Zheng Cotton Low Rebound, Spot Cotton Prices Can Follow Up? Spring And Summer Orders Vacuum Period, Yarn Price Depends On What To Support?

Market brief

Xinjiang cotton will continue to suspend trading on wheels. If the difference between domestic and foreign cotton prices is reduced to less than 800 yuan / ton later, it will restart the first round of trading after the first fall of business. According to the regulations, the total cotton rotation time in March 31st is 500 thousand tons. According to statistics, from December 2, 2019 formally began collecting and storing. By February 28, 2020, the total turnover of Xinjiang cotton had reached 164080 tons, of which 12480 tons were accumulated in the Xinjiang warehouse, and 151600 tons were accumulated in the mainland warehouse. The average transaction price was 13652 yuan / ton, and the highest price was 14197 yuan / ton, and the lowest price was 12879 yuan / ton.

Zheng cotton went up and down sharply, but the market was pessimistic, but the market was still worried about the reduction of foreign trade orders. The operators continued to be cautious, and the spot lint was not very hot. The demand for domestic terminals recovered less than the same period in the past year. The raw materials purchased from the downstream mills were prudent, and the demand for spot purchase was the most important, and the ginning factory continued to wait and see. Traders' quotations are active. Chen cotton warehouse list is relatively active because of its high cost performance. Recently, the turnover of textile enterprises has been resumed, and cotton consumption will continue to increase. But the demand for full recovery will still take time.

Acrylonitrile market is weak and volatile, some factory prices continue to decline, acrylonitrile plant gradually restarted, supply is expected to increase, the market looks at the air atmosphere, the intermediaries watch carefully, the offer is steadily declining, the market has heard of low price offers, the market is limited, and there is no good news guide for the fundamentals of supply. The short term acrylonitrile market is still weak and volatile. 。 Acrylic fiber prices remain stable, short staple 1.5D manufacturers offer a provisional reference of 13700-14200 yuan / ton, downstream businesses gradually resume work, and there are many raw materials inventory, general enthusiasm for the purchase of acrylic fiber, general market turnover atmosphere, although the cumulative storage of acrylonitrile plant, but raw materials acrylonitrile weak shock, acrylonitrile factory no cost pressure, manufacturers offer a stable mentality, short term acrylic fiber prices are expected to remain stable. Fixed.

In March 1st, Guangzhou white horse clothing market officially resumed. Merchants and purchasers are required to enter the field by means of "Sui Kang code", "white horse pass" and "recent action track". Visitors can receive free health packs containing masks and disposable hand sanitizers. On the day of the opening day, 810 businesses opened and the opening rate was over 80%. The opening rate in a week or so could reach over 95%. Insiders said that the professional market represented by white horse has been orderly resumed, and the demand for purchasing two level wholesale and merchants will be eased before restarting the vitality of the garment industry.

In order to further expand the production capacity of masks and meet the needs of epidemic prevention and rehabilitation, many enterprises in Zhejiang province have changed their original plan of resuming work and resuming production, focusing on manpower, material resources and financial resources to specialize in the production of respirators. It has been learned that many enterprises such as Wan Shi Li, Yin Ying, Sinai Wei, Huayi, MI Sai silk have achieved mass production of masks, and other enterprises have also indicated that they are overcome difficulties and put into production as soon as possible.

In accordance with the deployment of the CPC Central Committee and the State Council, the national development and Reform Commission has made efforts to promote the resumption of production of mask enterprises, and guided enterprises to expand their capacity, increase production and transform production. The daily output of masks in China has been growing continuously and rapidly, and both have exceeded 100 million. According to the regulation, in February 29th, including masks, medical masks and medical N95 masks, the national masks can reach 110 million Nissan, with a daily output of 116 million, which is 5.2 times and 12 times that of February 1st, further easing the contradiction between the supply and demand of respirators. Among them, the daily output of medical N95 respirators reached 1 million 960 thousand and 1 million 660 thousand respectively, effectively solving the protection needs of front-line medical staff.

In the afternoon of February 28th, Shandong province "technological transformation + new mode" textile industry intelligent transformation mode of supply and demand for the wiring field will be held on the "Shandong technical transformation online". The online audience will reach 15836 at the same time. The line will promote the intelligent dyeing and sharing mode of Shandong Kangping Na Group Co., Ltd., the flexible small batch production and customization mode of Limited by Share Ltd and the C2M business mode of Limited by Share Ltd, the intelligent manufacturing mode of Shandong Ruyi woolen clothing group Limited by Share Ltd; Shandong Ling Rui's textile intelligent production cloud management level. Taiwan mode; China Textile Limited by Share Ltd's textile intelligent industry cloud platform mode; Wei Qiao textile Limited by Share Ltd's green intelligent integrated manufacturing mode.

Large commodity trading market is the "nerve center" of the industrial chain, and also the "big artery" of the market economy. 27, from the Zhejiang provincial market supervision bureau, as of February 26th, 41 commodity markets with a turnover of more than ten billion yuan in Zhejiang province have all been opened up normally, and 12 of them have returned to over 80%, 3 of which have reached 100%. Zhejiang Shaoxing China Textile City has reopened more than 80% of its operators. After the market resumed in Tongxiang, the business volume of the Pu Yuan sweater market has been raised day by day. It has accumulated a total of 44 million 574 thousand yuan on the spot, which has led to a total turnover of 470 million yuan in the park.

In February 28th, Tianhong shopping center Limited by Share Ltd released 2019 annual performance report. Last year, it realized operating income of 19 billion 393 million yuan, an increase of 1.33% over the same period last year. The net profit attributable to shareholders of listed companies was 859 million yuan, down 5% from the same period last year. Performance express pointed out that Tianhong shares increased strategic input in 2019, vigorously promoting digital transformation, and online business mode is becoming more mature, and is becoming an online and offline integrated consumer service platform. At the same time, we will strengthen the online retail operation of terminal customers and digital technology services for peers and brands. We will promote the development of the three business development strategies of digitalization, experiential and supply chain, and open 11 new shopping center stores.

The National Cotton Association of the United States announced the results of a survey of cotton growers planted in the United States last week. The survey showed that the average planting area of all cotton (including upland cotton and Pima cotton) decreased by 6% (-78.5 acres) to 13 million acres in 2020/21. This decline is lower than the forecast decline a few months ago. The reason for the decline is the rise in cotton prices. In late summer, cotton prices were only slightly higher than cotton prices in the 50s of last century. The average forecast error in the past ten years is 1 million 100 thousand acres, about 10%. According to this error, it is estimated that the planting area of American cotton in 2020/21 will be between 11 million 900 thousand -1410 acres.

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