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    Overthrow Rebound, Cotton Prices Can Continue To Rebound? Mentality Is Empty, Sticky Short Weak Finishing, Will It Increase?

    2020/3/11 19:41:00 0

    Market Quotation

    Market brief

    In March 10th, China Cotton Reserve Management Co., Ltd. planned to purchase 15000 tons of Xinjiang cotton, and the actual turnover was 5520 tons, with a turnover rate of 36.80%. The average price was 13144 yuan / ton, of which 5520 tons were in the mainland bank. From December 2nd to March 10th, the total turnover of Xinjiang cotton reached 211200 tons, of which 12480 tons were accumulated in the Xinjiang warehouse, and 198720 tons were accumulated in the mainland warehouse, and 92 enterprises were competing for sale. This week (March 9th -3 13), the highest price limit was 13144 yuan / ton (standard 3128B price), down 421 yuan / ton compared with the previous week.

    Zheng cotton oversold rebounded, recaptured some of yesterday's decline, the main contract shorting lighten obviously, far month contract bull to add positions, short-term target of 12800 yuan / ton near. Market confidence has been restored, spot cotton prices have gone up slightly, cotton turnover has turned to light, cotton mill procurement has become dull, cotton linkings spot trading has begun to decline, but logistics and transportation has been improving continuously. Xinjiang warehouse has gradually resumed road transportation business, and cotton and cotton yarn transportation has increased in the territory. The demand is still weak, coupled with the ease of domestic supply, it is hard to predict that cotton prices will continue to rebound.

    Acrylonitrile prices remain weak, raw propylene prices are down slightly, acrylonitrile cost surface support is still maintained, manufacturers' mentality is steady, circulation areas have heard of low price quotations, businesses are selling smoothly, terminal market recovery is slow, acrylonitrile supply is expected to be loose, intermediaries are not confident enough, considering that market prices have fallen below the cost line, short term acrylonitrile price is expected. Grid weak consolidation. Acrylic staple fiber prices remained stable, downstream factories slowly returned to work, and market transactions gradually resumed. At present, raw materials and acrylonitrile prices remain weak, acrylic fiber cost side support is weakened, but the market is trading in a mild manner. Acrylic fiber factory offers a stable mentality, and the profit margins of manufacturers are obvious. It is expected that the price of short acrylic fiber staple fibers will be stabilized for a while.

    In February 2020, consumer prices nationwide rose by 5.2% over the same period last year. Among them, cities rose 4.8%, rural areas rose 6.3%, food prices rose 21.9%, non food prices rose 0.9%, consumer goods prices rose 7.9%, and service prices rose 0.6%. From 1 to February, the national consumer price rose by 5.3% over the same period last year. In February, the national consumer price rose by 0.8%. Among them, cities rose by 0.8%, rural areas rose 0.9%, food prices rose by 4.3%, non food prices dropped by 0.2%, consumer goods prices rose 1.4%, and service prices fell 0.2%. In February 2020, the producer prices of industrial producers decreased by 0.4% compared to the same period last year, a decrease of 0.5% compared with the same period, while the purchasing prices of industrial producers decreased by 0.5% compared to the same period last year, and the annulus ratio decreased by 0.3%. From 1 to February, the producer price of industrial producers decreased by 0.2% compared with the same period last year, and the purchasing price of industrial producers dropped by 0.4%.

    In March 10th, the masked stock market staged a closing down tide. At the close, more than 10 stocks fell on special, Daun shares, pulitt, golden sun, and Voight shares. On the 9 day, the State Administration of market supervision and Administration issued an urgent notice to the market supervision bureau of 8 provinces and cities such as Zhejiang and Jiangsu, requiring special investigation on the price of melt blown nonwovens to ensure price stability. Melt blown nonwovens, referred to as melt blown fabrics, are the key materials for mask filtration. They are called the "heart" of medical masks and N95 masks. Because the fiber diameter of melt blown fabric can reach 1 to 5 microns, it has good filtration, shielding, heat insulation and oil absorption. Affected by the outbreak of new crown pneumonia, the use of masks in China has increased dramatically, and the melt blown fabric needed to produce medical surgical masks and N95 masks has become a bottleneck for expanding the productivity of respirators. The price of melted cloth has also soared. Since then, 20 thousand yuan per ton has risen to about 400 thousand yuan per ton, and the unit price has risen by nearly 20 times.

    The State Administration of market supervision and Administration (National Standardization Management Committee) has approved 173 national standards and 2 revised national standards, including 8 non-woven fabrics for textile isolating garments, 8 drying rates for textiles under dynamic conditions (evaporating hot plate method), and other national standards for textiles and leather and 1 carbon fiber tensile tests for carbon fibers. Revision of the national standard.

    It is reported that the price of masks has risen several times, and there are few equipment available. The agency estimates that almost 7000-8000 standard masks are required to maintain normal production every day, plus the standby machine and the stock machine. The market capacity of the mask machine is around 10 thousand. With the spread of the overseas epidemic, the demand for masks is increasing, and the demand for mask machines will increase. In related companies, the upper work of Shin Bei Qi, Fu Yi, has started the production of automatic mask production line in February; Yong Chuang intelligent subsidiary has the power of mask automatic equipment manufacturing; evergreen shares said that evergreen health mask machine equipment has been ordered.

    According to the decision made by the CPC Central Committee and the State Council on coordinating the implementation of epidemic prevention and control and economic and social development decision making to help enterprises resume work and resume production, the State Railway Group has decided to impose a halved charge on the late fees, the insured price of goods, the declaration of price fees, the delay in the use of containers, the delay in use of freight cars, and the detention of lorries. The implementation period is from March 6, 2020 to June 30, 2020.

    Since the outbreak of the new crown pneumonia outbreak, all walks of life are contributing to the fight against the disease. The State Key Laboratory of organic and inorganic composite materials, Beijing University of Chemical Technology, is also an example of advanced manufacturing of polymer materials. They have transformed the lab into a factory, using their own research advantages and technical expertise to develop and produce the "three weapons" to fight the epidemic, that is, 3D Photocopying goggles, "rainbow silk" nanofiber membrane masks and "new wind righteousness" anti crown masks. The way that "rainbow silk" nanofibers block viruses is to form a complex microporous channel by stacking nano scale long fibers, so that the virus can be intercepted like "maze". Therefore, the degree of attenuation of virus function is lighter after alcohol disinfection or water washing.

    On the 10 day, the market supervision and Administration Bureau of Weicheng District of Weifang was informed that Shandong Jiabao Textile Co., Ltd. was recently included in the list of abnormal operations. "Weicheng municipal private enterprise listing 2020 [8] decision" shows that, according to the investigation, Shandong Jiabao Textile Co., Ltd. was unable to contact because of its registered residence or business premises, violating the relevant provisions of the Interim Regulations on information publicity of enterprises and Interim Measures for the management of abnormal records. As a result, the market supervision and Administration Bureau of Weicheng District of Weifang decided to include the company in the list of abnormal operation. Baidu enterprise credit shows that Shandong Jiabao Textile Co., Ltd. was founded in May 2017. It is registered in the South 800 metre Road East workshop of the intersection of Weicheng Road, Weicheng road and spring kite Road, and the legal representative is Lu Yan Zhen. The company's business scope is needle textiles, bedding, sales of mother and infant products.

    According to the Jordanian times March 9th, representatives of the garment industry said on Sunday that the inventory could meet the needs of Jordan market for about 3 months, including the upcoming Ramadan and Eid al Fitr. Dye, chairman of the Federation of textiles and clothing Federation, said that clothing and footwear supply were adequate this summer. Traders and importers were vigilant to ensure the supply of additional demand. He pointed out that tariffs on clothing must be lowered in addition to electricity costs, sales tax and rentals, and stressed that the garment industry with more than 5.2 employees will play a vital role in the Jordanian economy. The representative of the clothing and jewelry industry of the Jordanian chamber of Commerce, said Kwame, pointed out that goods were imported last year and ready before the outbreak. At present, China has reopened the 40% market and exported commodities as usual. All the garments and footwear for export are shipped through the 27 day shipping date without worrying about importing Chinese clothing.

    The president of the Uzbekistan signed a decree in March 6th to abolish the government's control of the cotton market and abolish the government's unified purchase and sale of cotton from 2020, so that farmers from the state leased land will be free to replace and make more profitable crops. At the same time, the state's purchase of grain will also be reduced by 25%. This is a decisive step for Uzbekistan to push the agricultural sector towards marketization. Uzbekistan is currently the tenth largest cotton producer in the world, but with the reform being carried out, the country is moving towards greater production of value-added textile products such as textiles. Reducing cotton production in large scale is partly intended to enhance Uzbekistan's international image. Over the past decades, the existence of quotas and the strict enforcement of quotas have been an irresistible factor in the perpetuation of forced labour system, which brings together students, government workers and even children to harvest work in a small or unremuneration way.

    Market curve

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