The 300 Thousand Ring Spinning Project With A Total Investment Of 1 Billion 320 Million Yuan Has Been Launched.

I. market quotation

　　 1 domestic cotton prices fell slightly

Last week, Zheng cotton futures weak shocks, downstream cotton demand or down, cotton prices showed a high before and after low, the trend of a downward trend, cotton spot slightly lower price. The national cotton price B index, representing mainland standard grade lint sales, was 11807, down 93 yuan / ton compared with May 22nd, a decrease of 0.78%, and the settlement price of Zhengzhou cotton futures contract was 11520 yuan / ton, down 175 yuan / ton compared with May 22nd, or 1.50%.

2 international cotton prices fell sharply

Last week, Intercontinental Exchange (ICE) cotton futures fell to its lowest level in nearly three weeks, and market investors worried that tensions between China and the United States might prevent China from importing cotton from the United States. The US Department of agriculture's export sales report released on Friday showed that in the week of May 21st, the US 2019/2020 export volume of mainland cotton increased by 44 thousand and 600 packs, 65% less than the previous week, and 85% lower than that of the previous four weeks. The international cotton index (M), which represents the average price of China's main port on the import cotton, is priced at 66.26 cents / pound. The price of RMB converted to RMB 1% yuan is 11522 yuan / ton, down 292 yuan / ton from May 22nd, or 2.47%.

3 polyester staple high down

Last week, although most staple staple fiber prices were maintained, negotiations continued to magnify, showing a downward trend. The trading atmosphere was significantly weakened and production and marketing performance was sluggish. The mainstream price of 1.4D in Jiangsu and Zhejiang polyester staple was quoted at 5900-6100 yuan / ton, and it was negotiated at about 5650-5800 yuan per ton. The price of Fujian polyester staple fiber keeps stable, and the trading atmosphere is relatively general. 1.4D offers 6100 yuan / ton short distance to deliver, solid negotiation or 5800-5900 yuan / ton. In May 29th, the polyester staple price index closed at 5720 yuan / ton, down 160 yuan / ton compared with May 22nd, a decrease of 2.72%.

4 viscose staple prices continue to stabilize

Viscose staple fiber market is not very dynamic, the chemical fiber factory is up to a price, but buy gas to maintain flat, downstream cotton mill start rate is not high, users hold more wait-and-see mentality, the viscose factory is waiting for a new round of stocking cycle. At present, the price of the middle end viscose staple fiber is 8800-8900 yuan / ton, and the high-end viscose staple fiber factory says that the execution of the transaction is not less than 9600 yuan / ton. Viscose staple fiber price index for May 29th was reported at 8800 yuan / ton, unchanged from May 22nd.

5 domestic yarn stabilizes, outer yarn decreases narrowing.

Last week, the domestic yarn varieties were all down, polyester yarn continued to rise slightly, the improvement of the downstream fabric orders was not obvious, and the existing orders were mostly located in the low price range. The price of the combed 32S pure cotton yarn market is 18700-19500 yuan / ton, the price is in line with the previous stage; the price of 30S cotton yarn is stable, the index has been collected at 12300 yuan / ton, and the price of the 32S polyester yarn is 9880~10000 yuan / ton, up 50 yuan / ton. International cotton yarn prices narrowed, India and Vietnam 32S cotton yarn import costs fell by 45 yuan / ton, 43 yuan / ton, conventional yarn is lower than domestic yarn 726 yuan / ton.

Two, economy and industry operation

From 11 to April, profits of Industrial Enterprises above Designated Size dropped by 27.4%.

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, in 41 industrial sectors, the total profits of 5 industries increased year by year, and 36 industries decreased. The profit of the main industries is as follows: the total profit of the tobacco industry increased by 22.6% compared with the same period last year, the growth of the agricultural and sideline products processing industry increased by 20%, the computer, telecommunications and other electronic equipment manufacturing industry increased by 15%, the ferrous metal smelting and rolling processing industry decreased by 60.4%, the oil and natural gas extraction industry dropped by 56.4%, the automobile manufacturing industry decreased by 52.1%, and the chemical raw materials and chemical products manufacturing industry decreased by 48%. The non-ferrous metal smelting and calendering processing industry dropped by 40.3%, the coal mining and washing industry dropped by 27%, the electricity and heat production and supply industry dropped by 27%, the electrical machinery and equipment manufacturing industry dropped by 22.9%, the textile industry decreased by 19.8%, the non-metallic mineral products industry dropped 19.7%, the general equipment manufacturing industry decreased by 17.6%, the special equipment manufacturing industry dropped by 3.1%, and the petroleum, coal and other fuel processing industries were reduced. From the same period profits to losses.

25 China Manufacturing Purchasing Managers Index (PMI) 50.6%

In May, China's Manufacturing Purchasing Managers Index (PMI) was 50.6%, down 0.2 percentage points from last month.

According to the classification index, production index, new order index and supplier delivery time index are all higher than the critical point in the 5 classification indices of manufacturing PMI. Raw material inventory index and employment index are all below the critical point. The production index was 53.2%, although it dropped 0.5 percentage points from last month, but it was higher than the critical point, indicating that manufacturing industry continued to improve. The new order index was 50.9%, up 0.7 percentage points from last month, indicating that the manufacturing market demand increased. The stock index of raw materials was 47.3%, down 0.9 percentage points from last month, indicating that the main raw material inventory of the manufacturing industry was reduced. It was 49.4%, down 0.8 percentage points from last month, indicating that manufacturing enterprises were less motivated than the previous month. The supplier delivery time index was 50.5%, an increase of 0.4 percentage points from last month, indicating that the delivery time of manufacturing materials suppliers has accelerated.

3 Heze, Shandong: the textile market is sluggish and its operating rate is around 50%.

According to the national cotton monitoring system, the overall running rate of Heze local ginning and spinning mills is around 50%, and the textile market is still weak.

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.

44 cotton exports in India are expected to decrease by 80-90% compared with the same period last year.

Cotton prices continued to decline in recent weeks, and cotton prices continued to weaken in India. Garment exports in April decreased by 91% over the same period, and the yarn export is expected to decline by 80-90%. When the price of cotton yarn in India fell, the prices of other yarns were stable, and the quotations from all sides began to stabilize. It is understood that in March and April, India cotton yarn output dropped significantly. India CAI lowered its cotton consumption by 50 thousand packs (170 kg / pack) in March, down 200 thousand packs in April, and 130 thousand consumption in May. Up to now, the start-up rate of India cotton mill has gradually picked up. In the current fiscal year (April 2020 -2021 March), cotton consumption is expected to decrease by 510 thousand, or 15%. According to the survey of India's industry organizations, the export of India's cotton yarn in April is expected to decrease by 80-90% compared with the same period, and the actual export volume in the current fiscal year is expected to decrease by 35-40%. India Clothing Export Association statistics show that in April, the export volume of clothing in India decreased by 91% compared with the same period in the US dollar.

5 last week, the total export volume of us upland cotton increased by a total of 216 thousand and 500 packages.

On May 29th, the US Department of agriculture (USDA) released its export sales report on Friday. In the week of May 21st, the US 2019/2020 export volume of mainland cotton increased by 44 thousand and 600 packs, a decrease of 65% compared with the previous week, 85% less than that of the previous four weeks. During the week, the US 2020/2021 export volume of mainland cotton increased by 171 thousand and 900 packages. The shipment of 267 thousand and 400 tons of land cotton exports increased by 6% compared with the previous week, but fell by 4% compared with the previous four weeks.

During the week, the US 2019/2020 sold 111 thousand new cotton bags. The US 2020/2021 sold 176 thousand and 200 new cotton in the year.

Three. Industry policies and trends

1 Pakistan's investigation of new anti-dumping measures against Chinese polyester filament yarn initiated by new exporters

In February 21, 2020, the Pakistan National Customs Committee issued announcement No. 46/2016/NTC/PFY/NR/2020 that it should be a Chinese manufacturer / exporter, Suzhou, such as Suzhou Sheng Sheng chemical fibre Co., Ltd. (46/2016/NTC/PFY/NR/2020). Ltd submitted an application in January 27, 2020 to investigate the new exporter of anti-dumping on imported polyester filament yarn (PolyesterFilamentYarn) imported from China and Malaysia. Products involved include polyester textured yarn (tax code: 5402.3300), full stretch wire (tax code: 5402.4700), multi ply yarn (tax number: 5402.6200), excluding colored polyester filament yarn. The investigation period is from January 1, 2019 to December 31, 2019. During the investigation, the enterprises involved should pay 11.35% cash margin at cost plus freight (C&F). The investigation agency is expected to make a final review within 6-12 months of filing the announcement.

2 Turkey's anti-dumping review of man-made and synthetic staple yarns and sewing thread in China is final.

In May 22, 2020, the Ministry of trade of Turkey issued the Announcement No. 2020/8, which made an anti-dumping review on the synthetic and synthetic short fiber yarns and sewing thread originating in China, Indonesia, India, Malaysia, Pakistan, Thailand and Vietnam, and decided to continue to impose anti-dumping duties on the enterprises involved in the above-mentioned countries, as follows: Chinese enterprises NantongA- ZTextileCo., Ltd. is US $0.49 / kg, other Chinese enterprises are US $0.80 / kg; India enterprises are 0.29-0.39 US dollars / kg; Indonesia enterprises are 0.23-0.40 USD / kg; Malaysia enterprises are 11.26-18.32%; Pakistan enterprises are 6.62-12.18%; Thailand enterprises are 7.79-20.24%; Vietnam enterprises are 19.48-26.25%. The Turkey tax code for products involved is 55.08 and 55.09 (5509.52, 5509.61, 5509.91), 55.10 (except 5510.20), 55.11.

3, 1 billion 320 million yuan, the 300 thousand ring spinning project of Lihua group started.

In May 25th, the founding ceremony of the 300 thousand ring spinning project of the textile board of Lihua group was held in Xinjiang's Sha Ya county.

The total land area of the 300 thousand ring spinning project is 467.3 mu, with a total construction area of more than 150 thousand square meters and a planned investment of over 1 billion yuan. After the implementation of the project, the annual production capacity of medium and high grade pure cotton combed compact yarn and cotton top combed yarn will be more than 5 tons. The total spinning volume of Lihua group will exceed 800 thousand spindles, with a total investment of more than 3 billion yuan, which can produce more than 120 thousand tons of cotton yarn per year, and can solve more than 3400 jobs for local people.

4 China International Group launched the printing and dyeing, printing and home textile digital production line in Xiangyang, Hubei.

The May 28th Annual General Meeting of Limited by Share Ltd of China Group (hereinafter referred to as "China Group"), which was held in May 28th, adopted the motion on changing the use of some fund-raising funds for the relocation of 3542 companies to build functional fabrics and home textile products items.

The project has 206 acres of new land, focusing on functional fabrics and special home textiles, integrating market, technology and brand resources, and establishing a whole industry chain, intelligent and innovative platform enterprise integrating textile, printing and dyeing, home textile industry and technical services.

The project will have an annual production of 60 million meters of dyeing and finishing fabrics, 18 million meters of household textile fabrics and 2 million sets of home textile products. The sales revenue is expected to be 1 billion 236 million yuan / year, with a total profit of 31 million 680 thousand yuan / year. After all, the financial internal rate of return after tax is 12.65%, and about 8.87 years (including construction period) can be recovered.

Four, May production reduction in place

Oil prices continue upward

　　 In the near future, the overall trend of oil prices has maintained a trend of upward trend. The supply side of the oil market has been relatively positive, and the reduction in production in OPEC+5 is better. Saudi Arabia has proposed to keep the production of 9 million 700 thousand barrels per day until the end of this year. This proposal may be discussed at the OPEC semi annual meeting next week. The key point lies in Russia. If Russia does not agree, the scale of production reduction in July will decline, which is not conducive to the rapid balance of supply and demand. If Russia agrees, oil prices will form a new round of support. The demand side is still uncertain, because the recovery of the epidemic is slower than market expectations. In addition, the oil market also needs to pay attention to the impact of all kinds of risk events on the market, such as the impact of Sino US confrontation intensified on market risk sentiment.

Five, the United States to re sacrifice entity list

RMB Fluctuation widening

　　 Last week, the RMB exchange rate as a whole was on the decline. The 7.13535 recorded on Friday fell 0.53% from last week. Recently, the US released a strategic report on China and strengthened the restrictions on HUAWEI's use of us semiconductor technology. The US Department of Commerce has placed 3 Chinese enterprises and institutions in the "entity list", which restricts exports, imports and re exports. It has interfered in China's internal affairs on issues such as Taiwan and Hongkong, especially the introduction of the national security law in the port area, which has intensified the contradictions between the two sides. These problems have pushed Sino US relations to the cusp of the storm, and the RMB exchange rate has fluctuated greatly, which also reflects the aggravation of the RMB exchange rate panic. In the short term, although the domestic economy is recovering rapidly and the interest rate spreads between the US and China will provide support for the RMB, but risk events are frequent. Actions and comments from all sides will affect the trend of exchange rate. It is expected that the fluctuation of RMB exchange rate will continue to be volatile and biased.