The Market Is Pessimistic And The Pressure Of Raw Materials Storage Is Increasing. Will The Weakening Yarn Price Drop Rapidly?

Market brief

In March 13th, China Cotton Reserve Management Co., Ltd. planned to purchase 15000 tons of Xinjiang cotton, and the actual turnover was 15000 tons, with a turnover rate of 100%. The average price was 13017 yuan / ton, of which 15000 tons were in the mainland bank. From December 2nd to March 13th, the total turnover of Xinjiang cotton reached 230160 tons, of which 12480 tons were accumulated in the Xinjiang warehouse, and 217680 tons were accumulated in the mainland warehouse, and 93 enterprises were competing for sale. Sixteenth weeks (16-20 March), Xinjiang cotton entered the bid price (discount standard grade 3128B) 12901 yuan / ton, down 243 yuan / ton.

Last Friday, foreign stock market plummeted, Zheng cotton fell again, hit the limit, hit a new low of four years, zhengcotton main force to reduce the warehouse down, the late fall kinetic energy is insufficient, is expected to have a rebound in the short term. Market sentiment was pessimistic, spot cotton prices fell again, stimulating the enthusiasm of some cotton mills to purchase, the increase of base point price resources transactions, the downtrend, the downstream replenishment is still cautious, small and medium-sized cotton textile enterprises strictly control cotton stocks to 25-40 days, the downstream yarn enterprises demand recovery slowly, yarn performance is not good, short term cotton demand is still difficult to increase significantly, superimposed on this year's lint supply is loose. It is expected that short-term cotton market trend is still affected by the external environment, and cotton prices will continue to be dominated by low volatility. In the import cotton market, the port's high cost performance point price and resource turnover improved. However, due to the hesitation of the downstream mentality, the purchase quantity was limited, the short-term cotton price continued to operate under pressure, and the imported cotton was still in the storehouse stage.

The price of acrylonitrile continues to be weak, and the load of the downstream ABS unit has been improved. The overall operation of the acrylonitrile plant is still relatively low. The operation of the acrylonitrile plant is stable, the market demand for acrylonitrile is generally flat, the market supply is relatively loose, the price in the circulation field has fallen below the cost line of the factory, the factory offer has been temporarily stable, and the traders are cautious about trading. The price of some mainstream factories is priced at 8000-8400 yuan / ton. The change is limited, and the short-term price of acrylonitrile is expected to continue to be weak. Acrylic fiber prices remain stable, there is no other guidelines on the news, acrylic fiber industry equipment load remains relatively low, factory inventory accumulation, downstream demand gradually recovered, but raw material prices are weak recently, the downstream purchasing mentality is cautious, factory operator mentality is stable, it is expected that the short-term acrylic fiber staple fiber prices will continue to stabilize.

Reporters learned from China petroleum refining and chemical branch, PetroChina has arranged for Liaoyang petrochemical and Lanzhou Petrochemical to rush to build 4 melted nonwoven production lines, and 21 masks production lines planned for construction have also been put in place in 14, of which 12 have produced export covers. It is estimated that 21 production lines will be put into operation in mid and late 3, and the production capacity of 1 million 500 thousand Nissan respirators will be formed. At the same time, PetroChina accelerates the construction of meltblown fabric production line, relying on its own technology to form a polypropylene fiber melt blown material meltblown complete process flow to ease the supply contradiction of melt blown fabric market. At present, Lanzhou petrochemical and Liaoyang Petrochemical have set up 2 production lines for melt blown fabrics. The civil engineering construction of Liaoyang Petrochemical melted nonwoven production project has been launched in an all-round way, aiming to build and produce 1000 tons / year capacity in April.

Learned from Sinopec that the first batch of 15 masks purchased by Sinopec has been put into operation in the bright production workshop in Yanqing, Beijing. The daily mask production has exceeded 1 million. At the same time, the daily production of collaborative masks provided by Sinopec has also reached 1 million 50 thousand, which means that more than 2 million masks are boosted by Sinopec every day. Up to now, Sinopec has produced 34 million 885 thousand masks through self produced and cooperative products.

In March 11th, the T/CNTAC 55-2020 and T/CNITA 09104-2020 "community hygiene mask" was formally promulgated by the China Industrial Textiles Association. The standard is jointly managed by the China Textile Industry Federation Standardization Technical Committee and the China Textile Industry Association Standardization Technical Committee. The promulgation and implementation of the standards will provide technical support for relevant mask manufacturers and provide basis for market supervision so that consumers can choose suitable respirators. This standard is applicable to the sanitary respirators used by ordinary people in daily environment to block the spread of droplets, pollen and microbes. This standard sets a set of indicators around the functions and safety requirements of masks, including materials and safety, the necessary barrier function, and special attention to wearing comfort.

On the afternoon of March 13th, Zeng Yue, deputy mayor of Dalang Town, Dongguan, entered the studio and shouted for Dalang's woolen knitted products. Call the whole nation "baby" to buy Dalang sweater, speak for local enterprises. During the live broadcast, 360 thousand people were attracted to watch. With professional expertise and excellent "take delivery" capability, in the live exhibition hall of vice mayor of Zeng Yue, 27 thousand sweaters were sold within 2 hours of the event. As of 5 p.m., 10 million 360 thousand people attended the "Dalang trade fair" and 20 times the resident population of the industrial strong town.

Recently, the Wenzhou municipal market supervision bureau issued an analysis report on consumer rights protection in Wenzhou in 2019. The report shows that last year, the city's market supervision system received 73138 complaints and reports, an increase of 3761 compared with 2018, an increase of 5.42% over the same period, including 44956 complaints and 28182 reports. At present, 72833 have been processed and the processing rate is 99.6%. The amount of complaints involved is about 150 million yuan, which saves 38 million 992 thousand yuan for the consumers. It is understood that last year received 5293 complaints of clothing and footwear, quality problems accounted for half of the clothing and footwear category complaints. "Clothing and shoes and hat products are daily consumer goods, and complaints remain high. The quality of commodities is a hot topic, especially in online shopping, clothing, shoes and hats. The relevant person in charge of the municipal market supervision bureau said that in the face of the quality problems of clothing and shoes and shoes put forward by consumers, businesses always obstructed consumers' after-sale rights and interests with the use and wear, and at the same time, there were false or irregular phenomena of product packaging labels.

The US Department of agriculture report shows that in February 28, 2020 -3 5, the net contract volume of 2019/20 in the United States was 109 thousand and 800 tons, an increase of 22% over the previous week, an increase of 62% over the previous four weeks. The new signing came mainly from Pakistan (36 thousand and 600 tons), China (20 thousand and 600 tons), Turkey (19 thousand and 100 tons), Vietnam (10 thousand and 700 tons) and Bangladesh (7439 tons). The main abolition of the contract is Japan (884 tons) and Thailand (272 tons).

India Cotton Association said that the new crown virus epidemic will not have a significant impact on India's cotton exports. In 2019/20, cotton exports in India were estimated at 4 million 200 thousand packages (170 kilos per pack). By the end of February, India had exported 600 thousand bales to China. CAI said that increased demand for imports in Bangladesh offset the decrease in exports to China. By the end of February, India had exported 1 million 400 thousand bales to Bangladesh, exported 500 thousand packs to Vietnam and Indonesia, and exported 250 thousand bags to other regions. India cotton year is still six months away, and this year's export can achieve the desired goal. Over the past few weeks, new enquiries from global suppliers have begun to pour into China due to restrictions on production and supply in China. Global buyers are looking for alternative markets, while India has received new enquiries from the United States, Europe and Russia.

In February 20th, Paraguay issued a final decree to incorporate group MERCOSUR resolution 62/18, "technical regulations of the common market of textiles" on the trade marks of textiles, into parts of the national law, and partially abolish Act No. 12085th of April 23, 2008. Paraguay, Argentina, Brazil and Uruguay are all members of the Mercosur group. The Southern Common Market approved the unified technical regulations for textile labels in July 2019, aiming at promoting free trade and ensuring the clarity of textile labels.

15, according to US media reports, Nike closed all retail stores in the United States due to the outbreak of the new crown virus. According to reports, Nike stores in the US, Canada, Western Europe, Australia and New Zealand will be closed from local time on Monday until March 27th. Retail stores in China, Korea and Japan and other parts of the world remain open. According to reports, Nike has 384 retail outlets in the United States and more than 750 branches worldwide.

Market curve