Polyester Short Continues Weak, Sticky Short Passive Expectations Hard To Change, Yarn Turnover Soft, Low Season Early And Long?

Market brief

Zheng cotton main force stepped back to step on the lower side of the 11500-11800 shock interval, and the main contract was short to add more positions, paying close attention to the performance of the main contract near the lower edge. The spot market of lint cotton is weak and stable, and there is no obvious change in the purchase and sale of spot lint. The downstream textile enterprises continue to need small purchases only. The downstream yarn enterprises reflect that although the market quotation is still available in May, the current orders are less in June, so they lack confidence in next month's market. According to the traders involved in cotton trade, they are in the late stage of 2019/20 cotton supply, and the quality of resources is uneven and low quality resources are relatively high. Many, low quality cotton picking cotton quality resources turnover is more smooth, real estate cotton is still relatively light, cotton mill seed cotton sporadic purchase, lint shipments because of the general price and mentality is not active, high inventory and demand recovery slowly, it is estimated that short-term cotton prices are still difficult to rise, and cotton prices continue to shock, attention locusts and other weather disasters and Sino US trade related news.

The acrylonitrile spot market is offering high price, the supply is limited in the short term, the cost pressure plus low inventory support, the manufacturers still have the intention to push up, and at the end of the month, the spot resources are limited, and the middlemen take the opportunity to stir up the offer. The market quotation continues to explore, while the overall turnover is limited, the zero star price is higher, and the price of acrylonitrile market will continue to be strong and volatile in the near future. Acrylic fiber price keeps horizontal finishing, raw material acrylonitrile price is strong and shock, acrylic fiber cost support is strengthened, but at the same time, the starting rate of acrylic fiber industry is also gradually improving. Besides, the start-up rate of downstream cotton mill is still not high, and the demand side lacks effective support. It is expected that the price of acrylic fiber staple will be stable in the short term.

From 1 to April, the total profit of Industrial Enterprises above Designated Size reached 1 trillion and 259 billion 790 million yuan, down 27.4% from the same period last year (calculated by comparable caliber), and the decline was narrowed by 9.3 percentage points from 1 to March. From 1 to April, the total profits of state holding enterprises in the industrial enterprises above Designated Size amounted to 304 billion 630 million yuan, down 46% from the same period last year. The total profit of the joint-stock enterprises reached 924 billion 900 million yuan, a decrease of 26.6%. The total profits of foreign invested enterprises and Hong Kong, Macao and Taiwan invested enterprises reached 312 billion 130 million yuan, a decrease of 28.8%, and private enterprises realized a total profit of 392 billion 10 million yuan, decreasing by 17.2%. Chemical raw materials and chemical products manufacturing industry dropped by 48%, and the textile industry dropped by 19.8%.

In May, the Xinjiang development and Reform Commission made an investigation and analysis of the cotton yield, production cost and income in 28 counties (districts and cities) of 10 prefectures (districts and cities), excluding Xinjiang production and Construction Corps in 2020. The survey showed that the yield per unit area, the selling price, the cost and the income increased to varying degrees. This year's spring climate is relatively suitable, and the emergence rate of cotton has increased. It is estimated that the output per mu of cotton will increase this year than that of last year. As labor and labour costs rose in 2020, cotton costs increased. In March 26, 2020, the national development and Reform Commission and the Ministry of Finance jointly issued the document "clear that the target price policy of cotton will continue to be improved in Xinjiang in 2020", which will strongly stimulate the enthusiasm of farmers in our region and further protect the cotton farmers' income. Affected by this, it is predicted that the price of cotton sale in our region will remain stable in 2020, a slight increase and an increase in revenue.

The national cotton monitoring system, the Heze monitoring station information staff, has visited the local ginning mills and spinning mills to understand that the textile market is still sluggish and the overall operating rate is around 50%. It is understood that some of the textile enterprises because of the large inventory of cotton yarn, a large amount of capital, had to stop work and leave, waiting for the completion of the sale of cotton yarn after the completion of the work; and some textile enterprises to ensure that the payment of electricity charges and the normal wages of workers under the premise of a modest start, mainly to stabilize customers and staff sentiment. The price of local cotton yarn is sold on the market.

Ruyi group released its 2019 annual report, with revenue of 1 billion 150 million, down 13.39% compared to the same period last year, net profit of 48 million 169 thousand and 500 yuan, a decrease of 51.35% compared with the same period last year, and a basic earnings per share of 0.18 yuan.

Recently, we entered the production workshop of the Guizhou Asia green textile printing and demonstration factory in Liupanshui high tech Zone, Guizhou. What we saw was the colorful dyeing and finishing products. With the operation of the intelligent low carbon dyeing and finishing equipment in the workshop, a grey cloth was dyed with brilliant colors. It is understood that the Guizhou Asian green textile printing and dyeing demonstration plant has a total construction area of 18138.72 square meters and a total investment of 180 million yuan, including R & D center, circular machine shop, intelligent low carbon dyeing and finishing workshop, intelligent storage workshop, finishing workshop and so on. Among them, the production line of 4 YS-N1 intelligent dyeing and finishing equipment constructed by intelligent low carbon dyeing and finishing workshop can reach 12 thousand tons per year after delivery. According to the person in charge of the plant, in the aspect of water saving, the factory once again recycled the waste water produced by oxidation and flocculation treatment, and the impurity filtered out was transformed into heat energy by burning at 4000-8000 degree high temperature plasma. In addition, the dyeing and finishing technology of the plant is the first in China and has reached the international advanced level.

At 15:30 on May 26th, a central European (Asian) class, loaded with industry, textile machinery, photovoltaic products and electronic products, slowly pulled out of Jiangsu Haian logistics base and headed for Hanoi, Vietnam's capital. This is the first international freight train in the Yangtze River Delta region. It is reported that the central Europe (Asia) class train carrying 70 standard containers will be exported through Pingxiang Railway Station in Guangxi, China. The whole running time is expected to be 5 days, which is 8 days longer than the previous whole process of shipment to Vietnam and Da Nang, and the operation age has been greatly improved.

Recently, at the first textile and garment supply chain meeting in Haishu District, Ningbo, nearly 30 enterprises and brands in the textile and garment industry chain carried out a face-to-face "blind date meeting". Sun Shuqin, the head of a clothing company in Ningbo, warmly introduced the characteristics and advantages of his own enterprises to the textile and garment enterprises in the region, and soon attracted many "objects" to add contact ways. The textile and garment industry in Haishu has been developed. Currently, there are more than 1700 enterprises involved in the textile and garment industry, of which 132 are industrial enterprises. In 2019, the output value of the textile industry was over 20 billion yuan, and the number of job creation Posts exceeded 40 thousand. The textile and garment industry played an important role in the development of Haishu's manufacturing industry.

Pakistan's textile exports increased by 4.24% in the first three quarters of this fiscal year compared with the same period last year, the Bureau of statistics of Pakistan reported last Friday. In the 20 fiscal year from July to March, the country's textile exports amounted to US $104 billion 129 million 390 thousand, while exports amounted to US $9 billion 989 million 457 thousand in the 19 fiscal year July to March. The growth promoting textile products, including knitted garments, jumped from last year's 21.4545.2 billion dollars to US $22 billion 298 million 690 thousand in the current fiscal year, an increase of 6.74%. During this period, clothing exports increased by 11%, from $1 billion 955 million 778 thousand to $2 trillion and 170 billion 517 million, while pajamas exports increased by 2.45%, from $1 trillion and 719 billion 376 million to 1 trillion and 761 billion 552 million US dollars. Raw cotton exports increased by 8.19%, from $15 million 719 thousand to US $17 million 7 thousand; towel business increased by 0.58%, from 588 million 100 thousand US dollars to US $5.9152.7; exports of tents, canvas and tarpaulin increased by 8.77%, from 68 million 277 thousand US dollars to 72 million 216 thousand US dollars.

Market curve