Reserve Cotton Rotation, Raw Materials Increased Warehouse Decline, Yarn Yield Reduction, Phased Replenishment Can Save The Market?

Market brief

Zhengmian main force down, the market information is intertwined, short-term Zheng cotton is still at the daily level of the callback channel, late pay close attention to 11600 yuan / ton Zheng cotton performance. The terminal demand is weak. At present, the textile market is still short of orders, the cotton yarn is not fast enough, the selling pressure of the fabric is even greater, the inventory continues to rise, the basic market of lint is weak, and cotton price has no basis for rising, and the news of the reserve cotton wheel is basically confirmed. But the actual quality of the cotton products with lower quality has some impact on the low grade cotton market and the impact on good quality cotton. Limited, official documents need to be announced. At present, foreign demand is still in the recovery stage, and foreign countries are in the traditional off-season. The industry's confidence is not enough, and downstream operations are continuing to follow suit. Cotton prices are hard to say. It is expected that the trend will continue in the short term, and we will pay attention to locust hazards and the development of the epidemic.

The price of acrylonitrile will continue to be sorted and sorted, and the market will be trading at the end of the month. The resistance of the market will be obvious at high prices, and the demand in the downstream areas of the circulation industry will be general. The starting rate of the acrylic fiber industry may be down again. Some of the cargo holding businesses are in a bad state of mind. The market has heard of low price offer. In July, there is no definite inspection plan for the factory, and the new production capacity is expected to be released. The supply of acrylonitrile will increase further. Acrylonitrile products will be oversupplied, and prices will also fall, but there will be limited space for cost reduction. The price of acrylic fiber staple is stable, and the demand is in the traditional off-season, especially in the general situation of export orders. It is difficult to improve the terminal demand. Suppliers are worried that the demand will not be enough to follow up and the competition for substitutes will be insufficient. Therefore, the confidence of the price will not be enough, and the traders will be cautious. In July, the cost pressure of acrylic fiber is expected to weaken.

In the evening of June 30th, the State Grain and material reserve bureau issued a notice on the delivery of cotton reserves, the time of rotation: the national statutory working days from July 1, 2020 to September 30, 2020. The number of rounds: the total amount of arrangements is about 500 thousand tons, the implementation of a balanced delivery, in principle, every work day sales of about 8 thousand tons. Price of rotation. The bottom price of listed selling is determined dynamically according to the market conditions. It is linked to the spot price of cotton at home and abroad in principle. The cotton spot price index in the domestic market and the spot price index in the international market are determined by 50% weight, adjusted once a week. When the cotton spot price index in the domestic market is below 11500 yuan / ton during the turn out, the transaction will be suspended from the next working day. When the cotton spot price index in the domestic market exceeds three yuan per ton for three consecutive working days, the transaction will resume on the next working day.

On the morning of June 29th, the Anhui provincial science and technology award conference was held, and the decision on Anhui's science and technology award was issued at the 2019 session. The achievement of "multiple spinning and spinning technology and its application" jointly awarded by Anhui Huamao textile Limited by Share Ltd and Wuhan Textile University was awarded the first prize of Anhui provincial science and technology progress award. The results include: Ni Junlong, Xu Weilin, Yang Shengming and other enterprises and colleges and universities.

Zhejiang Fu run announcement, according to the strategic plan of "gradually stripping traditional assets and gradually clearing the main line of industry", concentrates on resources to develop new businesses for the purpose of concentrating resources. The company intends to transfer the 46% stake of Zhejiang holding and dyeing Co., Ltd., which is owned by the controlling subsidiary, by the way of public listing, and the 51% share of Zhejiang Fu run textile Co., Ltd., the first public listing transfer price is not less than 359 million 626 thousand and 600 yuan. Assuming that the public listing is transferred at the base price, the investment income is estimated to be 128 million 882 thousand and 900 yuan. After the public listing is completed, the company will no longer hold the shares of Fu run printing and dyeing, and rich textile.

Xinye textile (002087.SZ) announced that recently, the company received the Xinye Provincial Finance Bureau transferred to the Henan Provincial People's Government of the state assets supervision and Administration Commission issued the "provincial government SASAC on Henan Xinye textile Limited by Share Ltd public issuance of Switching Company bonds approved" (Yuguo property rights [2020]28), the provincial government SASAC agreed that Xinye textile through the securities market. Public offering can be Switching Company bonds, the total amount of raised funds not more than 1 billion 600 million yuan (inclusive), for the Akesu new hair cotton industry limited liability company 165 thousand spindles high-end spinning and other projects and supplementary working capital.

In June 29th, the national key network media interview group came to Ganzhou Yudu county to interview. As one of the key industries in Ganzhou, textile and garment industry has made remarkable progress. In 2019, the output value of the whole industry chain of the textile and garment industry reached 75 billion yuan. In recent years, Ganzhou has focused on the goal of building hundreds of billions of textile and garment industrial clusters, and promoted the formation of a textile and garment industry belt focusing on Yudu, Ningdu, Shicheng, Ruijin and Xingguo. In 2019, the output value of the whole industry chain of the city's textile and garment industry reached 75 billion yuan, and the textile and garment enterprises above Designated Size amounted to 251. The textile and garment enterprises have achieved 24 billion 522 million yuan in revenue and 1 billion 241 million yuan in profits. At the same time, Yudu county has been selected as the "famous brand clothing manufacturing city in China" and the "three products" strategic demonstration pilot county of Jiangxi provincial consumer goods industry.

Recently, the Shandong Provincial Office of industry and Commerce announced the list of enterprises to be identified as the new mode of Shandong textile and garment industry, of which 13 enterprises were listed on the list. These 13 enterprises are: Haier digital technology (Qingdao) Co., Ltd. COSMOPlat textile and garment industry internet platform, Qingdao cool special intelligence Limited by Share Ltd C2M mass customization supply chain direct selling platform, Qingdao Hongda Textile Machinery Co., Ltd. remote Yun Yun platform, Hongfang textile culture Co., Ltd. IP Internet platform, Qingdao cloud clothing feather clothing association Technology Co., Ltd. based on RFID Technology & light energy antibacterial technology, a new model of Yilin ecology, Shandong New Material Co., Ltd., Limited by Share Ltd, multi species intelligent spinning intelligent factory, Yantai Song Hesong intelligent Polytron Technologies Inc intelligent jacquard weaving industry internet platform, Jining DAAI Garment Co., Ltd. new marketing mode of C2B2S2C supply chain, Shandong Kangping Na Group Co., cheese dyeing intelligent sharing The new mode of factory, Shandong Huaxing Textile Group Co., Ltd. Huaxing small and micro reconstruction mode, di Shang Group Co., Ltd. garment design collaborative manufacturing cloud service mode, Weihai Lian Qiao International Cooperation Group Co., Ltd. national sweater yarn resource sharing platform, Dezhou Hengfeng group development community mode.

Recently, the China Textile Federation held the 2020-2021 annual textile industry to focus on cultivating the appraisal committee of listed companies. According to the introduction, this year's assessment is divided into three stages. First, according to the requirements of the SFC for listed companies, the rigid index is graded according to the market sector, and then the professional score is made by professional associations of China Spinning Association. Finally, the members of the expert group are graded. After the review and summary, a recommended list is submitted to the relevant ministries and agencies of the national development and Reform Commission, the Ministry of industry and commerce, the China Securities Regulatory Commission, the Shanghai Stock Exchange and the Shenzhen Stock Exchange. According to introducing, the appraisal enterprise involves cotton spinning, chemical fiber, textile machinery, printing and dyeing, clothing, industrial use, circulation, knitting, hemp spinning and other professional fields, and the final recommendation results will be announced in July. Cotton spinning enterprises that have declared or have the intention to go public can be actively concerned.

In 2020 1-4, the European Union imported 22 billion 578 million US dollars of textiles, down 14.5% from the same period last year, and imported garments 45 billion 251 million US dollars, down 27.9% from the same period last year. Because the European Union imported some of the anti epidemic textiles, the decline of clothing was far higher than that of textiles. From 2009 to 2019, China's textile imports increased from 11.7% to 17.2% in the EU, while the proportion of clothing imports dropped from 29.8% to 20.2%. It shows that the competitiveness of China's textile exports is improving while the export competitiveness of clothing is declining. From the perspective of the EU's major textile importers, China's position is relatively stable, and the proportion of imports is also rising. The countries behind it are Germany, Turkey and Italy. From the perspective of the EU's main clothing importing countries, China's imports have fallen steadily, from the highest to over 30%, to 20.15% in 2019, down by 1/3. Bangladesh was ranked second, and imports increased from 5.12% in 2008 to 13.06% in 2019, which has increased to more than 2 times.

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