Is The Price Short Or Close To The Lowest Point In The Year? Near The Replenishment Node, Sticky Short Will Fall?

Market brief

Zheng cotton main force once again stepped back to step 11600 after gaining support, and concussion upsurge 11800 pressure level, the main contract shorts lighten obviously, the short term pays close attention to Zheng cotton upside performance. Reserve cotton rotation officially launched, the first day of 100% turnover, market operators confidence has been boosted, cotton reserves increased cotton supply, a new impact on the sale of new cotton, cotton business has recently increased sales pressure, but the fusing mechanism makes this round of production will not cause a significant blow to cotton prices, the market for high cost performance of national cotton store high degree of concern, some downstream enterprises. There is a demand for low-grade cotton and there is a slight increase in spot cotton prices. At present, all parties in the market continue to wait and see the actual turnover. If we continue to maintain a high turnover rate, we will help cotton prices run relatively strong.

In July 1st, 8035.232 tons of resources were sold out of the cotton reserves, with a turnover of 8035.232 tons, with a turnover rate of 100%. The average transaction price is 11139 yuan / ton, and the price is 3128 yuan 12549 yuan / ton. Xinjiang cotton trade average price of 11373 yuan / ton, Xinjiang cotton discount 3128 price 12747 yuan / ton, Xinjiang cotton price increase 910 yuan / ton. The average price of real estate cotton is 10936 yuan / ton, the price of real estate cotton is 3128 yuan, 12377 yuan / ton, and the increase rate of real estate cotton is 540 yuan / ton. This week (July 1st -7 3), the selling price was 11837 yuan / ton (the standard level 3128B).

The acrylonitrile market continued to go down, and the new plant put the market mentality into negative shape, and there was no room for further growth in demand. There was excess expectation in supply, lower purchasing power in the downstream, and poor shipments of intermediaries, and the focus of the trade declined further. However, the price of propylene remained strong, and acrylonitrile manufacturers continued to maintain a high price under cost pressure, which was restricted by the intermediaries. There is not much room for reporting. The price of acrylic staple is narrow, and there is no obvious change in terminal demand. At the beginning of the month, the acrylic factory's offer was mainly stable. At present, there is no pressure on the production and sale of acrylic fiber manufacturers. Although the profit margin is limited, the price of raw acrylonitrile is down, and the market is concerned about the change of acrylonitrile.

According to the Securities Times reported, the central bank recently issued a document that it decided to reduce the reloan and discount rate from July 1st. Among them, the interest rate of supporting agriculture to refinance and supporting small and refinancing loans was reduced by 0.25 percentage points. After adjustment, the interest rates of 3 month, 6 month and 1 year support agriculture refinancing and small loans were 1.95%, 2.15% and 2.25% respectively. The discount rate is reduced by 0.25 percentage points to 2%. In addition, the central bank also lowered the refinancing interest rate of financial stability by 0.5 percentage points. After adjustment, the financial stability reloan interest rate was 1.75%, and the interest rate for financial stability refinancing (postponed period) was 3.77%.

In June 25th, the production project of melt blown fabric with annual output of 1500 tons and annual output value of about 50 million yuan was officially put into operation in Xinhe County Light Industrial Park in Akesu area. This marks an important step in improving the industrial chain of medical masks in Akesu. It is understood that the project for investment projects in 2020, since the project started construction in April 26th, construction units to rush ahead of schedule, catch up with progress, quality, technical personnel overtime construction, installation, commissioning, after 60 days of struggle, in June 25th, the first batch of production melted spray cloth positive offline. The production line can produce 4-5 tons of melted cloth per day, which can meet the production requirements of about 4000000 medical masks. It is the only enterprise in the southern Xinjiang to produce melt blown fabrics. After the completion and commissioning of the 5 production lines, the annual output value is 840 million yuan and the annual interest tax is about 32 million yuan, which can provide more than 500 jobs for the local.

Recently, Wu Haiyan International Fashion Research Institute officially opened in Keqiao creative building. It includes the trend research and development center, brand strategy and design service center, fashion talent training base, international competition and cultural exchange center, creative design concept integrated exhibition hall and other functional areas. It has the service platform for the transformation and upgrading of the global textile and garment industry; the policy implementation of the national and provincial governments, and the service platform of the production and research projects; and the education of internationally renowned expert teams. Planning and support platform; "China Textile and clothing design trend" release, global textile and clothing resources sharing platform, Zhejiang textile and clothing postdoctoral mobile station, high-end designers, business executives training platform, and other "five platforms" advantage.

In the past few days, at the construction site of the high-grade garment material production project of Shanxi Yizhou Industrial Co., Ltd. in the chhou Park of Linyi County Economic and Technological Development Zone, Yuncheng, Shanxi, the excavators and engineering vehicles were shuttling back and forth, and the machines roared continuously. Shanxi Yizhou Industrial Co., Ltd. produces an annual output of 80 million meters of high-grade garment material production project, which is a "1311" major project in Yuncheng, with a total investment of 500 million yuan. After the project is completed, it can produce 80 million meters of all kinds of top grade clothing fabrics, and realize 1 billion 200 million yuan in output value, 50 million yuan in profits, 60 million yuan in various national taxes, and 600 jobs at the same time.

In the evening of June 29th, Zhuo Lang intelligent company released the 2019 annual report. The company achieved operating income of 8 billion 575 million yuan last year, and the net profit attributable to shareholders of listed companies was 609 million yuan. According to the audit report issued by PWC, the net profit attributable to the owners of the parent company after the deduction of non recurring gains and losses in the 2017-2019 year was 2 billion 540 million yuan, exceeding the performance commitment of 2 billion 352 million yuan, and the completion rate of the performance commitment was 107.85%. At this point, Zhuo Lang's intelligence exceeded 2017, 2018 and 2019's performance commitments for three years. Even in the face of industry challenges, CHO Lang intelligence has grown in China and other emerging market countries in 2019. Among them, in the largest market of the group, China increased its business revenue by 17%. In Brazil, Vietnam and Pakistan, it also gained 34.4%, 39.79% and 66.68% growth. The company has been increasing its income in the Vietnamese market for three consecutive years. The company plans to further promote the adjustment and integration of the industrial layout. The core strategy is to stabilize the research and development of high-end business entities and the positioning of high-end products, while accelerating the implementation of the strategy of transferring production layout to Asia.

Pakistan's "forum express" reported on June 30th that the new crown pneumonia epidemic brought heavy blow to Pakistan textile industry. As a result of declining international demand and domestic economic blockade measures, the Palestinian textile industry lost 8 billion rupees and lost 1 billion 600 million rupees. In order to restore the vitality of the textile industry and boost the export of textile industry, the government has recently formulated special policies to encourage the textile industry to expand the production and export of medical materials such as masks and protective clothing. The chairman of the Pakistan Textile Association said that textile enterprises will pay more attention to the demand for commodities in the field of health and health in the future. They can not only attract relevant products from the United States, Europe and other countries in Pakistan, but also promote the development of Pakistan textile industry and promote diversification of Palestinian exports.

On June 29th, the official website of the US Commerce Department issued a statement saying that the special treatment related to Hongkong had been cancelled, including the suspension of export licence exemption and the differential treatment assessment. The statement pointed out that with the adoption of new security measures in Hongkong, the sensitive technology of the United States will be transferred to the PLA or the Ministry of national security, and the United States refuses to take the risk. Therefore, it decides to cancel the special status of Hongkong.

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