Acrylonitrile Continues To Slide. How Large Is The Space For The Reduction Of Acrylonitrile? Yarn Load Increases, Market Turnover Can Be Expected?

Market brief

In February 19th, China Cotton Reserve Management Co., Ltd. planned to purchase 7000 tons of Xinjiang cotton and 0 tons actually. In the twelfth week (February 17th -2 21), the bid price was 13672 yuan / ton (standard 3128B price), down 43 yuan / ton compared with the previous week. Last week (February 10-14), China Cotton Reserve Management Co., Ltd., purchased 51 thousand tons of Xinjiang cotton, and the actual turnover was 15400 tons, with a turnover rate of 30.2%. This week, due to the decline in the maximum price of the reserve cotton wheel, the transaction enthusiasm of the storage and storage enterprises was significantly reduced, and no turnover was made this week.

Zheng cotton shock consolidation, short cut warehouse, downstream textile enterprises have resumed production, but logistics recovery is slow, cotton demand recovery is also slow, zhengmian short term facing the direction of choice. Cotton spot market has changed little, cotton mill procurement is cautious, lint turnover is still low, and the local cotton mill has not yet resumed production. However, as the logistics situation improves, sporadic cotton ginning plants begin to sell cotton, the price of lint cotton is flat, the market wait-and-see sentiment is strong, and the turnover of cotton lint is mostly based on the demand for orders, the purchase and sale is in a weak position, and the cotton price lacks effective support, waiting for the domestic market. Demand is effectively released, short term guidelines are inadequate, and cotton prices are mainly sorted out.

The acrylonitrile mainstream factory offer continued to decline, the current price reference is 9500 yuan / ton, the mainstream downstream plant load continues low, the acrylonitrile market has a poor trading atmosphere, the intermediate business reports refer to factory prices, terminal demand performance is poor, acrylonitrile market bearish atmosphere continues, the market pays more attention to factory monthly guidance guidelines, and the short term acrylonitrile market price is expected to continue weak. Potential. Acrylic fiber market still has no obvious changes. Downstream factories are slow to resume production, with limited trading places, small single shipments of acrylonitrile plants, accumulated factory inventories, and low productivity of industrial capacity. However, the price of acrylonitrile is weak and volatile in recent years, and the price of acrylic fiber is kept down. We need to pay attention to factory price guidelines. At present, 1.5D manufacturers offer a temporary reference of 13700-14500 yuan / ton.

According to the cotton Logistics Association of China Cotton Association, the survey data of 152 cotton delivery and supervision warehouses in 18 provinces and municipalities nationwide showed that the total inventory of cotton turnover in China was about 4 million 486 thousand and 900 tons at the end of January 2020, representing a reduction of 93 thousand and 900 tons from last month, up from 123 thousand and 400 tons in the same period last year. Among them, the turnover of commodity cotton in the mainland was 631 thousand and 800 tons, an increase of 71 thousand and 400 tons, including 535 thousand tons of Xinjiang cotton, 31 thousand and 600 tons of imported cotton and 65 thousand and 200 tons of real estate cotton. The turnover of 43 cotton warehouses in Xinjiang was 3 million 855 thousand and 100 tons, down 165 thousand and 300 tons, down from 81 thousand tons in the same period last year.

In February 18th, the Ministry of Finance and the General Administration of Taxation jointly issued the notice on supporting the opening of the value added tax policy to the goods futures market, so as to support the opening up of the commodity futures market. According to the notice, from November 30, 2018 to November 29, 2023, the value added tax is temporarily exempt from the bonded futures business of goods futures opened by the State Council for approval. The notice points out that if the goods actually delivered in the above futures transactions are imported or exported, they should be implemented in accordance with the current import and export tax policies. The futures physical delivery of non bonded goods is still carried out in accordance with the regulations of the State Administration of Taxation on the issuance of the "specific measures for the collection of value added tax on goods futures" (No. 244 of the national tax [1994]).

According to the spirit of the CPC Central Committee on "increasing capital investment and ensuring the needs of epidemic prevention and control in various areas", approved by the State Council, in February 14th, the Ministry of Finance allocated the second batch of new coronavirus pneumonia epidemic prevention and control grants in 2020 to 8 billion yuan, supporting the development of epidemic prevention and control work in various regions, of which 3 billion 500 million yuan was allocated to Hubei province. As of February 14th, the finance at all levels had allocated 90 billion 150 million yuan for the epidemic prevention and control subsidy, of which the central government allocated 25 billion 290 million yuan, which provided a strong guarantee for epidemic prevention and control.

Recently, approved by the Xianyang Municipal Committee of the CPC, the Xianyang Municipal Commission for discipline inspection conducted a case investigation and investigation on the violation of discipline and law by Ji Deliang, the former Secretary of the Party Working Committee of the Xianyang Xinxing Textile Industrial Park and the former deputy director of the management committee. According to the investigation, Ji De Liang violated the organizational discipline and decided personal matters seriously, instead of reporting personal matters in real time. He violated the discipline of integrity and sent gifts to state functionary illegally. He secretly decided to contract the project to his relatives and help his relatives to gain benefits. He violated the discipline of life and violated the laws and regulations of the state, which constituted a violation of his duties. By taking advantage of the convenience of his position and the convenience of his status, he can seek benefits for others and accept property, and he is suspected of taking bribes. In accordance with the relevant provisions, the government decided to give Ke Deling the punishment of expulsion from the party and to discharge public office, to collect the proceeds of discipline violation, and to transfer the suspected criminal problem and the property involved to the procuratorial organ according to law.

In the afternoon of February 17th, a new central European train carrying the printing equipment "Rong Xin Ou" completed customs clearance at the Huoerguosi port of Xinjiang, and was about to be sent to Poland. This is the sixty-first Central European train from Huoerguosi port since February this year. In February 15th, a series of Central European trains loaded with 850 tons of cotton yarn were successfully entered by the Alashankou port. According to the customs of Urumqi, the majority of the imported Central European trains were temporarily suspended or delayed shipment in late January of this year, and the number of entry and exit classes decreased significantly. During the period of epidemic prevention and control, Xinjiang customs and railway departments implemented paperless operation of the transfer, and implemented "on-site entry, real-time audit" for inspection goods, minimizing the workload of customs declaration. At the same time, other than the safety inspection items that must be implemented at the ports, other projects should be transferred to the destination as far as possible to speed up the clearance of the central and European trains. Since January this year, the Huoerguosi port and the Alashankou port have more than 730 entries in China and Europe. The export commodities are mainly electrical and mechanical products, clothing, department stores, electronic products and so on. Imported goods are mainly cotton yarn, building materials and so on.

19, 2020, Wujiang spring major projects started the cum international new material industry park signing ceremony. The focus of this project involves six textile and chemical fiber projects: 1, Hengli international new material industrial park. 2. Wujiang advanced functional fiber innovation center. 3. Shixiang biological differential fiber yarn. 4, Sheng Heng Chemical fiber differential functional fiber. 5, Jiali high fiber super simulation functional fiber. 6. Mid perch technology PET regenerated fiber. Among them, Hengli international new material industrial park is located in FenHu high tech Zone, Wujiang, invested by Hengli Group Co., Ltd. Covering an area of 1000 mu and a total investment of 20 billion yuan, it is mainly engaged in R & D, production and marketing of new polyester materials, high-end films, engineering plastics and new medical materials, with an annual capacity of 1 million tons and annual sales revenue of 50 billion yuan.

Laos People's Daily recently reported that the import and export volume of Laos garments amounted to US $235 million in 2019, of which Laos exported US $212 million to 55 countries in Europe, Asia, Latin America and the Middle East. The top three export destinations were Germany, Japan and Sweden, and imported $23 million, and the top three largest importing countries were China, Vietnam and Thailand.

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