Acrylic Fiber Straight Down 1700 Yuan, The Cost Will Still Fall? Sticky Short Production Reduction, Substantial Price Cut Rumors Again?

Market brief

Zheng cotton rushed to the high level, short positions increased, and downstream demand was poor. Textile enterprises will usher in the May 1 "long" holiday. With the end of the Xinjiang planting season, the possibility of weather speculation is increasing. The spot market of lint continued to wait and see, the cotton mill continued to purchase small quantities of rigid demand only, the atmosphere of cotton purchase and sale was not active, the quotation was weak and volatile, the downstream products were hard to sell, the cotton purchase rhythm was further slowed down, the cotton lint supply was still sufficient, the current market profit guidelines were inadequate, and the cotton price rise was still hard to find effective boost, and short-term spot cotton prices continued to shake the trend. In addition, Xinjiang cotton sowing is basically over. This year's weather is better than that of the same period last year. However, domestic funds may still be hyped up. It is recommended that we pay close attention to the weather and capital movements.

The price of acrylonitrile is mainly weak, and the mainstream factory has reached 6500 yuan / ton per month, which is basically in line with market expectations. There is a limited change in the trading volume of the trading company, and most of the manufacturers refer to factory price sales. There is no lack of low-end offer in the market, and the idea of maintaining the goods at the lower reaches needs to be maintained. The price of acrylonitrile is hard to overcome. Acrylic fiber prices are weak and volatile, cost support is insufficient, the price of some acrylic factories cut down 1700 yuan / ton, other factories also have price adjustment news, acrylic fiber cost support continues to weaken, at present, acrylic fiber market is hard to find, short term acrylic fiber short price is expected to remain weak and shock.

The Shanxi Provincial Office of industry and Commerce recently issued a circular for the relevant units of the province to solicit the members of the Shanxi provincial standardization committee on textile fiber and textile garments, with the deadline of May 1st. The Technical Committee for standardization of fiber and textile garments in Shanxi province is responsible for the standardization of technology in textile and textile clothing basic standards, technical standards and management standards. The committee's collection includes experts engaged in production, research, teaching and management in the field of fiber and textile and clothing. The members of the committee should meet the following requirements: be familiar with and love standardization work, abide by the law and discipline, abide by the constitution of the technical committee, participate in standardized activities on time, conscientiously perform the duties and duties of members, have good professional ethics, have a high theoretical level and rich practical experience in this field, and be familiar with the relevant laws, regulations and standardization policies of the state. The above professional technical title (or corresponding to a professional technical title) shall be recommended by the unit or social organization.

According to the latest data released by the Ministry of Commerce, in the first quarter of 2020, investors in China made non-financial direct investment in 2538 overseas enterprises in 153 countries and regions in the world, with a total investment of 169 billion 30 million yuan, down 0.6% from the same period last year. The total turnover of foreign contracted projects was 195 billion 340 million yuan, down 12.4% compared with the same period last year, and the new contract amount was 386 billion 500 million yuan, an increase of 13.2% over the same period last year. Foreign labor cooperation sent 64 thousand kinds of labor force, a decrease of 47 thousand compared with the same period last year, and 744 thousand workers outside the service at the end of 3. In the first quarter, Chinese enterprises invested 4 billion 200 million dollars in non-financial direct investment in 52 countries along the belt Road, an increase of 11.7% over the previous year, accounting for 17.3% of the total investment in the same period, representing a 2.4 percentage point increase over the previous year.

The joint venture issued its annual report in 2019, operating income of 3 billion 911 million yuan, down 6.19% compared to the same period last year. Net profit attributable to shareholders of listed companies was 393 million yuan, an increase of 0.70% over the same period last year. Net profit attributable to shareholders of listed companies after deducting non recurring gains and losses was 308 million yuan, down 7.77% compared to the same period. The basic earnings per share were 1.18 yuan, and each 10 shares were offered a cash dividend of 2 yuan (including tax). In addition to cotton cultivation, the company is a large high-tech enterprise with the whole industry chain of ginning, spinning, dyeing, weaving, finishing, knitting, home textile, printing and dyeing, clothing, thermoelectricity, sewage treatment, brand operation and warehousing and logistics. It has a production scale of 320 thousand spindles, an annual production of 160 million meters of dyed cloth, 60 million meters of printing and dyeing cloth, 11 million pieces of garments, 6000 tons of knitted yarn and knitted fabric dyeing, and 72 million mm production capacity of home textiles. The products are sold to more than 20 provinces and municipalities nationwide, and 65% of the main products are exported to more than 30 countries and regions, such as Japan and the United States.

It is reported that the State Administration of market supervision and Administration (National Standardization Management Committee) issued the national standard of GB/T 24252-2019 "silk quilt" in accordance with the Announcement No. thirteenth in 2019, and the implementation date was May 1, 2020. GB/T 24252-2019 "silk quilt" was first revised after the implementation of the original national standard GB/T 24252-2009 "silk quilt" after ten years. If you need standard text, please login to China silk standard network (www.tc401.com) for registration.

Recently, the town of Shengze has promulgated the "Wujiang high tech Zone (Sheng Zezhen) market oriented talent recommendation system", giving full play to the important role of market oriented talent in the allocation of talent resources, in order to accelerate the coordinated development of industry, market and city "three in one", and promote the quality development of Sheng Zegao to provide strong talent protection. It is understood that there are four kinds of reward categories: A, B, C and D. Among them, the reward of introducing the scarce talents (category A) is the highest, which can be rewarded by 300 thousand yuan. On the basis of the recommendation of the Shengze Town, talents or enterprises can enjoy the subsidies at the municipal level and the Wujiang district at the same time, and the highest level can be accumulated at 860 thousand yuan in Suzhou.

In April 17th, the Beijing reusable medical protective clothing produced by Bang Wei was awarded the two class of medical device registration certificate issued by the Beijing Municipal Drug Administration and became the first similar product approved in the country. The test results showed that the key performance test results of the approved reusable medical protective clothing, such as breaking strength, filtration efficiency, synthetic blood penetration and water permeability, were all higher than the national standard of medical disposable protective clothing. They are different in material composition, production process and clothing structure, which can meet the requirement of repeated use. It is understood that the protective clothing can be reused 10 times after being approved.

The world bank 2030 water resources group is seeking consultancy for Vietnam's two potential textile wastewater reuse projects in PPP. This is considered to be the first step for Vietnam to achieve industrial reuse commercialization. The consultant hired will be responsible for collecting relevant data on water and wastewater treatment projects in textile industry. On the basis of this, two suitable industrial parks will be selected for pre feasibility study, and a wastewater reuse action plan and financial plan for each park will be established. Although the Vietnamese government has been trying to promote the reuse of industrial waste water, there is still no concrete experience and guidance in the implementation of the project. With the increasing risk of water shortage, frequent drought and over exploitation of groundwater will further promote Vietnam to attach more importance to the development of unconventional water resources. The promotion of the recycling project can not only reduce water pollution, but also urge the textile industry wastewater to achieve better discharge standards.

According to Malaysia Oriental Daily News, due to the impact of the epidemic, Malaysia textile industry limited action control order and unable to take orders, within a month estimated loss of about 2 billion ringgit turnover. (because the exchange rate has changed, it is currently equivalent to 3 billion 380 million yuan). It is understood that Malaysia originally planned to implement a "action restriction order" for two weeks in from March 18th to 31st to better prevent and control the spread of the epidemic. Recently, Malaysia announced the extension of the "action restriction order" from two weeks to April 28th. According to the real-time map data, there are 2041 new confirmed coronaviruses in Malaysia (end of April 22nd). Recently, Hongkong Yida group, which produces over 100 million garments for world famous brands, has planned to close Malaysia's two factories in Penang and Kelantan in June 12, 2020 because of the impact of the epidemic. It is expected that 2000 employees will be affected.

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