Cotton, Polyester And Short Prices Rose, Total Investment 1 Billion 360 Million Yuan, 200 Thousand Spindles Spinning And Weaving Project Started.

I. market quotation

　　 1 domestic cotton prices rebound

Last week, the central bank said that the transmission efficiency of China's monetary policy was significantly improved, and there was no mobile deposition phenomenon; the relevant meeting announced that the Canton Fair will be held on the Internet this year. In the face of the trade impact caused by the epidemic, the joint efforts of various policies are intended to stabilize the basic foreign trade market. Domestic cotton prices rebounded. The national cotton price B index, representing mainland standard grade lint sales, was 11465, up 372 yuan / ton compared with April 3rd, or 3.35%. The settlement price of Zhengzhou cotton futures contract was 11555 yuan / ton, up 645 yuan / ton compared with April 3rd, or 5.91%.

2 international cotton prices rose sharply

Last week, the Federal Reserve announced that it would provide $2 trillion and 300 billion in loans to support the response to the epidemic, provide as many policy tools as possible to achieve a bail-out and stabilize the economy; the number of newly diagnosed cases in Europe and other countries has slowed down, and the international market has eased concerns about the epidemic; the major oil exporting countries have initially reached the intention to cut production, and crude oil prices have shown signs of a slight rebound. Affected by these factors, domestic and foreign commodity prices generally rebounded. The international cotton index (M), which represents the average price of the Chinese main port on the import cotton, is 65.90 cents / pound. The price of RMB converted to RMB 1% yuan is 11449 yuan / ton, representing an increase of 596 yuan / ton, or 5.49%, compared with April 3rd.

3 polyester staple prices rebounded sharply

During the Qingming Festival, the PET staple factory had increased its quotations 2 times, and some factories showed that the list was full, and some of them had gone back for more than two weeks during the Qingming Festival. Fujian polyester staple 1.4D direct spinning price of 5750-5800 yuan / ton, short distance delivery, real single discount. Shandong, Hebei polyester staple 1.4D half light consultation or near 5850-6000 yuan / ton, real single negotiation. In April 10th, the polyester staple price index closed at 6000 yuan / ton, up 670 yuan / ton compared with April 3rd, or 12.57%.

4 viscose staple prices continue to fall

Viscose staple fiber is light, the downstream performance is dismal, the spinning plant expands the storehouse, the demand shrinks, the viscose staple fiber factory is out of stock, the stock is high, the industry majority of raw materials are sufficient, the factory still maintains the normal production, does not have the burden reducing measure temporarily. At present, the price of mid end viscose staple fiber is 8600-8800 yuan / ton, and the price of high-end viscose staple fiber is 9000-9200 yuan / ton. Viscose staple fiber price index closed at 8600 yuan / ton in April 10th, down 300 yuan / ton compared with April 3rd, a decrease of 3.37%.

5 domestic and foreign yarn fluctuations

Last week, the cotton yarn market was sluggish and the price fell slightly. The price of PET staple fiber rebounded to drive up the price of polyester yarn, but the short-term market was a cost driver. The price continued upward in the future market. The overall purchase and sale of the grey fabric market was not smooth, and the withdrawal of foreign orders was serious and stopped. The price of combed 32S pure cotton yarn is 19300~19500 yuan / ton, down 140 yuan / ton compared with last week, 30S yuan cotton yarn 13300~13500 yuan / ton, compared with last week, it dropped by 130 yuan / ton; 32S polyester yarn quoted 10350 yuan / ton, up 75 yuan / ton compared with last week. International cotton yarn prices remained stable, India and Vietnam 32S cotton yarn import costs rose 3 yuan / ton, regular external yarn is higher than domestic yarn 803 yuan / ton.

Two, economy and industry operation

Consumer prices rose 4.3% in 13 months.

In March 2020, consumer prices nationwide rose by 4.3% over the same period last year. Food prices rose by 18.3%, non food prices rose by 0.7%, consumer goods prices rose 6.2%, and service prices rose by 1.1%. In the first quarter, consumer prices nationwide rose by 4.9% over the same period last year.

In March, the price of food and alcoholic drinks increased by 13.6% compared with the same period last year, and the price of animal meat increased by 78%, of which pork prices rose by 116.4%; aquatic products prices rose by 2.8%; egg prices rose by 1.9%; fresh fruit and fresh vegetable prices fell by 6.1% and 0.1% respectively.

The other seven categories of prices rose four or three over the same period. Among them, prices of other goods and services, educational culture and entertainment increased by 5.3% and 2.5% respectively, and the prices of medical care, daily necessities and services rose by 2.2% and 0.3% respectively. Traffic, communications, clothing and living prices decreased by 3.8%, 0.3% and 0.1% respectively.

In the 23 month, the producer price of industrial producers dropped by 1.5% over the same period last year.

In March 2020, the producer prices of industrial producers decreased by 1.5% compared to the same period last year, a decrease of 1% compared with the same period, while the purchasing prices of industrial producers decreased by 1.6% compared to the same period last year, and the annulus ratio decreased by 1.1%. In the first quarter, the producer prices of industrial producers dropped by 0.6% compared with the same period last year, and the purchasing prices of industrial producers fell by 0.8%.

Producer prices fell by 2.4% year-on-year in the producer price of industrial producers, a 1.4 percentage point increase from last month, and a drop of about 1.79 percentage points to the total level of producer prices. Among them, the price of the extractive industry dropped by 4%, the price of raw material industry decreased by 5.2%, and the price of processing industry dropped by 1.2%. The price of living goods rose by 1.2% over the same period last year, or 0.2 percentage points lower than that of the previous month, affecting the total producer price level of industrial producers by about 0.32 percentage points. Among them, food prices rose by 4.5%, clothing prices fell by 0.5%, general commodity prices rose 0.1%, and durable consumer goods prices dropped by 1.9%.

3 by the end of March, global textile orders had been reduced by 8%.

In from March 13 to 25, 2020, ITMF, an International Federation of textile manufacturers, conducted a survey of its members to investigate the impact of the new crown epidemic on the global textile value chain, especially the impact on the current orders and the expected turnover in 2020. 34 companies from around the world took part in the survey.

The survey shows that orders have been reduced by 8% worldwide. Companies in all parts of the world have been cancelled and / or postponed. From the world average, the current orders fell by 8%. Orders fell from 4% in South America to 13.3% in Africa.

The average turnover of Companies in all regions in 2020 is expected to be significantly lower than that in 2019. On the world average, the turnover in 2020 is expected to be 10.5% lower than that in 2019. In North America, the average decline is expected to be 7.5%, while European companies are expected to fall by 17.5%.

4 the situation of resumption of production is generally stable, and the pressure of business operation continues to increase.

According to the survey data of China Textile Corporation, the proportion of enterprises resumed by April 8th reached 98.8%, a slight increase of 0.4 percentage points from the previous week. There was a slight fluctuation in the proportion of reemployment workers this week, and the number of returning workers in 164 reemployment enterprises reached 278 thousand, accounting for 90.9% of the total number of employed workers under normal conditions, which was 3.7 percentage points lower than the previous week's survey results.

Although the survey data show that the situation of textile enterprises resumption and resumption of production has remained stable throughout the week, the recent export orders have suffered a serious decline due to the global spread of the new crown pneumonia epidemic, which has a great impact on the production and operation of the textile industry. The proportion of enterprises that have been started remains at a high level, mainly because a large number of textile enterprises are still trying to maintain production under the condition of insufficient orders because of the consideration of stabilizing employees and fulfilling their social responsibilities. It is understood that parts of the region has begun to appear small and micro enterprises downtime situation, the next two weeks, the textile industry will continue to maintain the current stability of the starting situation will be significantly increased the difficulty, the proportion of start-up enterprises or will decline.

5 industry chain fermented fermentation industry "chain" breach of contract

Pure cotton yarn market continued to slack, the stock continued to climb, relative to domestic sales alone better than export orders, prices continue to decline, there is a partial phenomenon of low-priced goods. As of 9 days, China's yarn stock index rose to 27.1 days. From the profit point of view, because of a sharp fall in raw cotton before, the price of pure cotton yarn has continued to decline, but the decrease is obviously less than that of cotton. The cost pressure of spinning enterprises has declined, and spot profits have improved significantly. At present, C32S now buys cotton with profit of 1000 yuan / ton. However, as many raw materials of textile enterprises were built up years ago, the actual profit is still poor, not to mention the sale of finished products.

From the perspective of the whole industry chain, the situation of foreign trade in textile and apparel industry is slowing down, and the slow recovery of domestic sales and the "epicentre" of the new crown pneumonia epidemic are coming from Europe and the United States to the "handover bar" of India and Africa. Moreover, the recent bad environment continues to ferment and transmit to the upper reaches. The whole industry even appeared a phenomenon of "serial" breach, which has caused great damage to the entire cotton and cotton textile and garment industry chain.

Three. Industry policies and trends

1 Viet Nam filed anti-dumping investigations on Chinese polyester filament yarn

In April 6th, the Ministry of industry and trade of Vietnam issued an announcement on anti-dumping filing. It decided to apply to Vietnam's domestic enterprises to initiate anti-dumping investigations on polyester filament yarn products (polyesterfilamentyarn) originating in China, India, Indonesia and Malaysia, involving products from Vietnam customs tariff No. 5402.33.00, 5402.46.00 and 5402.47.00. The dumping investigation period is 2019, and the investigation period is from 2017 to 2019.

2 textile industry five industry standards have been formally implemented.

FZ/T, issued by the Ministry of industry and information technology of People's Republic of China and the cotton textile branch of the national textile Standardization Technical Committee. 12061-2019 viscose nylon / polyester (PBT) imitation rabbit hair core yarn, "FZ/T13047-2019 cotton and nitrile blended fabric", "FZ/T12062-2019 viscose fiber colored yarn", "FZ/T13021-2019 cotton spandex elastic fabric", "FZ/T12063-2019 polyester wool blended yarn dyed yarn" five industry standard was formally implemented in April 1st.

3 the European Council approved the free trade agreement between the EU and Vietnam.

In March 30th, the European Council approved the EU and Vietnam free trade agreement (EVFTA) in written form. ETFVA was approved by the European Parliament in February 12th at the plenary meeting in France.

After the agreement comes into effect, the EU will cancel the import tax of about 85.6% of the tax items, which is equivalent to 70.3% of the commodity tariffs exported to Vietnam by the European Union. 7 years after the entry into force of the agreement, the EU will cancel the import duty of 99.2% tariff items, which is equivalent to 99.7% of Vietnam's export tariff. For the remaining 0.3%, the EU has committed itself to exemption from customs duties.

In general, Vietnam's exports to the EU almost 100% will be exempt from import duties. Up to now, this is the highest commitment Vietnam has made to Vietnam in the signed FTA agreement.

4 million 200 thousand spindles spinning and weaving project laying foundation in Guyuan, Ningxia

A few days ago, the foundation laying ceremony of the 200 thousand spinning and weaving project invested by Sichuan Zhongda Real Estate Co., Ltd. was held at the Guyuan Development Zone project in Ningxia.

It is understood that the 200 thousand spindles textile project launched is a textile industry chain project which integrates spinning, weaving and clothing. The total area of the project is 198.37 mu, and the total estimated investment of the project is 1 billion 360 million, which is divided into two phases. In 2020, it completed a 100 thousand yuan investment of 680 million yuan and reached the goal of operation. In 2021, it completed two phases 100 thousand yuan and 680 million yuan investment and put into operation.

After the completion of the project, it is estimated that the total industrial output value will reach 1 billion yuan, 150 million yuan in profits and taxes, and 1500 people in employment. It will effectively promote the development of Guyuan's textile and garment industry, promote the formation of textile industrial clusters, further expand employment and promote poverty alleviation and prosperity.

Four, wait for crude oil production agreement concussion finishing

　　 The new global contagion continues to aggravate the economic recession. The market is concerned about the shrinking demand for crude oil. EIA has sharply reduced the forecast of global demand for crude oil. Saudi Arabia, Russia and other OPEC+ countries reached a provisional agreement on video conferencing on Thursday, which will cut production by 10 million barrels per day. On Friday, the G20 energy ministers' meeting will be held. A number of non OPEC oil producing countries including the United States, Canada, the United Kingdom, Brazil and Norway will discuss and discuss the details of stabilizing oil market and reducing production. On the whole, the OPEC+'s agreement to reduce production will help ease the pressure of supply. After the oil market rebound has already absorbed many profits, the market is concerned that the scale of production reduction is not enough to cope with the impact of the epidemic on demand; the short term oil market has bottled up, and the overall volatility has intensified.

Five, the dollar returned to 99 yuan appreciation.

　　 Last week, the US dollar index showed a downward trend overall, falling back to the "99" level, which recorded a 99.5179 on Friday and a 1.11% decline in the week. This week, the number of new crown pneumonia cases in the US surged sharply, the economic outlook was worrying, the number of people lost their jobs, and consumer confidence was impaired. On the domestic side, the RMB appreciation trend this week, recorded 7.0466 on Friday, 0.77% higher than last week. The appreciation of the renminbi has been boosted by the decline in the US index. Secondly, the current domestic epidemic situation is well controlled. At present, it is mainly optimistic about the imported patients and asymptomatic patients. The third is that the government has continuously promoted reforms to boost market confidence; fourth, China's fiscal and monetary policy space is still large, and the domestic fundamentals are in an advantageous position compared with the foreign countries. It is expected that the short-term RMB rate will be strong and the shock interval will be 6.99-7.09.