Stage Replenishment Ending, Yarn Market Return To Light, Continue To Fall? What Does Lu Tai Raise 1 Billion 400 Million To Do?

Market brief

Zheng cotton shock consolidation, callback to 11400 near after the recovery, short-term Zheng cotton in the ascending triangle shock interval, shock interval 11200-11800 yuan / ton, short-term operation is difficult, it is recommended investors wait and see. Spot cotton price fluctuations are limited, turnover remains light, base point price, resource transaction price is stable and small movements, spot price turnover has picked up slightly, downstream demand is still in a weak position, textile enterprise product inventory is still high, raw material purchase mentality is cautious, multi dimensional rigid demand small single purchase, short term good guidance is insufficient, cotton price will continue to wide shocks, pay attention to foreign trade orders recovery situation and The latest development of Sino US trade relations.

Acrylonitrile quotation warm shock, propylene prices continue to push up slightly, acrylonitrile profit pressure is obvious, the recent factory maintenance increased, acrylonitrile has certain support, manufacturers offer gradually explore, after the Zhejiang Petrochemical new plant put into operation is still expected, acrylonitrile supply surface support will weaken, and the acrylic fiber industry equipment load is expected to decline, there is no new favorable fundamentals. Under the pressure of cost and profit, the price of acrylonitrile market is expected to move slightly upward. Acrylic fiber prices remain stable, the recent acrylonitrile mainstream factory offer, acrylic fiber cost pressure gradually obvious, the profit margins of the manufacturers again squeezed, the market has heard news of price adjustment, but the demand for terminal is flat, the downstream factories are generally active in raw material procurement, the Northeast polyacrylonitrile factory plans to overhaul, the market supply side support has increased, coupled with the cost push. It is expected that the price of acrylic staple will easily rise or fall in the near future.

China Textile Import and Export Chamber of Commerce 14 revealed that the impact of the global epidemic, the first quarter of China's home textiles exports biggest decline in history, exports Forty-four point eight Billion dollars, down compared with the same period last year 21.5% Higher overall than textile and apparel. Three point eight A percentage point. Among them, exports to the United States and the European Union declined considerably. In the first quarter, the export volume of home textiles to the United States and the European Union decreased respectively. 23.9% and 23.8% The average decline is higher than that of home textiles. Two point three The percentage of export share is 28.9% and 17.1% 。 Japan and Canada displaced third and fourth of China's home textile export market, with a relatively small decline in exports and a decline in exports. 17.4% and 14.1% The share of exports is 11.5% and 4.1% 。 From intercontinental and regional markets, China's textile exports to Africa were least affected, and exports fell year-on-year. 7.9% 。 In addition, China's home textile exports, towel products fell the largest, kitchen textiles declined relatively small. Bedding is the first category of China's home textile exports, and its exports fell year-on-year in the first quarter. 23.2% The total export volume 43.1% 。

According to the bulletin of the National Bureau of statistics, China's cotton output in 2019 Five hundred and eighty-eight point nine Million tons, less than in 2018. Twenty point seven 10000 tons, decrease 3.4% 。 Cotton production in Xinjiang Five hundred point two 000 tons, accounting for 84.9% 。 Affected by the global spread of the new crown pneumonia epidemic, the export of textile and clothing domestic demand has shrunk and cotton consumption has decreased significantly. The national grain and Oil Information Center estimated in May that the cotton consumption in China during the period 2019/20 (from September to August next year) was about 7 million 500 thousand tons, a decrease of 800 thousand tons compared with the previous year. 9.6% 。 The demand for textile and garment consumption is weak, domestic cotton prices have dropped sharply, and the difference between imported cotton prices has narrowed, and import profits have decreased. The national grain and Oil Information Center predicted in May that China's cotton imports will reach 1 million 700 thousand tons in 2019/20, less than the previous year. Thirty point seven Annual cotton balance Four point nine Million tons, and last year's production and demand gap Twenty-four point seven Ten thousand tons. It is estimated that the cotton planting area in Xinjiang will be generally stable, but the area within the territory is restricted by the arable land area of water resources, and the planting area will be reduced slightly. Owing to the decline of cotton planting income, the planting area will be reduced.

In May 13th, the listing ceremony of the RT textile Limited by Share Ltd convertible bond was held in the villa of the villa. Lu Tai officially launched the IPO A convertible bond in May 2019, which lasted for 1 years. After the preparation, declaration, preliminary examination, meeting and issue, the fund was raised in April 15th this year. The convertible bond will raise funds of 1 billion 400 million yuan, which will be used in the functional fabric smart ecological park project, the high-grade printing and dyeing production line project and the supplementary part of the working capital.

In May 9th, the Sinopec announced that 16 melted spray production lines were completed, of which 4 were Yanshan petrochemical and 12 Yizheng chemical fibers, together with the capacity of joint ventures. Sinopec has built the world's largest melt spraying production line, with an annual output of 37 tons. One point three five Ten thousand tons. If we produce 1 million medical masks according to 1 tons of melted cloth, the capacity of Sinopec is equivalent to an increase of 13 billion 500 million masks. It is understood that Sinopec completed the construction time of 16 melted spray production lines, only 76 days, creating a new world record.

Learned from the state post office that 1-4 month, postal industry business income (excluding postal savings bank's direct business revenue) has been completed. Three thousand and ninety point two Billion yuan, an increase year on year 5.4% The total business volume has been completed. Five thousand one hundred and nine point three Billion yuan, an increase of 14% over the same period last year. In April, the national express delivery service business volume reached 6 billion 500 million, an increase year on year. 32.1% Completion of business revenue Seven hundred and twenty point nine Billion yuan, an increase year on year 21.7% 。

The Ministry of Commerce said that the growth of China's exports in April this year was the result of multiple factors. From the supply side, the domestic epidemic prevention and control strategy has made significant strategic achievements, and the pace of resumption of production and production has accelerated, and the domestic industry capacity has picked up, providing a strong guarantee for the expansion of exports. From the demand side, the demand recovery in Japan and South Korea is relatively fast. In April, China's exports to both countries increased significantly. The ASEAN market was generally stable. In the month of April, my export growth rate to ASEAN was higher than the overall growth rate. 1-4, China's export growth to ASEAN 3.9% Increase in proportion One point five Percentage point to 15.6% ASEAN has become China's largest export market. The Ministry of Commerce said that for this year's overall foreign trade situation, the risks and challenges faced by China's foreign trade development are still very severe due to the huge impact of the epidemic on the world economic trade and the global supply chain of industrial chains, and the risks and challenges faced by China's foreign trade development are still very severe.

The latest research report of Italy Fashion Industry Federation shows that in the first quarter of 2020, Italy fashion and textile company lost more than 3 billion 500 million euros in revenue, or lost about 9 billion euros in revenue throughout the year. Many fashion and textile companies in Italy are located in Lombardia and PieiTe Monte A, the most serious ones. They were forced to stop any business activities during Italy's "sealing up". According to the study, 42% of the Italian company surveyed lost 20%-50% revenue, and 28% of the surveyed companies lost 10%-20% revenue.

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