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    Tight Delivery, Acrylic Staple Prices Rise; Polyester Short Sticky Short Disadvantage Does Not Change, Yarn Business Losses Can Be Avoided?

    2020/6/18 11:46:00 2

    Market Quotation

    Market brief

    Zheng cotton main shock callback to 11700 near the rebound to over 11800, the main contract shorts slightly reduced, in the short term, Zheng cotton is still in the 11400-12000 shock interval, the market wait-and-see atmosphere, cotton spot market trading atmosphere continues to be light, downstream point price procurement is still insufficient, the market is interlaced, and cotton will continue to supply broad pine for a long time. Bureau, off-season, downstream yarn reflects the current product shipments are sluggish, enterprises limit production, stop production, finished product storage phenomenon continues, for the market outlook is more pessimistic, cotton demand continues to be weak, the market substantial good is still insufficient, short term cotton prices are still difficult to have the trend of market, continue to range shocks, pay attention to the development of the epidemic situation and peripheral information guidelines.

    The price of acrylonitrile is on the side of the factory, and the factory is close to the month. Merchants are mainly trading with the market, and the market turnover is limited. There are still lower quotations in the market. The main source of goods is low price imports and early inventory. Currently, the downstream demand is relatively stable. The market has a higher pre production period for the manufacturers, and the downstream purchase is not enough. In the short term, acrylonitrile prices are expected to increase temporarily. Acrylic staple fiber prices rose slightly, the price of raw materials acrylonitrile continued to be strong, acrylic fiber cost support is obvious, the market trading center of narrow shocks, the recent part of the factory sales rhythm is acceptable, the industry capacity running rate is relatively normal, some manufacturers are tight delivery, short term acrylic fiber prices are relatively strong.

    Fruray shares (002083) 17 evening announcement, the company's controlling shareholder, fruray holdings and Gaomi Huarong Industrial Development Co., Ltd. (Huarong Industrial) signed the agreement on transfer of shares with effective conditions, and controlled by 170 million shares (18.72% of the total capital stock) transferred by the company to the Huarong industry, the transfer price was 7.5 yuan / share, and the total price was 1 billion 275 million yuan. After the completion of the transfer of shares, the company will hold 4.96% stake in the company and 18.72% stake in Huarong industry. The controlling shareholder of the company will be changed to Huarong industry, and the actual controller will be changed into the Gaomi City state asset operation center.

    According to feedback from Korla, Akesu, Urumqi and other regulatory authorities and cotton related enterprises, the number of outbound trucks and roads in the middle of June has declined significantly compared with the previous weeks. Especially in southern Xinjiang, the quality of "double 29/ double 30" and other high quality cotton declined significantly, with warehouses indicating a drop of more than 30% a week. According to investigation, since June, Xinjiang cotton road has been transported to Henan, Shandong, Jiangsu, Hubei, Hebei and other places in a row. Among them, Henan textile enterprises and traders prefer the cotton picking machine in the southern Xinjiang (low impurity content) and 3128/3129 grade (27-28cN/tex). Xinjiang cotton's "public transport" is more prominent, so the phenomenon of "car and other cotton" is becoming more and more common. Transportation companies and return vehicles have certain bargaining space. The market believes that with the arrival of domestic orders in the 7 and August off-season, the slow return of export orders, and the risk of the two outbreak of the new crown disease in China, it is very difficult for the new cotton road transportation to return to the level of May from 6 to July.

    On the afternoon of 15 th, the Fuzhou Municipal Bureau of industry and Commerce organized the "hundred thousand" and "double hundred double thousand" production and efficiency enhancement actions in 2020. On the same day, representatives from nearly 10 enterprises from Changyuan textile, Scud and Wu Steel Group, and representatives of the import and export bank, industrial bank and China Merchants Bank participated in the activities. At the scene of the activity, the representatives of the enterprises raised the difficulties and capital needs encountered in the process of resuming work and resuming production, and the bank representatives fully communicated with each other on the financing needs and interest rate requirements of the enterprises. "Thank you for building a platform for us to communicate with the banks face to face, so that we are more efficient and convenient. At present, we are applying for a technical renovation fund of about 140 million yuan to Xingye Bank.

    In June 15th, the Ministry of Commerce and the international trade and Economic Cooperation Research Institute jointly issued the report on China's foreign trade situation (spring 2020). The report reviewed the operation of China's foreign trade in the first 5 months of 2019 and 2020, and analyzed the development environment of China's foreign trade in 2020. According to the report, the uncertainty in the development of foreign trade in 2020 is increasing, and challenges and pressures have increased significantly. The risk of world recession is rising, the supply chain of industry chain is blocked, and international trade and investment are shrinking. The difficulties faced by domestic enterprises, especially small and medium sized enterprises, are highlighted. Employment pressure is increasing. The risks and challenges faced by China's foreign trade development are extremely complex and severe. At the same time, we should also see that with the gradual easing of the domestic epidemic situation, the economic production activities are gradually restored to normal, stabilizing the basic foreign trade market for the whole year, and achieving stable and qualitative improvement in foreign trade, which still has a solid foundation and strong support.

    In June 16th, at the construction site of CITIC (Anyang), an annual output of 80 thousand tons of knitted fabric industrial demonstration garden in Zhongyuan hi tech Zone, Anyang, we saw that the project was under construction. It is understood that the project covers an area of 530 mu, with a total investment of 2 billion 300 million yuan, mainly building a thermal power plant (18 MW), 1 sewage treatment plants (processing capacity of 30 thousand tons / day), 1 water treatment plants (30 thousand tons / day), 250 thousand square meters of general purpose workshop and 30 thousand square meters of office research and development building and related supporting facilities. At present, 3 sewage treatment ponds, 1 water treatment plants and 30 thousand square meters of standardized factory buildings are under construction and construction is expected to be completed and put into operation in 2020. After the completion of the project, it is estimated that the annual output value will be 4 billion 500 million yuan, and the annual tax revenue is 120 million yuan, and more than 2400 people can be employed. It can effectively promote transformation and upgrading of dyeing and finishing industry in Anyang, and realize the integration of 15 existing printing and dyeing enterprises in Anyang into 5 after entering the park as a whole. At present, Fujian's Feng Zhu group, the leading printing and dyeing industry in China, has built 30 thousand tons of dyeing plants. It can improve the chain of high-end garment industry, drive more than 80 fabric production, and fill the blank of high-end fabric production in our textile industry.

    In June 12th, the China Industrial Textiles Industry Association organized an expert group to conduct on-site inspection and demonstration on the Tianjin TEDA clean materials Co., Ltd., the application unit of China's meltblown nonwoven new material research and development base, and reviewed and discussed the declaration materials and the base construction report. Da clean has established a perfect joint research team of industry, University and research, and has a relatively perfect R & D management system and clear planning objectives. In the future, based on the deep ploughing and melting of new materials related industries, the expert group agreed that the base passed the accreditation. Tianjin TEDA clean materials Co., Ltd. now has seven melted spray production lines, equipped with dozens of post processing and finishing equipment. The main products are five kinds of products: liquid filter material, hygienic material (respirator filter), insulation material, air filter material, sound insulation material and so on. The annual output is 5000 tons.

    Recently, Livinguard, headquartered in Zug, Switzerland and its exclusive authorized enterprise in Beijing, announced that it had been scientifically tested by many authoritative institutions in Switzerland, the United States and China. The disinfection technology of textiles treated by Livinguard technology has been proved to be effective in eliminating coronavirus HCoV-229E. The new research shows that the textiles processed by Livinguard's breakthrough technology are highly protective and can kill all kinds of pathogens, including coronavirus HCoV-229E, influenza A virus H1N1, Escherichia coli, Staphylococcus aureus and so on. This special health technology has been applied to respirators and can be applied to any other textile products, so that the highest level of health and protection can be truly applied to various consumer products in many industries.

    In June 11th, the US Department of Agriculture released the global cotton supply and demand monthly report. In 2020~2021, global cotton production and consumption were down, and stocks were raised at the beginning and end of the year. This month, the world's final inventory was increased by 1 million 133 thousand and 600 tons, which is due to the global consumption reduction of over 436 thousand tons in 2019~2020 and 2020~2021, while the 202 thousand and 700 tons of inventory has been raised due to the revision of Argentina's output since 2017~2018. Global production fell by 46 thousand and 900 tons in 2020~2021, because the increase in Argentina and Tanzania was offset by reductions in Turkey, Uzbekistan and some smaller countries. Global consumption decreased in 2020~2021, of which 218 thousand tons in mainland China and 109 thousand tons in India. The end of the global inventory will be close to 228 million 900 thousand tons, will reach the highest level since 2014~2015. About US cotton data: 2019~2020 cotton mill usage decreased by 43 thousand and 600 tons to 545 thousand tons in the year. Factory usage in 2020~2021 decreased by 21 thousand and 800 tons. The end of 2019~2020 inventory was 1 million 591 thousand and 400 tons, and 2020~2021 was 1 million 744 thousand tons. Although 2020~2021 estimates that 43% of inventory consumption is slightly higher than last year, and significantly higher than the recent level, it is still lower than 55% in 2007~2008.

    Market curve

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