Will There Be Policy Incentives For The Two Sessions To Boost Market Confidence? In The Traditional Off-Season, Foreign Trade Or Domestic Demand First Exert Force?

Market brief

Zheng cotton shock consolidation, the main contract slightly reduced, short-term technology trend is weak, concerned about Zheng cotton in 11800 performance. Despite the lack of information on the lint spot market, there is no clear direction. Although the order of some cotton yarn enterprises has improved, the downstream demand is limited, but the scale is not large. The overall consumption of cotton is still poor. At present, most of the downstream textile enterprises are running hard, the pressure of orders and funds is generally large, the price of spot basis price increases, the downstream mills continue to wait and see, and the purchase and sale of lint. In recent days, the two sessions have been held. Confidence in the market is optimistic, and cotton prices are expected to be stable and warmer.

The price of acrylonitrile is in a stalemate. The factory is close to the market. The market is expected to have some expectations. Traders are cautious in their trading positions. With the restart of some maintenance devices in the short term, and the new equipment of the Zhejiang Petrochemical new acrylonitrile plant is still expected to be put into operation, the support for the acrylonitrile supply side is expected to weaken, while the downstream demand is relatively stable. It is hard to see that the expected increase in the acrylonitrile plant takes into account the continuous loss of acrylonitrile plant. It is expected that the price of acrylonitrile will not be substantially changed before the end of the month. Acrylonitrile staple fiber prices continue to consolidate, terminal demand has not improved significantly, the acrylic fiber market turnover atmosphere is generally, and factory operation changes little, the industry overall load is still relatively low, with the price of raw materials acrylonitrile prices continued strong shocks, acrylic fiber cost pressure increased, the market has no price adjustment rumors heard, acrylic fiber factory profit reduced, but the traditional off-season, demand is difficult. With the emergence of large profits and the game of supply and demand, the price of acrylic fiber will be narrowed under the support of cost.

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 May 20, 2020 was RMB 1 yuan =7.0956 yuan, so the customs exchange rate of imports and exports in June 2020 will be calculated at 1 US dollars = 7.0956 yuan. Look forward to the import and export business of cotton and textile enterprises. (May 2020 was 7.0402). 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).

In May 20th, the market supervision bureau issued a typical case of illegal price behavior of fusing materials such as melted spray cloth in the early morning of the epidemic prevention and control in the official website of the official website (the eleventh batch). Jiangsu Sheng Textile nanomaterials Polytron Technologies Inc, Jiangmen Hengtong nonwovens Co., Ltd., Zhejiang golden three hair health Mstar Technology Ltd, Hangzhou Chen Da New Material Co., Ltd., Shanghai fine hair industry Co., Ltd., and Ma Mou, Yu Mou, Cheng, and Chen Mou have been involved in raising the price of anti epidemic materials such as melted spray cloth and so on.

On the afternoon of May 19th, 2019 China's textile and garment industry's annual elite list of cloud publishing and cum ten years' example power cloud Forum on the live platform hot line, a total of 48 thousand and 200 people participated in the activity enthusiastically, received 34 thousand and 700 points praise! In the 2019 annual list of China's textile and apparel industry, the ten annual figures, ten innovative enterprises, ten dominant brands, ten characteristic clusters, ten industrial parks (platforms), ten dynamic markets, ten major equipment pioneers, and technology driven models, fashion leading models, and sustainable development models, 73 institutions and enterprises, and individuals on the list. In succession, they made a statement.

On the 19 day, the consultative Office of the Nantong municipal CPPCC economic circle "has something to discuss" to carry out consultative activities around "accelerating the development of characteristic parks and promoting the transformation and upgrading of the textile industry". The textile industry is a traditional pillar industry in Nantong. After years of development, textile and garment industry system has been gradually formed, such as home textile, chemical fiber, cotton textile (dyeing and weaving), printing and dyeing, wool textile, knitting, clothing, cocoon and silk, and so on. High-end textile has become one of the three pillar industries in the city. According to statistics, there are 1066 key textile enterprises above Designated Size, employing about 1/4 of the total number of employed Enterprises above designated size. At the same time, the development of the industry chain is uneven and inadequate, which restricts the high quality development of the textile industry in our city.

Recently, China Hi-Tech Group Corporation signed a strategic cooperation framework agreement with Shandong Hongtai Dingxin Mstar Technology Ltd. It is reported that Shandong Hongtai Ding business is Lesel short fiber production and sales, will invest 6 billion yuan in the Xiajin County Economic Development Zone Planning, construction of an annual output of 300 thousand tons of Lesel fiber project. The project is implemented in three phases. At present, an annual production of 100 thousand tons of the project is currently being implemented. It is planned to be put into operation at the end of 2020. Xiajin county is famous for planting cotton, and its textile industry is its traditional advantage and economic pillar industry. The county involved 197 cotton enterprises, the total spinning Scale total 2 million 200 thousand spindles, annual output of cloth 90 million meters, clothing 30 million sets, Home Textiles sewing products 5 million pieces, has won the "China Cotton Textile City", "China textile product quality assured county" and other honorary titles, "Xiajin yarn" has been selected as the "national textile industry innovation demonstration cluster". The signing of the contract is conducive to complementing each other's resources and building a model of cooperation between central enterprises and local governments, so as to achieve common development and mutual benefit.

According to the situation provided by Vietnam cotton yarn Association, Vietnam imported 141 thousand and 200 tons of cotton in April this year, a decrease of 12% in the ring ratio and 535 thousand and 800 tons in 1-4 months, an increase of 2.7% over the same period last year. In April this year, Vietnam's yarn exports decreased by 40% in the US $210 million and 1-4 US dollars in exports, down 15.4% from the same period last year. In April, the export volume of textiles and clothing was US $2 billion 320 million, a decrease of 19.8% compared to the same period, a decrease of 20.5% over the same period last year. In 1-4 months, Vietnam's textile and clothing exports amounted to US $10 billion 860 million, a decrease of 6.6% over the same period last year. Specifically, Vietnam exported 1-4 tons of fiber and yarn in 526 thousand months, down 1.1% from the same period last year, and exported 1 billion 180 million US dollars, down 11.5% from the same period last year. Clothing exports amounted to US $8 billion 930 million, down 5.8% compared with the same period last year, and the export volume of industrial fabrics was US $162 million, a decrease of 22% over the same period last year.

According to Bangladesh Daily Star May 20th, Bangladesh knitwear manufacture and export association requires 10% cash incentives for export commodities in the next 2 years. Last week, Bangladesh knitwear manufacturing and export association made a budget proposal to the Bangladesh Taxation Bureau, which required 10% cash incentives for garment manufacturers to produce export commodities using local yarn and fabric fabrics, and 4% cash incentives for export manufacturers to export garment manufacturers using imported raw materials. The vice president also urged the Bangladesh government to keep the tax rate withheld from sources for 0.25%. Many SMEs may be bankrupt due to the impact of the new crown, so the association requests the government to make plans for such enterprises in the next fiscal year budget.

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