Zheng Cotton Rebounded To Limit, Can Lint Rise To The Market? Does The Downstream Planned Vacation Reduce Production Generally?

Market brief

In March 25th, China Cotton Reserve Management Co., Ltd. planned to purchase 20000 tons of Xinjiang cotton, and the actual turnover was 20000 tons, with a turnover rate of 100%. The average price was 12429 yuan / ton, of which 20000 tons were in the mainland bank. From December 2nd to March 25th, the total turnover of Xinjiang cotton reached 331000 tons, of which 12480 tons were accumulated in the Xinjiang warehouse, and 318520 tons in the mainland stock market. A total of 99 enterprises were auctions. This week (March 23rd -3 27), the highest price limit was 12450 yuan / ton (standard 3128B price), down 451 yuan / ton compared with the previous week. Reserve cotton wheel entered the end, the recent Zheng cotton continuous limit, lint also fell sharply, cotton enterprises into the enthusiasm of the higher, continuous several consecutive days, do not miss the last sales opportunity.

U. S. stocks rose, the market pessimism eased, zhengmian Gao Gao Gao, yesterday's rebound in trading, the main contract short cut, the long month contract bull to add positions, do not rule out Zheng cotton overfall rebound, there are still trampled on demand. Lint spot performance is still flat, some lint prices are still falling slightly, domestic demand is shrinking, orders for foreign trade have been repeatedly cancelled, and the sale of lint is still at a low level. With the rebound of Zheng cotton, market confidence has improved, but the wait-and-see atmosphere is still strong. No turning point has yet appeared, and the market is easy to repeat. As for imports of cotton, as of March 25th, China's main port imported cotton stocks of 506 thousand tons, of which 83 thousand tons of Zhangjiagang, the proportion of inventory in Brazil cotton, India cotton, Australia cotton mainly.

The price of acrylonitrile is running sideways, and factory prices have dropped slightly. At the end of the month, the middlemen are trading with the market. They are concerned about the guidance of other factories' monthly message, and the recovery of terminal demand is slow. The load of the downstream acrylonitrile plant has not returned to normal level. The demand for goods is still the main demand, the purchasing mentality is still cautious, the demand for acrylonitrile is limited, and the new supply plan for the supply side is put into operation. In the market, air quality will not change. Short term acrylonitrile price is expected to remain weak. The price of acrylic fiber is weak and downward. Some factories have lowered their monthly prices. The 1.5D acrylic fiber staple is temporarily referred to 12200-14200 yuan / ton. The focus of market trading is weak and volatile. At present, the downstream factory product inventory is accumulating, and the manufacturers' enthusiasm for acrylic fiber purchase is not high.

According to statistics of the General Administration of customs, China imported 1-2 tons of cotton yarn 280 thousand tons in 2020, a decrease of 1.4% over the same period last year. Since 2019/20 (2019.9-2020.2), China has imported 910 thousand tons of cotton yarn, a decrease of 1.1% compared to the same period last year. In 2020 1-2, cotton imports in China were 410 thousand tons, down 19.6% from the same period last year. Since 2019/20 (2019.9-2020.2), 820 thousand tons of cotton have been imported, representing a decrease of 26.1% over the same period last year.

According to a survey conducted by China Cotton Association, 96.1% of the cotton textile enterprises surveyed in the third week of March have started work. The number of workers who have resumed work accounted for 91% of the proportion of workers in normal production. Start up: as of March 20th, the average operating rate of clustered enterprises was around 72%, up 10 percentage points from last week. 85% of the cluster enterprises operate at a rate of more than 60%. The average rate of arrival of workers in cluster enterprises is around 65%, and the rate of recovering workers to posts is relatively slow, which can not meet the start-up needs of enterprises. Orders: by the middle of March, the situation of domestic sales had improved. The proportion of orders returned to normal level of more than 80% accounted for 47.7%, and 86.5% of the enterprises' orders had been restored to more than half. Among them, the enterprises whose products were exported were affected by the global epidemic situation, and the export orders decreased significantly. 47% of the enterprises' export orders were less than half of the normal level. In the first half of this year, the impact of sales revenue and export will be controlled within 20%. It is expected that the global epidemic will affect 3-4 months, and foreign trade enterprises will face 4-6 months' hard times.

In March 20, 2020, the United States Trade Representative Office (USTR) announced the eleventh batch of product exclusionary announcements under the list of $200 billion plus tariff products, adding 177 items to exclude products, including 4 textile products. They are 4203.10.4095, 5108.10.8000, 5903.20.2000 and 6006.32.0080 respectively. Up to now, the 10 batch of exclude list of US $200 billion tax products has involved 44 textile tax numbers, and the products being excluded will no longer be added to 301 tariffs when exported to the United States. Exclusion period can be traced back to the date of entry into force of the 200 billion list - September 24, 2018. The validity of the excluded products listed in this notice is from September 24, 2018 to August 7, 2020.

A few days ago, the State Administration of market supervision formally approved that the first nonwovens product quality supervision and Inspection Center (Hubei) should be built on the basis of Hubei nonwoven product quality inspection center. The total investment of the project is 91 million 500 thousand yuan. After the project is completed, it can carry out 95 physical and mechanical tests on 95 categories, including non-woven materials, nonwovens semi-finished products, medical and health nonwovens, medical dressings, geotextiles, nonwovens for filtering, nonwovens for clothing, household and indoor nonwovens, and 8 categories of products. Measurement.

From the relevant departments of Puning, Guangdong, it was learned that the comprehensive environmental treatment center of textile printing and dyeing has been fully resumed and resumed. It is understood that the treatment center planning and construction of printing general plant, printing and dyeing plant, sewage treatment plant, central heating and gas supply projects, industrial water diversion and water supply projects, as well as roads, pipelines and other supporting projects in the park, arrange the production of printing and dyeing, printing and washing enterprises in Puning. At present, the treatment center park has invested more than 2 billion 200 million yuan, and the supporting projects such as the printing area of the park, the first stage of the sewage treatment plant and the first phase of the heating and gas supply project have been basically completed and put into operation at the end of last year. The printing area enterprises have been put into operation, and 41 printing and dyeing enterprises in the printing and dyeing area have entered the construction plant and entered the commissioning stage one after another.

On March 24th, Xinye textile (002087) recently announced that the company received the resignation report of Xu Qian Zhi, the company's chief financial officer recently. Xu Qinzhi's resignation came into effect on the service of the board of directors. Xu Qinzhi resigned as chief financial officer of the company and remained a company director, deputy general manager and Secretary of the board of directors. It is understood that Xu Qin Chi for personal reasons for resigning the company's chief financial officer duties.

According to the Vietnam cotton yarn Association, Vietnam imported 151 thousand and 100 tons of cotton in February 2020, an increase of 86.4% over the same period, and a total import volume of 232 thousand and 600 tons in 1-2 months, an increase of 1.3% over the same period last year. In February, the yarn import volume was 77 thousand and 800 tons, an increase of 6.7% in the chain, and 150 thousand and 800 tons in 1-2 months, an increase of 0.3% over the same period last year. In February, the yarn export volume of Vietnam was 146 thousand tons, an increase of 35.3% in the chain, and 253 thousand and 800 tons in 1-2 months, an increase of 5.5% over the same period last year. In February, the total export volume of textiles was 2 billion 766 million 500 thousand US dollars, an increase of 54% over the same period, and the export volume in 1-2 months was US $5 billion 645 million 600 thousand, a decrease of 5% over the same period last year. Textile and garment exports decreased by 3.6% in the 1-2 months.

The US government has learnt to consider delaying tariffs on imported goods around the world for 90 days. People familiar with the matter said the US government is discussing whether to delay tariffs on imported goods around the world for three months. In recent days, the US Customs and Border Protection Agency (CBP) and other government agencies have discussed the three month tariff moratorium, triggering opposition from domestic trade associations. At present, a CBP spokesman has not yet commented.

According to the announcement recently issued by the US trade representative's office on the second batch of 34 billion dollar tariff exclusion list, the sale of some commodities will be re imposed 25% duty from March 25th this year. Since July 6, 2018, the United States has imposed a 25% tariff on Chinese exports of a total value of about $34 billion. In March 25, 2019, the office of the trade representative of the United States announced that it would temporarily exempt tariffs on some of the commodities for a period of one year. Before the expiration of the one year deadline, the United States updated the list of temporary exemption from tariffs, of which 11 items were extended for 1 years and 22 goods were not extended. They will be recharged 25% from March 25th. According to the announcement, the commodities that extend the exemption period include diving water filtration machinery, sucking apparatus, etc., which will be added in March 25th, including submersible centrifugal pumps, cast iron impeller housings, compressor housings designed for turbochargers, etc.

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