In The Complex Off-Season, The Cotton Mill Will Still Limit Production And Reduce Production, And The Demand Will Be Reduced. How Much Should It Be Short?

Market brief

Zheng cotton fell back to 11800 after the shock again fell, the main contract short added positions, Zheng cotton first target position is still around 11500, and the Dragon Boat Festival is approaching, Zheng cotton will usher in the pre holiday protection, it is recommended that funds avoid risks. Zheng cotton weak operation, cotton mill purchasing enthusiasm is still available, spot cotton purchase and sale continue to be active, but cotton yarn orders are still insufficient, cotton mill on raw material procurement is still rigid demand, and the traditional Dragon Boat Festival holiday is coming, cotton futures and spot market operation is more cautious, risk aversion is strong, cotton spot quotation steady down, the market wait-and-see atmosphere is strong, import cotton business well. The signs are not obvious. The short-term demand for commodities is much more difficult to sustain. In addition, speculation and speculation are added to the market. It is expected that the short-term cotton prices will continue to run weak. We will pay attention to changes in demand and guidelines on the policy of national cotton reserves.

The price of acrylonitrile has been arranged sideways. The mainstream factory has reached a monthly price of 8700 yuan / ton, and the settlement price of manufacturers is relatively high, and the market atmosphere is generally high. With the news of Zhejiang Petrochemical's operation becoming clearer, the market's bearish mentality has not diminished, the intermediate business quotation is still low, the purchase of the intermediate business is still low, the buying of the lower reaches is cautious, and the market discussion center is at a low end, but under the condition of low inventory and low profit, the acrylonitrile plant still has It is expected that the price of short-term acrylonitrile market will remain narrow. Acrylonitrile staple fiber price transverse finishing, raw material acrylonitrile high price monthly knot, acrylic fiber cost pressure is obvious, short line acrylic fiber factory production and marketing is stable, this month orders increase and stock no pressure, manufacturers very price intention is obvious, but the downstream demand of acrylic fiber has no substantial improvement, terminal textile export orders have not yet resumed, short term acrylic fiber price is expected to narrow oscillation, pay attention to manufacturers' settlement news guide. 。

02678-HK announced that, based on the preliminary assessment of the unaudited consolidated management accounts for the five months ended May 31, 2020 and the information available to the board, the Group expects to record its performance in the balance of payments in the six months ended June 30, 2020, compared with the net profit of the group for the six months ended June 30, 2019, which is about 486 million 300 thousand yuan (RMB). The group's performance has gone backwards. The board estimates that the turnover will decrease from 20% to 30% during the current period compared with the same period in 2019. In addition, the group's liquidity is still abundant. The board estimates that the cash and cash equivalents of the group will be no less than 3 billion yuan in June 30, 2020.

Recently, according to the industry standard issued by the Ministry of industry and information technology, the revised plan was made by the Ministry of industry of the Chinese Federation of textile industry, the "green design product evaluation technical specification knitted apparel", "green design product evaluation technical specification" cashmere products, "green design product evaluation technical specification, worsted product", "green design product evaluation technical specification polyester". 6 green manufacturing industry standards have been drafted, including "Dacron", "green design product evaluation technology specification renewable polyester", "green design product evaluation technical specification color spinning", ready to enter the stage of soliciting comments.

On the 22 day, Jiangsu province textile industry industrial workers team reform pilot work promotion will be held in Nantong, Nantong is the province's industrial workers team reform pilot city. As a key industry in the construction and reform of industrial workers' ranks, this year, the textile industry regards production and transformation as an important part of the building of the party building group and the regiment together, and formulating a number of measures to promote the reform of the construction of industrial workers in Nantong's textile industry, mainly including the deepening of the party building and construction mechanism in textile enterprises, and the promotion of the establishment of blue collar technical personnel fund. Set up the textile industry workers "smart Blue Award" and other 10 measures. At the meeting, the pilot enterprises on the construction of the industrial workers' team in the textile industry of the whole province introduced their experiences and practices in promoting the reform of the construction of industrial workers.

On June 16th ~19, Sun Ruizhe, chairman of the China Textile Industry Federation, conducted a survey of 20 enterprises in the textile industrial cluster of Shengze Town, involving key enterprises in the fields of fiber, silk, knitting, printing and dyeing, coating and other fields, in-depth understanding of the advanced experience of enterprises in promoting industrial upgrading, and doing well the work of "six stability", and comprehensively completed the task of "six guarantees" to stabilize the economy. The problems and difficulties encountered by the company actively help enterprises solve problems and solve problems. As the largest production base of chemical fiber and textile fabrics in China, the level of intelligence in Shengze's textile industry has taken the lead in the whole country. The higher the industry is, the higher the level of intelligence is. For example, vortex spinning is a revolutionary technology in the spinning field. At present, the domestic vortex spinning process is less than 5% in the whole spinning field, and the development space is still large.

On the 17 day, the general office of the State Council issued the implementation opinions of the general office of the State Council on supporting export products to be sold domestically. "Opinions" pointed out that while encouraging enterprises to expand the international market, they should support marketable export products to open up the domestic market, and help foreign trade enterprises to tide over difficulties and promote the basic stability of foreign trade. The opinions put forward three measures: first, supporting export products to enter the domestic market. Two, we should support domestic sales through multiple channels. Three is to strengthen credit insurance and financial support.

A few days ago, Henan Ping cotton group successfully passed the Inditex brand social responsibility test (referred to as "Inditex inspection factory"), the level rose to B level, officially became its high-level supplier, indicating that the group and international brand business to carry out the last pass smoothly through. Inditex group is one of the world's four largest fashion chains from Spain. It owns 8 clothing retail brands such as ZARA. Inditex inspection factory mainly examines the measures and effects of suppliers in health and safety. To ensure that the factory inspection is passed once, the production technology department of the cotton group is well organized and the various departments of the company cooperate with each other to carry out a comprehensive rectification and improvement process in strict accordance with the Inditex audit requirements. In 2019, Ping cotton group approved the eco textile certification through the European anesthesia certification and the international environmental protection textile association, and won the title of the national green factory.

Yichang Xinlong health materials Co., Ltd., a wholly owned subsidiary of Xinlong holding company, was investigated and investigated by the appropriate city market supervision bureau on suspicion of raising the price during the prevention and control of the new crown pneumonia. The market supervision bureau has not yet corrected the illegal activities after the market supervision bureau has served the warning letter. The Yidu municipal market supervision bureau intends to impose administrative penalties on the penalty of nearly 72 million yuan in Xinlong material class. Xinlong material application held a hearing. The staff of the Yidu municipal market supervision bureau said that the hearing result had already come out, and what administrative punishment should be made to Xinlong Wei Cai, there will be a conclusion at the end of June.

Local time 23, WTO released the latest trade forecast, data show that the first quarter of global merchandise trade fell 3% compared to the same period, is expected to decline in the second quarter of about 18.5%. The WTO also warned that the global economic outlook for the next two years is still very uncertain. If there are adverse developments in 2021, such as the outbreak of the second wave of new crown pneumonia, or weaker economic growth and wider reliance on trade restrictions, trade expansion may be lower than previously predicted.

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