Market Situation: Price Reduction And Price Fall Into Mainstream, Textile Enterprise Market Turbulence

Market brief

In March 17th, China Cotton Reserve Management Co., Ltd. planned to purchase 15000 tons of Xinjiang cotton, and the actual turnover was 1800 tons, with a turnover rate of 12%. The average price was 12900 yuan / ton, of which 1800 tons were in the mainland bank. From December 2nd to March 17th, the total turnover of Xinjiang cotton reached 246960 tons, of which 12480 tons were accumulated in the Xinjiang warehouse, and 234480 tons in the mainland stock market. A total of 93 enterprises were auctions. This week (March 16th -3 20), the highest price limit was 12901 yuan / ton (standard 3128B price), down 243 yuan / ton compared with the previous week. As of the end of March 31st, there will be less than 10 working days. Cotton enterprises should pay attention to the opportunity to save and store, so as not to miss the opportunity to sell.

Zheng cotton oversold and rebounded, but the rebound kinetic energy was weaker, short cut slightly, short term Zheng cotton will still shake down, the peripheral market performance is low, the market sentiment is panic, the lint spot is weak stable finishing, the market waits for the mood to warm up, although the base point price resources price falls, but the cotton mill own order is insufficient, the warehouse is expected to enhance, the raw cotton purchase enthusiasm lacks, the lint turnover is light. Taking into account the impact of adequate domestic cotton supply and weak demand, it is also difficult to get rid of the weak trend of cotton prices in the domestic market.

The acrylonitrile market continues to be weak, the factory offer is temporarily stabilized, and the manufacturers are concerned about the factory settlement guidelines. At present, the trader's mentality is cautious, the downstream users wait and see the purchase, and the equipment maintenance and production co-exist next month. Acrylic fiber prices remained stable, orders for downstream factories were general, caution was made for raw material procurement, and acrylic fiber cost support was insufficient. There was no clear guidelines for new information in the factory, acrylic fiber prices remained in the down space, and factory movements were concerned. It is expected that the price of short acrylic fiber will remain stable for a while.

In March 9th, the China Textile Federation issued a notice on the research plan for the development of the textile industry's "14th Five-Year" guidance plan, and the research and compilation of the textile industry "14th Five-Year development guidance" was officially launched. A total of three dimensions of the research group were set up. The first dimension was the comprehensive level, including 4 groups: the integrated group, the green group, the fashion group and the green group. The second dimension was the special issue study, which included regional layout and industrial cluster, international development, fiber raw material supply and demand, professional talent cultivation, industrial Internet and textile industry, civil military integration and integration of industry and finance 7 The third dimension is professional research, which includes 12 professional fields: cotton spinning, chemical fiber, wool spinning, silk, knitting, printing and dyeing, filament weaving, clothing, household textiles, industrial textiles and textile machinery. According to the schedule, we will preliminarily complete the research on the special issues and the "14th Five-Year" development guidance in the first half of this year. In the third quarter, we will form the "guiding opinions on the development of the textile industry in 14th Five-Year" (draft discussion), which will be basically finalized within the year on the basis of sufficient comments from within and outside the industry, and will be formally released in the first half of 2021.

According to the statistics of Urumqi customs, the export value of textiles, yarns, fabrics and products at Xinjiang port in 2020 1-2 was 662 million yuan, down 14.32% compared with the same period last year. The export amount of clothing and accessories was 3 billion 598 million yuan, up 0.59% over the same period last year. The export value of textile raw materials was 4 million yuan, up 987.62% over the same period. In 2020 1-2, the import value of textiles, yarns, fabrics and products at Xinjiang port was 63 million yuan, an increase of 167.31% over the same period last year. The import value of garments and accessories was 12 million yuan, an increase of 1342.14% over the same period last year. The import value of textile raw materials was 129 million yuan, down 66.06% from the same period last year.

At present, most of the warehouses in the country are basically restored to normal operation, and a number of warehouses have been resumed, but there are temporary control measures according to the epidemic prevention requirements. March 9, 2020 -3 15, according to the national cotton trading market to Xinjiang check point statistics, the total amount of highway cotton transport volume of 51 thousand and 300 tons, an increase of 32 thousand and 600 tons, a decrease of 7 thousand and 600 tons compared to the same period. Transportation direction: during the 15 months of March 9, 2020 -3, the cotton transported to Henan, Shandong and Jiangsu accounted for 32%, 31% and 12% of the main flow respectively. The total transport volume of these three provinces was 36 thousand and 200 tons, up 22 thousand and 300 tons from the previous week, accounting for 71% of the weekly traffic volume. During the period, the volume of highway transportation increased significantly, and the quoted price of transportation increased. Most of the route quotations declined compared with the previous week. The freight rate from Kuitun to Henan dropped by 19 yuan / ton compared with the previous week, and dropped to 8 yuan / ton in Shandong province.

Tianhong textile (02678) released its performance report for the year ended December 31, 2019 in March 16th. According to the financial report, the company's revenue grew 14.9% to 22 billion yuan (the same below), a record high. However, as sales cost increased by 18.74% to 19 billion 10 million yuan, sales and distribution expenses increased by 23.66% to 847 million yuan, and general and administrative expenses increased by 40.14% to 1 billion 10 million yuan, leading to a decline of 4.84% to 2 billion 993 million yuan in gross profit and a decrease of 2.8 percentage points to 13.6% in gross profit margin.

In March 8th, the shepherd held the product launch of AR garment design software Hologarment. Hologarment is a fashion design software developed on the basis of Microsoft Hololens. Driven by the trend of technological development, shepherds launched innovative products in the textile industry, combined with various technologies such as mixed reality, artificial intelligence, big data and cloud computing, and followed the pace of the times and national policies to open up a new business model for the textile industry. It means that manufacturers in different cities and even different countries can also wear Hololens at the same time. They will synchronize the virtual mannequin and clothing display with the holographic design, and discuss and modify the design and production details in real time through the network and cloud computing technology. Users can use gesture movements to directly adjust each detail size of the garment, and display the data in the garment process sheet synchronously for real-time recording. This software will help visualize the communication process and make it more concise and efficient.

In March 6th, it was invested by Shandong lairun new Mstar Technology Ltd, with a total investment of 160 million yuan, and the project of polyester short fiber with a total area of 50.8 Mu was started on schedule in Zhangjiawa street of Laiwu District, Ji'nan. The project mainly builds 4 production lines of polyester staple fiber, building production workshop, office area and supporting area for living, etc., with a total construction area of about 21 thousand square meters. After the project is completed and put into operation, the polyester staple fiber can yield 45 thousand tons per year, which can realize annual output value of 200 million yuan, profits and taxes 30 million yuan, and 200 people can be set up for employment. It is understood that Zhangjia Wa Street adhere to high standards to implement epidemic prevention measures, comprehensively promote the work of economic development, epidemic prevention and development of "two lines" go hand in hand.

Pakistan's "forum express" reported on March 13th that Pakistani Prime Minister Imran Khan approved the five year strategic plan for Trade Development on Thursday, focusing on promoting 26 non-traditional industries to increase exports through tax incentives. These non-traditional industries include mechanical engineering, automobile parts, chemical products, pharmaceutical products, food and beverage, jewellery, meat and poultry products, fruits and vegetables, while the traditional textile industry of Pakistan's traditional export industry has not been included, which means that the textile industry may not be able to enjoy the encouragement policy. The focus of strategic planning is to improve the export tax rebate procedure. At present, the average export tax rebate rate of Pakistan is about 3%. However, many exporters often fail to get the tax rebate, and the strategic plan has reformed the tax rebate procedure. The state bank will replace the Ministry of Commerce and the Federal Tax Commission to deal with all tax refund matters, so as to ensure faster tax rebates. The strategic plan has set targets for trade in the next five years, and the targets in fiscal year 2021-2025 are $26 billion, $31 billion, $35 billion, 40 billion US dollars and 46 billion US dollars, respectively.

Local time 17, according to the Ministry of finance of Korea planning, on the same day (17), the South Korean government decided to implement the 0 tariff policy on the imported masks and the core material of masks manufacturing melted spray cloth. The relevant policies will be implemented in March 18th. By June 30, 2020, the current tariff of imported masks will be lowered from 10% to 0, and the current import tariff of the core material used for making masks will be reduced from 8% to 0.

Market curve