No Money, No Purchase, No Production, No Purchase, No Reduction, No Purchase, And Sales Of Raw Materials And Yarns.

Market brief

Zheng cotton conceded concussion, the main contract was slightly enlarged, the competition was fierce, the short-term shocks did not change, and the spot market wait-and-see sentiment was strong. Because of the huge losses, the sale of the lint cotton was still stagnant, and the demand for downstream textile enterprises was not good. Some enterprises continued to make profits to inventory, and the cotton mills and cotton trading enterprises were hard to sell on the spot. Industry funds are tight, individual enterprises are forced to sell at a low price, but they still can not see the result. The traders' basic point price resources are generally traded. The situation of basic supply exceeds demand is expected to be difficult to reverse in the two quarter. The cotton price is affected by this effect under sustained pressure. The short term domestic cotton price is still dominated by weak stability.

Raw material propylene prices gradually returned to reason, acrylonitrile cost pressure eased slightly, but the factory is still in a state of loss, the market is expected to change the factory settlement, and the intermediate business returns have gradually returned to normal level after the phased inflation. Short term, terminal demand performance is poor, while Zhejiang petrochemical is still expected to put into operation, and the price of acrylonitrile market is hard to find a good support. The price range of acrylonitrile market is dominated by the whole price of the acrylonitrile market. Acrylonitrile staple fiber prices continue to consolidate, terminal demand has always been poor, acrylic fiber industry equipment load down to historical lows, the industry capacity running rate of reference 27%, but the factory still has inventory to digest, downstream domestic demand and foreign trade orders are not optimistic, manufacturers cautious watch, the lack of enthusiasm for procurement, with the closing date, and raw materials acrylonitrile prices are weak. Shock, acrylic fiber cost support is insufficient, market trading atmosphere is temperate, expect short term acrylic fiber price is weak and shock mainly.

The people's Bank of China authorized the China foreign exchange trading center to announce that the RMB exchange rate in the interbank foreign exchange market in April 15, 2020 was RMB 1 yuan =7.0402 yuan, so the customs exchange rate of imports and exports in May 2020 will be calculated at 1 US dollars = 7.0402 yuan. Attention is paid to cotton and textile enterprises with import and export business (7.0328 in April 2020). According to the 2005 Announcement No. fifty-third issued by the General Administration of Customs in October 30, 2005, the rate applicable to import and export cargo tax rates for each month is third Wednesday on the previous month (third Wednesday is a statutory holiday, and fourth Wednesday is postponed).

The China Textile Machinery Association organized a review of the product development centers declared by fourteen enterprises, and identified ten Chinese textile machinery product R & D centers (see Annex). The public notice period is 10 days from April 14, 2020. Beijing Jingwei Textile Machinery New Technology Co., Ltd.'s textile factory intelligent management system product research and development center, Wuxi Wanbao textile machinery and Electric Co., Ltd.'s compact spinning product R & D center, Jiangsu Song Hesong Intelligent Technology Co., Ltd. electronic jacquard product R & D center, Haining Textile Machinery Co., Ltd.'s raising machine product R & D center, Changzhou Hongda Electric Co., Ltd. image entire The product research and development center of the weft knitting machine research and development center, the carbon fiber equipment product development center of Jiangsu Eagle travel Textile Machinery Co., Ltd., the textile intelligent logistics system product development center of the North self (Beijing) Technology Development Co., Ltd., the high-speed winding head product research and development center of the Heng Tian heavy industry Limited by Share Ltd, the needling machine product R & D center of Shantou three Hui nonwovens machinery factory, and Zhejiang Jinggong branch Technology Limited by Share Ltd's carbon fiber equipment product research and development center.

On the morning of April 14th, the opening ceremony of Zhangjiakou Huan Xin textile washing Industrial Park under the blue whale holding group was held in Xuanhua development zone. Zhangjiakou Huan Xin textile washing Industrial Park is located in the Xuanhua Development Zone, covering 171 acres, 15 kilometers away from Zhangjiakou, 70 kilometers from Chongli, and 150 kilometers from Beijing. The construction of the industrial park project has been officially launched, and plans are being made to introduce the medical textiles of Germany, including the washing machines of dragon and Jensen, and the production line of washing clothes such as hotel textiles and so on. After the completion of the construction, the park will have 22 washing dragons and the production capacity is 680 tons of daily processing textiles. It will become the leading washing industrial park with the comprehensive capacity of the national equipment technology and production scale. The industrial park mainly takes medical, hotel and other public textiles washing as the core function. It integrates cloth grass leasing, cloth production and logistics services, and provides services for hotels, medical institutions, catering, aviation and railways. The scrubbing Industrial Park has been selected as the list of selected enterprises for washing and grass service providers of the 2022 Winter Olympic Games in our province.

A few days ago, the State Council approved and agreed to "a number of measures to support the opening up and development of the oil and gas industry chain in China (Zhejiang) free trade pilot area". The measures pointed out that the Zhejiang FTA pilot area should be supported to carry out the export business of refined oil moderately, allowing the existing integrated petrochemical enterprises to meet the requirements in the pilot area, and carry out the pilot test of non state trading of refined oil products, and arrange the export volume according to the annual arrangement as appropriate. Some analysts believe that Zhejiang petrochemical or become the first private oil refining and chemical refinery to obtain refined oil non state trade export quotas. Previously, China's refined oil export quotas were concentrated in the hands of CNPC, Sinopec, CNOOC, China Sinochem and China Aviation Oil five state-run oil companies. Statistics show that Zhejiang Petrochemical is jointly funded by Rongsheng petrochemical, Zhejiang Tong Kun, Zhejiang Juhua and Zhoushan Haichang. Among them, Rongsheng Petrochemical owns 51% of Zhejiang Petrochemical Company and is its controlling shareholder.

According to the data released by the General Administration of Customs in April 14th, the volume of foreign trade of goods in the whole country declined in the first quarter of 2020. According to the US dollar, the national foreign trade import and export amount was 943 billion 220 million US dollars, down 8.4% compared with the same period last year, of which exports declined by 13.3% and imports decreased by 2.9%. In the first quarter of 2020, the total export volume of textiles and clothing in China amounted to US $45 billion 260 million, a decrease of 17.7% over the same period last year, of which 22 billion 690 million US dollars in textile exports, 14.6% in the same period last year, and 22 billion 570 million US dollars in clothing exports, down 20.6% over the same period last year. From the perspective of the export of textile and clothing in the past years, the decline of China's textile and clothing exports even exceeded the 2009 after the outbreak of the financial crisis. According to statistics, in 2009, the export volume of the whole country decreased by 16%, and the export of textile and clothing decreased by 10.07%. In the first quarter of 2020, the export of goods and clothing decreased by 13.3%, and the export of textile and clothing dropped to 17.70%.

Recently, reporters learned from the Xinjiang agricultural and animal husbandry machinery administration, this year, Xinjiang will vigorously promote the scale of machine cultivation in southern Xinjiang. It is estimated that the additional area of 1 million mu will be increased, and the area of Akesu mining area will be the largest. This year, many places in Xinjiang also use precision seeding technology to purchase new cotton demand seeding machines, so as to increase cotton survival rate and save costs, and the cotton yield per mu is increased by more than 300 yuan. Data show that in 2016, Xinjiang cotton production rate was 21%, increased to nearly 38% in 2018, and increased to around 42% in 2019. The number of cotton pickers in Xinjiang has increased rapidly. At present, the number of cotton pickers in Xinjiang is about 5000 units. According to the statistics of National Bureau of statistics, in 2019, Xinjiang (including Xinjiang production and Construction Corps) cotton sown area of 38 million 107 thousand and 500 mu, and its output reached 5 million 2 thousand tons, accounting for 84.9% of the total output of the country. Xinjiang's total cotton production, yield per unit area, planting area and commodity allocation ranked first in the country for 25 consecutive years.

On the 15 day, the China Foreign Trade Center (Group) decided that Tencent will become the 127th Canton Fair technical service provider, providing the overall technical support, platform research and development services and cloud resources support for the Guangzhou Fair. According to the briefing, Tencent will provide comprehensive technical support for the first online Canton Fair construction, realize efficient docking between online and offline services, fully assist the resumption of work and resume production, and activate the new global trade and economic kinetic energy. Since the establishment of the Canton Fair, it has become the first platform for promoting China's foreign trade. As of the 126th session, the total export volume has reached about 14126 billion US dollars, and the total number of overseas buyers has reached 8 million 990 thousand. At present, each Canton Fair has an exhibition scale of 1 million 185 thousand square meters, with 2.5 exhibitors inside and outside the country, and about 200 thousand overseas buyers from more than 210 countries and regions. The 127th Canton Fair will be held online in mid and late 6. This will be the first time that the Canton Fair will be held in China in the form of network. It will present three interactive plates, which will enable the exhibition to integrate, negotiate and trade together to create an efficient online experience for exhibitors and purchasers. The Ministry of Commerce will also promote the exhibition of 2.5 000 exhibitors.

At 10:30 on the morning of April 16th, Hengli (Luzhou) Industrial Park was officially launched in Sichuan, China. The project covers an area of 5000 mu and a total investment of 20 billion yuan, which is the largest investment attraction in Luzhou since its establishment. The first phase of the project will be put into operation at the end of October 2020. Two years later, the industrial park project has been completed. A new intelligent material production base with an annual output of 1 million 200 thousand tons of Polyester Spun, 10 thousand sets of high-speed water jet looms and an annual output of 1 billion meters of textile fabrics will be developed. Luzhou will also become an intelligent new polyester material and high-end textile manufacturing center in Southwest China. After the industrial park project is completed and put into operation, it will achieve an annual output value of 200-300 billion yuan, annual profits and taxes of 2 billion yuan, and solve 15 thousand people's employment.

According to the US agricultural Counselor's report, Pakistan's cotton production in 2020/21 is estimated to be 6 million 300 thousand packages, down 21% from the same period last year, because the cotton planting area decreased by 12% over the same period last year. Pakistan's textile cotton is expected to be 11 million bags, and the government continues to provide support for textile exports. At the same time, the textile industry will continue to adhere to the high quality development route, and the import volume of cotton is expected to reach 4 million 500 thousand packages, an increase of 8% over the same period last year. In 2020/21, cotton consumption in Pakistan was estimated to be 11 million packs, a slight increase compared with the same period last year, because the Sino US trade issue caused some textile orders to flow to Pakistan. Meanwhile, the expected improvement of energy supply and the extension of the EU GSP for two years also bring opportunities for textile production. In addition, Pakistan's demand for high-grade cotton is still stable, and imports of cotton are expected to be 4 million 550 thousand bales.

Recently, the European Union ambassador to Burma said that the European Union will invest 5 million euros (around 8 billion Burma) to subsidize Burma's unemployed clothing workers and distribute 3 months' wages for them. Workers in some garment processing factories in Yangon and Irrawaddy, Burma, are facing unemployment, which will be directly subsidized to those unemployed workers who are in difficult times. In the field of garment factories in Burma, 81 factories were closed, more than 25000 unemployed, and more than 58000 unemployed in all areas of the country. The assistance program will start in May 1st and will provide 75000 Burma ~125000 Burma wages for unemployed workers every month until July. The average unemployed worker has 75000 Burma per month, and the workers who are not normally unemployed have 125000 Burma coins per month.

Market curve

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