With The Increment Of The Shipment, The Price Is Sticky And The Factory Is Running Up. How Much Can The Yarn Order Be Restored In March?

Market brief

In February 26th, China Cotton Reserve Management Co., Ltd. planned to purchase 7000 tons of Xinjiang cotton, and the actual turnover was 4480 tons, with a turnover rate of 64%. The average price was 13701 yuan / ton, of which Xinjiang warehouse was 0 tons, and the mainland warehouse was 4480 tons. This week (24-28 February) a total turnover of 7080 tons, the turnover rate of 34%. Thirteenth weeks (24-28 February), Xinjiang cotton entered the bid price (discount standard grade 3128B) 13716 yuan / ton, up 44 yuan / ton.

Zheng cotton continued to go low and low, with a small reduction in positions and a worsening epidemic in Japan and South Korea. The market is worried about the reduction of China's textile and clothing exports. It is expected that short-term cotton will maintain a weak trend. Spot cotton prices continued to decline slightly, the market wait-and-see sentiment is strong, cotton mills just need to purchase, preferentially choose the cost effective cotton warehouse list and other resources, the lint market buying and selling atmosphere has not yet restored to the pre holiday level. With the downward trend of cotton and cotton enterprises, the average price of the transaction has changed little. With the acceleration of logistics recovery, the number of domestic cotton textile enterprises has increased, the demand for better expectations has been enhanced, the cotton price has continued to fall, but the demand for terminal recovery has been slow. Cotton prices also do not have rising kinetic energy. It is expected that the short-term spot cotton prices will continue to shake the finishing trend.

Acrylonitrile quotation weak stable finishing, the market has heard of low price offer, terminal plant reworking slow rhythm, mainstream downstream plant load is still low, acrylonitrile market atmosphere is not good, intermediate business reference factory price, terminal demand performance is poor, acrylonitrile market air atmosphere continues, real single transaction is limited, short term acrylonitrile Market price is expected to continue. Weak shocks. Acrylic fiber prices continue to be stable, 1.5D acrylic fiber temporary reference of 13700-14200 yuan / ton, downstream factories have not yet recovered much of the production, the acrylic fiber industry is not flourishing, but the acrylic fiber plant load is still not high, the trader's mentality is stable, the raw material acrylonitrile price is weak in the near future, the cost of acrylic fiber is weakened, the cost of acrylic fiber is weakened, and the market is expected to reduce the price of acrylic fiber. Line acrylic fiber price stabilization.

In February 24th, the Sinopec group decided that in view of the serious situation of the current national epidemic prevention and control and the shortage of the core raw materials of the masks, we should organize the supply of raw materials and build up 10 melted spray production lines quickly. It is understood that Sinopec will invest about 200 million yuan, in Beijing Yanshan petrochemical and Jiangsu Yizheng chemical fiber two enterprises to build a melt blown non-woven fabric (melted spray cloth), spunbonded cloth production line. Beijing Yanshan Petrochemical Company will build 2 melted spray production lines and 3 spunbonded cloth production lines, and strive to achieve partial melt injection in March 8th. Yizheng chemical fiber will build 8 melted spray production lines, which will be put into operation in mid April.

In February 25th, the reporter learned from the China Light Textile City Construction and Management Committee of Keqiao district that as of February 24th, there were 17320 remanufacturing businesses in the light textile market, with a turnover rate of 79.6%, and the transaction volume was 1 billion 523 million yuan. The consignment enterprises resumed 153 businesses, and the rate of resumption was 86%. The resumption of industry in China's textile city has effectively promoted the recovery of the whole industrial chain of textile industry. At present, more than 1200 enterprises and 290 key foreign trade enterprises in Keqiao district have all returned to work.

Jiangsu Lian FA textile Limited by Share Ltd released the 2019 annual performance bulletin. During the reporting period, the company achieved operating income of 3 billion 913 million 40 thousand yuan, down 6.13% from the same period last year, and realized operating profit of 481 million 200 thousand yuan, down 5.28% from the same period last year. The total profit was 482 million 660 thousand yuan, down 4.54% compared to the same period last year, and the net profit of the shareholders belonging to the listed company was 36. 8 million 230 thousand yuan, down 5.66% compared with the same period last year. The main reasons for the decline in corporate profits are: 1) the reduction in orders and sales revenue this year; 2) the increase in the cost of equity incentive.

Mutual textiles (01382) issued a notice. Following the resumption of operation of the Panyu plant in Guangdong group in February 12, 2020, workers gradually returned to their original jobs. As the number of workers returning to work has increased, the production level of the Panyu plant has increased from 40% of its original production level (February 14, 2020) to over 80% of its original production level (February 25, 2020). It is estimated that a temporary shutdown and production gap lasting 3 weeks before the resumption of production will have a temporary impact on the overall production level of the group. Based on the information available to the board of directors and the preliminary assessment of the financial impact of short term discontinued production, the estimated sales revenue will be reduced by about 400 million to HK $450 million compared with the original production plan before the Lunar New Year holiday.

Recently, the Zhejiang provincial finance department and the science and Technology Department jointly issued the notice on the construction of a special financial incentive fund for the provincial industrial innovation service complex in 2020. Lanxi's cotton textile industry innovation service complex was included, and the special incentive fund was 20 million yuan. The special fund will focus on the comprehensive construction and related R & D expenditure, and ensure the effectiveness of the industrial innovation service complex construction. The innovative service complex of Lanxi cotton textile industry is the carrier of the one-stop industrial innovation service integrated management platform of the cotton textile industry in the city. Around the core goal of "high quality development", through the "one-stop" service of scientific and technological innovation, it highlights the core functions of intelligent manufacturing transformation, cotton textile quality inspection service, incubation and display of scientific and technological achievements of cotton textile enterprises. To create an innovation driven engine for industrial upgrading and provide professional services support.

India's rating agency Ind-Ra has downgraded the outlook for India's textile industry from a stable state to a negative growth in the year of 2020/21, because of the weak domestic demand growth, the threat of cheap imports and the reduction of incentives and the possible export volume of India. Rating agencies estimated that the yarn production in 2020/21 will remain low due to the lack of visibility of wholesale demand. It is also unfavorable to the commodity sector, and it is expected that the utilization rate of the cotton spinning plate under the spinning mill will increase slightly. Industry consolidation will continue in 2020/21, while small and medium-sized participants are still struggling. According to the Ind-Ra data, due to the weak demand in China, coupled with the decline in its own cost competitiveness, the demand for domestic textiles may decrease, resulting in the decline in textile production in 2020/21.

In February 9th, the US Federal Trade Commission (FTC) issued the G/TBT/N/USA/1584 TBT bulletin through WTO. According to the circular, FTC proposes to amend the rules and regulations under the textile fiber product identification act to incorporate the latest ISO2076 standard "generic fiber names", reduce compliance costs and increase the flexibility of information disclosure for textile fibers. The deadline for evaluation is April 19, 2020.

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