales are relatively slow. The prices of high quality and high-grade cotton are relatively strong. Although it is only a month away from the Spring Festival, the downstream cotton mill takes into account the post holiday demand and the current situation is not ideal. It has not yet started the replenishment of raw materials, and is still mainly used for mining. The domestic cotton purchase and sale have been deadlocked.

    The price of acrylonitrile is kept steady. At the end of the month, the middlemen hold a very small number of goods. Businesses are gradually leaving the market to wait and see, offer to maintain, wait and see the restart of other factories' monthly repairs and maintenance devices, the operators are cautious in their trading positions, and there are no other guidelines in the short message, and the price of acrylonitrile market is expected to be sideways. Acrylic fiber prices remained stable. Near the end of the year, the purchasing mentality of downstream cotton mills was cautious, maintaining on-demand stockings, and waiting for the guidance of new information on raw materials in the post market. However, the cost pressure of acrylonitrile plant continued and it was difficult to shift down. The factory offer mentality was stable.

    Ministry of agriculture and rural areas: as of the beginning of December, domestic cotton picking basically completed in 2019/20, sales and processing progressed smoothly, and the total number of cotton notarization tests in the whole country reached 3 million 403 thousand tons, a slight decrease compared with the same period last year. This month, cotton production in 2019/20 was 5 million 800 thousand tons, unchanged from last month's forecast value, down 4% from the previous year. China's cotton imports remained at a low level in 2019/20, and the export situation of textile and clothing was unfavourable. Before the Sino US trade negotiations are unclear, cotton prices will remain low, and the cotton price forecast interval for the new year will remain unchanged.

    In the 2014-2016 year, the state carried out a pilot project of cotton target price reform in Xinjiang, and achieved remarkable results. The state decided to start the second round (2017-2019 years) deepening reform in Xinjiang. In 2019, the second round of reform ended. After 2020, the state has not yet decided whether to continue to implement the cotton target price reform policy; the policy continuity is related to the practical interests of farmers in our region, the implementation of poverty alleviation, social stability and long-term stability, and the sustainable development of the ecological environment. Therefore, it is necessary to carry out research and Exploration on the new mechanism of "insurance + futures" in cotton, and establish an alternative path for future cotton target price reform subsidies.

    In December 24th, experts from the Ministry of science and technology development of the China Federation of textile industry jointly carried out the acceptance study on the key technologies of the master slave control ring spindle electrical spindle system and the dynamic characteristics of the parametric frequency changing high speed winding machine in the whole cycle production process, organized by Donghua University in Shanghai. The acceptance expert group heard the report of two projects, reviewed relevant information, and questioned and discussed that the two projects had completed the requirements stipulated in the task document, and agreed to accept the conclusion. The key technology research of the main spindle control spindle ring spindle electrical spindle system is focused on the realization of the high efficiency and low cost electric spindle motor and its control system. The high efficiency and low cost drive system of the hollow cup motor and two control systems are developed. The theoretical analysis model of the vibration characteristics of the electric spindle is presented, and the vibration characteristic detection system of the spindle is developed based on image processing technology. The testing platform for the mechanical characteristics of the motor is developed. The project laid a technical foundation for the research and application of the ingot motor and its control system. During the implementation of the project, 13 papers were published, 6 patent applications were granted, 4 were authorized, and 9 postgraduate students were trained.

    In December 22nd, Changning City held the investment promotion forum of Dongguan textile industry base in Dongguan and the new year's meeting of Hunan Changning chamber of Commerce. There are 10 contracted projects, involving plastic hardware, garment accessories, washing, textile and other industries, with initial estimated funding of 600 million yuan. It is understood that the southern Hunan textile industrial base project is a vivid practice of Changning City undertaking industrial transfer. It has been selected as the "100 key industrial projects in Hunan" and "eight hundred billion industrial clusters in Hengyang". The project is made up of clothing production Park and environmental protection facilities park. Recently, the cowboy town has been built on the basis of the cowboy apparel industry chain, and extended to home textiles, cotton and linen, textile and so on. It is planning to build a textile manufacturing and export base integrating research and development, design, theme culture, production, display, network platform, sales, export, logistics and so on, with global influence and international competitiveness. The overall planning of the project is about 6 square kilometers, with a total investment of 10 billion yuan, 1 billion 500 million annual output of postpartum clothing, 100 billion yuan of annual output value and 30 billion yuan of annual export trade.

    In December 23rd, the Brazil Foreign Trade Commission (CAMEX) issued Resolution No. nineteenth of 2019, making the first definitive final review of the nylon line originating in China, Taiwan, China and South Korea, and decided to continue to impose anti-dumping duties on the products involved. (the specific tax is shown in the attached table: tax table for enterprises involved), which is valid for 5 years. The tax number 5402.31.11, 5402.31.19 and 5402.45.20 of the products involved in the case.

    Pakistan Bureau of statistics data show that in the first 5 months of 2019/20 fiscal year (7-11 months), Pakistan's textile and clothing exports reached 5 billion 760 million US dollars, an increase of 4.68% over the same period last year. After five years' gap, the overall improvement of current account is mainly due to the increase in textile and clothing exports and the decline in oil and food imports. In November, Pakistan's textile and clothing exports amounted to US $1 billion 170 million, an increase of 7.03% over the same period last year, up from 1 billion 90 million US dollars in the same period last year. Among them, the export volume and export volume of knitwear increased by 8.69% and 6.05% respectively, followed by bedding items, which increased by 4.69% and 14.37% respectively. Exports of garments increased by 13.19%, exports increased by 35.95%, and towel exports increased by 1%. Cotton exports increased by 2.87%, raw cotton exports increased by 3.67%, non cotton yarn exports increased by 2.81%, art and silk grew by 10.7%, and cotton cloth exports decreased by 3.74%. The total export volume from July to November this year amounted to US $9 billion 540 million, an increase of 4.79% over the same period last year.

    In December 1, 2019, the protocol on the revision of the free trade agreement between the government of the People's Republic of China and the Islamic Republic of Pakistan government came into effect. At present, China and Pakistan have completed relevant domestic procedures, and the tax reduction arrangement for the protocol will take effect from January 1, 2020. According to the protocol, after the implementation of the tax reduction arrangement, the ratio of the zero tariff product tax items between China and Pakistan will gradually increase from 35% to 75%. In addition, the two sides will also implement a partial tax reduction of 20% yuan for other products that account for 5% of their respective tax collections. Specific tax reduction arrangements can be querying China free trade area service network. The implementation of the tax reduction arrangement of the protocol will further expand the market opening between the two countries, so that enterprises and consumers of both countries can enjoy more concessions and promote the construction of China Pakistan Free Trade Area into a new stage.

    Vietnam investment news 25 reported that the Vietnamese textile and Apparel Association statistics show that in 2019 Vietnam's textile and clothing exports totaled about 39 billion dollars, of which, exports to CPTPP members were 5 billion 530 million dollars, an increase of nearly 7%, accounting for 16.8% of total exports. Exports to CPTPP members were not as fast as expected, especially for exports to the main market, for example, exports to Japan were only 3 billion 900 million US dollars, an increase of less than 4%, and exports to Singapore were only 95 million US dollars, down 12.5%.

    Market curve

     

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