Stop Leaving The Field, Continue To Return Money, Wait And See Is Still Optimistic.

Market brief

In January 15th, China Cotton Reserve Management Co., Ltd. planned to purchase 7000 tons of Xinjiang cotton, and the actual turnover was 520 tons, with a turnover rate of 7.43%. The average price was 14107 yuan / ton, of which Xinjiang warehouse was 0 tons, and the mainland warehouse was 520 tons. From December 2, 2019 to January 15, 2020, the total turnover of Xinjiang cotton reached 37520 tons, of which 3160 tons were accumulated in the Xinjiang warehouse, and 34360 tons in the mainland stock market. A total of 52 enterprises were auctions. This week (January 13th -1 17) the highest price limit was 14107 yuan / ton (standard 3128B price), up 238 yuan / ton last week.

Zheng cotton shock down, the market wait-and-see atmosphere is strong, expect Zhengjie cotton rebound before the space is limited. Zheng cotton prices fell for 2 consecutive days, and the price of base point prices increased, but some of the cotton mills were closed. Some cotton mills also planned to leave before and after the small year, and the stockings before the festival were basically completed. The decline of the cotton mill brought opportunities to the base price purchase, but the purchasing power of the cotton mill was not high. In the past 2 days, the market enquiry and turnover had not been significantly increased. The main quotation of real estate cotton was temporarily stable. The price of Xinjiang cotton fell slightly. The market waited for the details of the Sino US trade agreement to be signed.

The price of acrylonitrile remained weak. The monthly price of the main factory was announced. Sinopec's January settlement price was 10650 yuan / ton, which basically met the market expectations. The middlemen held limited goods and sold the goods on a homebound basis. The lower reaches of the stock market came to an end, and the market activity gradually declined. Acrylic fiber prices remain stable, raw acrylonitrile prices are weak and shock, acrylic fiber cost pressure is weakened, and the market festive atmosphere is increasing, terminal demand performance is generally, acrylic manufacturers trader enthusiasm is not high, the recent price adjustment intention is very few, short term concern factory new message guidance, expected nitrile price will remain stable.

As of January 9th, the national cotton processing totaled 5 million 17 thousand and 500 tons, Xinjiang cotton processing totaled 4 million 884 thousand tons. The national lint test totaled 4 million 807 thousand and 700 tons, and Xinjiang cotton accumulated 4 million 668 thousand and 900 tons. As of January 15th, the number of cotton warehouses in China increased by 31984, increasing by 522, and 7117 effective forecasts. The total amount of warehouse receipts is 39101, which is equivalent to 1 million 564 thousand tons of stock.

In order to promote Lushan textile industry to become bigger and stronger, recently, Ya'an Financial Work Bureau, Ya'an branch of people's Bank of China and Ya'an branch of silver Insurance Bureau jointly issued the "financial support for Lushan's textile industry development six measures" (Ya Jin Fa [2020] 1), supporting the development of Lushan textile industry from innovating financial services products, increasing credit intensity, improving credit approval efficiency, improving financial services system, and reducing financing costs. First, organize banking financial institutions to carry out credit rating and credit support for Lushan textile enterprises every March. The two is to develop financial products and services innovation. Three, we should give full play to the guiding role of monetary policy tools and fully meet the needs of local legal financial institutions to support Lushan textile enterprises' re lending funds. The four is to make financial institutions' credit support to Lushan textile enterprises as an important indicator of financial services for local economic development, and fully mobilize financial institutions to support the enthusiasm of Lushan textile enterprises. Five, efforts should be made to reduce the financing cost of enterprises. Financial institutions are strictly prohibited to increase their financing costs in disguised form, regulate the behavior of service charges, clean up unnecessary "passages" and "bridge crossing" links, and reasonably control the loan interest rate level. The six is to establish an information sharing mechanism for investment projects.

According to Ethiopia Fang Na broadcasting company reported on January 8th, Shanghai Textile Group Limited has signed investment agreement with Ethiopia industrial park development company recently. It is reported that Shanghai Textile Group Co., Ltd. as the second largest textile company in China, will invest 65 million US dollars in the two phase Industrial Park of Ethiopia Baoli Lai m, and it is expected to create more than 4000 job opportunities.

In January 11th, the Handan garment industry association held the 2020 meeting. The theme of this annual meeting is to create a better future for Handan's textile and garment industry with the call of the times, innovative thinking and cooperative thinking. According to Zhang Chunlin, President of the industry association, the textile and garment industry in Handan has initially formed a complete industrial system of spinning, cotton textile, cashmere products, clothing, children's clothing, knitting, printing and dyeing, etc., and successively built up the cotton textile industrial cluster of Cheng, Qiuxian and Jize, the textile and garment industry cluster in Weixian, the children's clothing industrial cluster in Cixian, and 132 enterprises in the city's textile and clothing enterprises, with an annual revenue of nearly 20 billion yuan and 7 employees. In 2020, Handan's textile and garment industry will run high, fine and sharp.

In January 3rd, the Keqiao fashion alliance held a launching ceremony at Keqiao international textile CBD international fashion publishing center. The Keqiao fashion alliance is sponsored by the China Textile Information Center, the national textile product development center and the China Light Textile City Construction and Management Committee of Keqiao District of Shaoxing. Relying on the Research Institute of fashion trends of China Women's wear fabrics, taking the transformation of service enterprises and promoting industrial upgrading as the starting point, Keqiao's fashion industry's collaborative development is taken as the mission. It is committed to the joint innovation of Keqiao's excellent innovative textile and garment enterprises, textile and garment industry organizations, and industry experts in related fields, so as to form the fate community of Keqiao's fashion industry development. Through the open integration, coordinated development and industrial linkage, we will promote the overall process of Keqiao's fashion and creative industries, enhance the sustainable kinetic energy of Keqiao's fashion and creative industries, and promote Keqiao's strategic emerging opportunities from the aspects of fashion design, technological innovation, personnel training, market promotion and Industrial Synergy, so as to achieve win-win industrial cooperation, help Keqiao transform and upgrade from traditional textile manufacturing industry to fashion and creative industry, build a perfect fashion industry ecosystem, and create an international fashion and creative industry cluster area.

From the autonomous region's agricultural and animal husbandry machinery administration, it was noted that in 2019, the level of mechanization of cotton production in Xinjiang increased steadily, and the area of machine picked cotton was broken through. In 2019, the cotton mining area in Xinjiang reached the first breakthrough of 11 million 500 thousand mu, and the cotton fields in the main cotton areas of Northern Xinjiang achieved full mechanization. The mechanization rate of cotton harvesting in the southern Xinjiang region was also increasing year by year. Xinjiang's position as the national high quality cotton production base was further consolidated. According to the latest data from the National Bureau of statistics, the cotton planting area in Xinjiang (including Xinjiang production and Construction Corps) in 2019 was 38 million 107 thousand and 500 mu, an increase of 2% over 2018, accounting for 76% of the total area in the country. Meanwhile, the number of cotton pickers in Xinjiang increased rapidly, with an increase of more than 800 in 2019, mainly made in China. At present, the number of cotton pickers in Xinjiang is around 5000 units.

In the last month of 2019, the good expectation of the first phase agreement between China and the US led to the rapid rise of textile and garment exports. According to the data released by the General Administration of Customs of China, rapid growth was achieved in Renminbi and dollar terms in the month, and the total export volume increased by RMB in the year. According to the RMB, exports amounted to 175 billion 320 million yuan in that month, up 9.3% from the same period (the same below), of which 77 billion 340 million yuan for textile exports, 12.8% for growth, 97 billion 980 million yuan for clothing exports, and 6.7% for growth. In 1-12 months, textile and apparel exports totaled 1 trillion and 873 billion 10 million yuan, an increase of 2.6%, of which 828 billion 320 million yuan of textile exports, an increase of 5.5%, clothing exports 1 trillion and 44 billion 690 million yuan, a slight increase of 0.3%. In dollar terms, exports of textiles and clothing increased by US $24 billion 950 million in December, an increase of 7.9%, of which 11 billion 10 million US dollars in textile exports, an increase of 11.4%, and clothing exports 13 billion 950 million US dollars, an increase of 5.4%. In the 1-12 months, textile and apparel exports totaled 271 billion 570 million US dollars, down 1.9%, of which 120 billion 200 million US dollars in textile exports, a slight increase of 0.9%, and clothing exports 151 billion 370 million US dollars, down 4%.

Russian news agency website reported on January 10th, Russian clothing and footwear sales since 2015 for the first time reduced. According to experts estimates, in 2019, the Russian fashion market turnover decreased by 3-4%, sales of about 2 trillion and 300 billion roubles. It should be noted that this is the first decline since 2015, and sales fell by 9% to 2 trillion and 270 billion rubles in 2015. Analysts pointed out that the decrease in turnover is related to the reduction of real income of residents. According to data from Russian Federation's National Bureau of statistics, the actual income of Russian residents dropped by 0.8% in 1-9 months in 2019. In the late autumn and winter, under the exceptionally warm weather background, the reduction of winter clothing sales is also one of the factors that affect the market decline. In addition, market participants pointed out that the volume of shopping centres decreased. According to Watcom group's calculation, in 2019, the index of shopping index reflecting the number of visitors per square metre retail area in Moscow in 2019 was 17% lower than that in 2013. Analysts expect no major changes to the Russian fashion market in 2020.

Market curve