The Storage Cotton Wheel Is Once Again Fusing, Domestic Demand Is Shrinking, Exports Are Damaged, And 20% Of Yarn Enterprises Do Not Have Orders?

Market brief

In March 20th, China Cotton Reserve Management Co., Ltd. planned to purchase 18000 tons of Xinjiang cotton, and the actual turnover was 18000 tons, with a turnover rate of 100%. The average price was 12122 yuan / ton, of which 18000 tons were in the mainland bank. From December 2nd to March 20th, the total turnover of Xinjiang cotton reached 291000 tons, of which 12480 tons were accumulated in the Xinjiang warehouse, and 278520 tons in the mainland stock market. A total of 96 enterprises were auctions. Seventeenth weeks (23-27 March), Xinjiang cotton entered the bid price (discount standard grade 3128B) 12450 yuan / ton, down 451 yuan / ton. From March 18th to March 20th, the difference between domestic and foreign cotton prices has been more than 800 yuan / ton for three consecutive working days. In March 23rd, the New Zealand cotton trading was suspended. It is still less than 10 working days since the end of the 2019 year Xinjiang cotton rotation. It reminds enterprises to pay close attention to the trend of spot price at home and abroad, seize the opportunity and arrange the sale of cotton.

Zheng cotton bottom shock, a sharp decline, the main contract a small reduction of positions, transaction volume, short-term concern Zheng cotton 10000 yuan / ton performance. Spot cotton prices continue to fall, insufficient supply of spot goods and superposition of downstream demand, and the market is strongly anticipating the weakening demand. The weak market of cotton market will continue to continue. Fixed demand trading is the main factor, and the overall demand for goods is not good. The imported cotton industry, despite the increase in the price of foreign cotton, is in a downward trend. The downstream mentality is more cautious, and procurement is almost stagnant. In the face of embarrassment, in addition, some foreign cotton traders in the port suffered serious losses and some even started to default. The current cotton price is greatly influenced by the external environment, and it is estimated that the cotton price will be difficult to change and the performance of the capital market will be concerned.

Acrylonitrile prices remain weak, mainstream factory prices remain stable, the main downstream plant load has not returned to normal level, acrylonitrile market general trading atmosphere, businesses continue to pay attention to factory information guidelines, brokers expect different factory settlement, the current sales offer stable, and some businesses reluctant to sell, in the medium to long term, acrylonitrile supply is still loose. The market will see that the air quality is not decreasing, and the short-term price of acrylonitrile is expected to remain weak. Acrylic fiber prices remained stable, factory equipment load remained relatively low, terminal factories continued to watch empty mentality, enthusiasm for procurement was limited, supply and demand fundamentals were limited, northeast big factory settlement price remained stable at the end of the month, the lower reaches of the monthly balance reduction expectations, attention to other factory information guidelines, expected short-term acrylic fiber price stabilization.

19, reporters at the Ministry of commerce routine press conference learned that with a series of resumption of production policy gradually landing effect, the key foreign trade enterprises to resume work to accelerate the recovery trend. According to statistics, in addition to the north of the lake, 66.7% of the key foreign trade enterprises in China yield more than 70%. In addition, the joint defense and joint control mechanism of the State Council held a press conference in March 21st, and Ou Hong, director of the investment division of the national development and Reform Commission, said that the resumption rate of major projects has gradually increased. Except for the north of the lake, according to the statistics of about 11 thousand key projects in the provinces, as of March 20th, the recovery rate of key projects was 89.1%.

In the evening of March 17th, Hengli Formosa Petrochemical Co disclosed the repurchase plan. The company will repurchase the company's stock at no more than 1 billion yuan and no less than 500 million yuan of its own funds at a price of not more than 13 yuan / share. According to the repurchase amount of no more than 1 billion yuan, the repurchase price limit of 13 yuan / share will be calculated, and the repurchase amount will be about 76923. 76.92 shares, the proportion of share buyback accounts for about 1.10% of the total share capital of the company. Hengli Petrochemical said that the purpose of implementing the buy back is mainly based on the firm confidence in the future development and the full recognition of the investment value of the company, so as to promote the healthy and sustainable development of the company. The company intends to use 50% of the share buyback in the employee stock ownership plan and 50% in the equity incentive plan.

Xiao Jiahua, a doctor of physics at the Chinese Academy of Sciences, said that the coating of a new material can destroy more than 99% of bacteria after exposure to sunlight and air. The use of masks can not only prevent viruses from being passive, but also allow textiles to disinfect and achieve active defense.

In March 20th, the Guangdong Textile Association and the Guangdong Textile Group Standards Technical Committee jointly issued the "Guangdong Province Textile Group standard" guidelines for the work of medical mask for enterprise rotation (transformation). "In accordance with the requirements of the" Guangdong Textile Group standard (GDTEX) system (Revised) procedure document ", the corresponding procedures have been completed, and the examination has been formally approved.

In March 19th, the first batch of equipment for the two phase of Yifeng Industrial Park in Xiping County Industrial Agglomeration Area, Zhumadian, Henan, was delivered to Xiping. The Secretary of the Xiping county Party Committee visited the project construction site to congratulate the first batch of Yifeng textile equipment for arriving in Xiping. It is understood that the Yifeng intelligent textile knitting industrial park project covers an area of 200 mu, with a total investment of 2 billion yuan, and plans to build three levels of standardized workshop 120 thousand square meters. The project will invest 800 million yuan in the first phase, 45 thousand square meters in the new factory building, and 2000 new intelligent double system computer looms, with an annual output value of about 1 billion 800 million yuan. At present, the first batch of equipment has been delivered to the workshop and the project has been put into production countdown.

The joint defense and joint control mechanism of the State Council held a press conference in March 21st. Song Qiuling, a first class inspector of the Ministry of economic construction of the Ministry of finance, said that as of yesterday, the issuance of new local government bonds across the country had reached 14079 billion yuan, accounting for 76% of the amount advanced in advance. Among them, the general bonds were 384 billion 600 million yuan, accounting for 69%, and the issuance of special bonds amounted to 10233 billion, accounting for 79%.

BYD, a high-profile cross border mask, recently launched a cheap masks in retail channels in Shenzhen. At the same time, in Taobao, and many other business channels, many of the unit price below 2 yuan / masks have been listed in large quantities, can be purchased at any time. In retail pharmacies, some cities are already open to supply and are not limited, nor do they rush to buy. With the trend of domestic epidemic subsiding, adequate masked masks are available. The Wind mask index has dropped by nearly 24% from its March 9th high level. With the development of foreign epidemic situation and the large demand for masks, many Chinese enterprises begin to export masks.

According to Bangladesh's financial bulletin March 18th, with the global impact of the new crown pneumonia epidemic increasing, 20 Bangladesh garment processing and exporting enterprises had a total of about $17 million, and export orders were cancelled. Bangladesh's main export destination for clothing exports is the European Union and the United States. Affected by the epidemic, EU and US importing and resellers cancelled and postponed Bangladesh's export orders. The pressure and uncertainty of local garment processing export enterprises in Bangladesh are increasing.

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