How Can We Explain The Difference Between The Two? Price Reduction Step By Step, Yarn Enterprises Inventory Cleared?

Market brief

Zheng cotton rushed down, and the main contract increased slightly. Due to the poor downstream demand, textile enterprises will usher in a rare 51 Day holiday. Cotton consumption is sluggish. In addition, with the end of the Xinjiang planting season, the possibility of weather speculation is increasing. There is no change in the spot lint market, and the demand continues to be weak. Downstream cotton mills and small traders are buying Xinjiang cotton on the basis of price difference. The cotton trade is still dominated by small orders, and the purchasing attitude of the downstream is continuous and cautious. Some may plan to ease the pressure on product inventory, extend market confidence and keep the short term lint demand in the doldrums. If both ends are not favorable, cotton prices will run under pressure and short-term cotton prices are expected to be stable and weak.

Acrylonitrile price consolidation is the main factor. After the announcement of the main factory monthly statement, the middlemen sell more reference to the factory price. At the end of the month, there are only a handful of merchants, and the offer is limited. The small single transaction is close to the high end, the demand continues to be poor, and many factories maintain the maintenance plan. Next month, the load of acrylonitrile plant is still down. At present, the market is concerned about the progress of the new device, and the trader's mentality is cautious. Short term acrylonitrile price is expected to be the main sidewall finishing. Acrylic staple fiber prices continue to consolidate, factory prices generally lower at the end of the month, the market trading center is weak and volatile, at present, terminal demand is still not good, downstream factories production and marketing situation is not good, the market turnover atmosphere continues to be temperate, acrylic fiber industry equipment load will continue low, short-term forecast acrylic fiber price stabilization, should pay attention to this change.

The National Bureau of Statistics announced on April 27th that profits in Industrial Enterprises above Designated Size dropped by 36.7% in the first quarter of this year. In 1-3, the total profit of Industrial Enterprises above Designated Size reached 781 billion 450 million yuan, down 36.7% from the same period last year, and the decline was narrowed by 1.6 percentage points compared with that in 1-2 months. Manufacturing industry realized a total profit of 607 billion 960 million yuan, a decrease of 38.9%; in 1-3 months, the total profit of chemical raw materials and chemical products manufacturing industry decreased by 56.5%, and the total profit of textile industry decreased by 38.8%; at the end of 3, the operating income of industrial assets per 100 yuan for industrial enterprises above designated size was 68.6 yuan, a decrease of 17.2 yuan compared with the same period last year, and the per capita business income was 1 million 134 thousand yuan, a decrease of 135 thousand yuan compared with the same period last year, and finished product inventory week. The number of transferred days was 23.1 days, an increase of 5.5 days compared to the same period. The average payback period of accounts receivable was 63.1 days, an increase of 14.3 days compared with the same period last year. In March, industrial enterprises above Designated Size realized a total profit of 370 billion 660 million yuan, down 34.9% from the same period last year.

From the video conference on promoting the employment of textile and clothing and other labor-intensive industries in Xinjiang in April 24th, we learned: in 2020, the autonomous region strives to achieve 80 thousand new jobs in the textile and garment industry (including Corps), and 15 thousand new jobs in labor-intensive enterprises such as consumer electronics production, shoes and hats, bags, toys, wigs and leather goods. In 2019, the textile and garment industry in Xinjiang realized 134 thousand and 300 new jobs and overfulfilled the employment target set by 95 thousand people at the beginning of this year. The scale of the textile and garment industry continued to expand. As of the end of 2019, the number of textile and garment production enterprises registered in Xinjiang reached 3251, an increase of 270 over the previous year, of which 219 were added to four prefectures in the southern Xinjiang, accounting for 81.1%. The value added of textile and garment enterprises in Xinjiang above 253 scale increased 4.3% over the same period last year.

In the evening of April 23rd, Hengli Petrochemical disclosed the first quarter performance report. The company achieved a revenue of 29 billion 771 million yuan in the first quarter of 2020, an increase of 97.77% over the same period last year, and a net profit of 2 billion 143 million yuan attributable to shareholders of listed companies, an increase of 323.84% over the same period last year, and its performance exceeded market expectations. For the reasons for the growth of performance, the company said Hengli 20 million ton / year refining and chemical integration project formally implemented commercial operation in the two quarter of 2019. Driven by the new business pattern of the "-PX-PTA- polyester" whole industry chain, the company has refined the product management mode with the integration of upstream and downstream production capacity, achieving a significant increase in the scale of revenue and profitability.

After the commissioning of Sinopec Yizheng chemical fiber's first melt blown fabric production line in March 29th, other production line construction has been racing against time to seize the progress. Recently, Yihua sixth melted spray production line has been put into operation once and for all. By the end of May, 12 production lines are expected to be put into operation. Zhou Zhaoyong, chief engineer of Yizheng chemical fiber short fiber melting and spraying device, said that the remaining production lines of the first phase are ready to be put into operation before May 1st, so that 10 production lines will be put into operation in May 5th, which is 25 days faster than the original plan. At present, each production line produces an average of 1.5 tons of melted cloth per day, and all the products have been sold. Through laboratory evaluation and third party testing organizations, the quality of the products has reached or surpassed the KN95 mask standard.

April 26th is World Intellectual Property Day. In the afternoon, Foshan held a mobilization meeting to create a national copyright demonstration city. It is reported that at the end of last year, the Central Propaganda Department (National Copyright Administration) formally approved Foshan's creation of a national copyright demonstration city. To this end, Foshan has fully deployed the work requirements and specific arrangements to promote the establishment of a national copyright demonstration city in Foshan, and Foshan plans to implement the "Foshan works copyright registration and subsidy measures", so as to promote the continuous increase of the volume of works registration in the whole city. The registering volume of each district's work increases by more than 20% per year, and the volume of works registered in the city is not less than 10 thousand, and strive to work until the end of 2021. The total volume of registration exceeded 50 thousand.

Recently, the first full-automatic mask production line in Zouping has been successfully put into operation in Shandong well medical protective articles Technology Co., Ltd., which can further provide material guarantee for the current epidemic prevention and control. In the newly built 100 thousand level clean workshop, accompanied by the high-speed operation of the equipment, a mask quickly goes offline, and the whole process is completed at one go. It is understood that each mask is subjected to strict quality control, and the three layer (inside and outside double layer non-woven fabric and middle melt blown cloth) filter design can adjust the nose bar to fit the face more comfortably and cleanly and cleanly, so that the face can be safely protected. In order to cope with the urgent demand for protective clothing in front of the prevention and control line, in February 10th, the Shandong group of Wei Qiao group made an urgent switch to Shang Yi culture Co., Ltd., and launched the Shandong good health medical protection products Technology Co., Ltd., mainly developing, producing and selling disposable medical masks, protective clothing, isolating clothes, headgear, foot covers and other medical protective articles.

It is understood that at present, Pakistan is in a semi closed state, and the government has begun to resume garment production after the textile industry has been excluded from the blockade within the government to ease the pressure on textile workers to survive. The move is widely welcomed by the textile and garment industry in the country. Pakistan textile and garment industry accounts for 40% of the national labor force, accounting for 46% of the manufacturing industry, accounting for 67% of the total exports. According to the Statistics Bureau of Pakistan, in 2019 7-12, Pakistan exported garments to the United States for export of US $1 billion 410 million, an increase of 12.1% over the same period last year. The Pakistan Garment Manufacturers Association said the new crown epidemic had a huge impact on clothing production in the country, and industry experts urged the government to introduce a stimulus package to ensure continued production of clothing.

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