All The Transactions Have Been Completed Continuously. The Cotton Price Has Gone Up But The Turnover Has Weakened. Stick Short And Resist.

Market brief

Zheng cotton main shock increased, the State Cotton store traded well, the market trading atmosphere warming, short-term targets concerned about the performance of 12000 yuan / ton. The price of cotton lint is on the warmer side, but the cotton reserves continue to work well, increasing the pressure of domestic cotton supply, weakening the purchase and sale of spot lint, and weakening the demand for downstream textiles. The short-term demand is still relatively dim. Because of the rising price of zhengmian futures, the center of gravity of a large number of Xinjiang base price prices has shifted upward. At present, Xinjiang cotton trading is dominated by medium and top quality resources. Some trading companies hold more warehouse receipts than Xinjiang cotton. The turnover is not much. The downstream demand has not improved. The effective supply of cotton reserves has increased. It is estimated that the cotton price will continue to rise with limited space, and there will be a risk of falling down in the short term.

In July 2nd, 8036.469 tons of resources were sold out of the cotton reserves, with a turnover of 8036.469 tons, with a turnover rate of 100%. The average transaction price was 11372 yuan / ton, up 233 yuan / ton compared with the previous day, and the price of 3128 yuan was 12769 yuan / ton, up 220 yuan / ton compared with the previous day. Xinjiang cotton traded average price of 11572 yuan / ton, 199 yuan / ton higher than the previous day, Xinjiang cotton 3128 discount price of 12979 yuan / ton, compared with the previous day rose 232 yuan / ton, Xinjiang cotton price increase 1142 yuan / ton. The average price of real estate cotton is 11151 yuan / ton, up 215 yuan / ton compared with the previous day, and the price of real estate cotton is 3128 yuan, 12536 yuan / ton, up 159 yuan / ton compared with the previous day, and the price range of real estate cotton is 699 yuan / ton.

The price of acrylonitrile market is weak and stable, and there is no room for further growth in the traditional off-season, and Zhejiang Petrochemical has been successfully put into operation, and its products will all be exported. Under the expected growth of supply, the market will see that the air is strong, and the spot market has already weakened, and the spot market quotation has gradually dropped. It is still relatively strong, and the middlemen are shipped out with the market. It is expected that acrylonitrile will be weakly stabilized in the near future. Acrylonitrile staple fiber has been adjusted for a long time. The price of raw materials and acrylonitrile has gradually dropped, and the cost of acrylic fiber has been relieved. Meanwhile, the downstream cotton mills still have the anticipation of starting domestic sales, and the enthusiasm of purchasing raw materials is acceptable. At present, the production and sales performance of acrylonitrile producers is good, and there is no pressure on inventory. However, there is no obvious improvement in terminal demand, and the industry is still worried about the demand for the latter, and the price of acrylic fiber is expected. The probability of stability is large, and we should pay attention to the guidance of new materials.

In June 24th, Shandong Jinrun Jia plant dyeing technology Co., Ltd., an annual production of 1500 tons of plant dyeing fiber project, was officially completed, and the first production was 10 tons of dyeing orders. The production has laid the foundation for further improving the chain of plant dyeing industry, promoting the supply side reform of textile products, promoting consumption upgrading with green ecological products, meeting the increasing demands of consumers for safe and healthy quality of life, and enhancing the ability to fight against market risks. The plant dyeing fiber project is located in B District of Hengfeng Industrial Park, with a total investment of 110 million yuan, which mainly deals with new dyeing technology and technology. The project will be constructed in two phases. After the completion of the project, it is estimated that the annual output of plant dyed fiber will be 3000 tons, and the sales revenue will reach 240 million yuan. Next, the company will improve the PDS standard for plant dyeing, cooperate with Shandong Hengfeng plant dyeing industrial production technology research institute and other colleges and universities, and further develop the patented technology of plant dyeing to ensure the leading position in international technology. The project plans to complete the construction of dye extraction line in 2021, add 10 thousand mu of new planting base, and complete the construction of 10 thousand tons production line in 2025.

Since the beginning of the year, the Jilin chemical fiber group has met with difficulties, accurately judged the situation, actively optimized the industrial structure, adjusted the product layout, seized the key links, enlarged the resource advantages, accelerated the development of new technologies, developed new products, and laid a solid foundation for the company to expand its territory and expand its market. They strive to promote the three phase of the ten spinning annual 15 thousand tons continuous differential spun silk production project of the joint stock company and the two phase 3# line project of Jilin TSE's annual output 8000 tons tow carbon fiber project, which will be put into operation one year. In May, Jilin chemical fiber registered to set up Jilin Guoxing Carbon Fiber Co., Ltd., further enriching the variety of carbon filament production. As the project has been put into operation and the upstream and downstream capital operation of the industrial chain is being carried out, the group is rapidly moving towards the goal of building 100 thousand tons of raw silk, 40 thousand tons of carbon wire and 5000 tons of pultrusion complex carbon fiber industrial park. Meanwhile, the joint stock company and carbon Valley company's issuance work is in full swing.

As of June 30, 2020, the Shanghai mercury home textiles Limited by Share Ltd accumulated a total of 3914800 shares in the repurchase company through centralized bidding, and the repurchase shares accounted for 1.4680% of the total share capital of the company. The highest price was 16.92 yuan / share. The lowest price was 12.96 yuan / share, with a total payment of 60679. 092 yuan (excluding transaction costs), this repurchase is in line with relevant laws and regulations and the company's buy back program. The share buyback will be used for equity incentive or ESOP.

In June 30th, with the grasslands entering the best season, the Ordos City Government announced that it had reached a strategic cooperation with many spies to jointly launch "Tianjiao e purchase quality Ordos" activities. This is the new consumption engine of the first inland hinterland special trade city to launch export to domestic sales after Ningbo, Qingdao, Dongguan, Quanzhou and other coastal foreign trade cities join hands with the new electricity providers. Ordos City is located in the southwest of the Inner Mongolia Autonomous Region, with a total area of 86 thousand and 700 square kilometers. In 2019, the gross domestic product of the city reached 360 billion 500 million yuan, which was the first strong economic city in the Inner Mongolia Autonomous Region. Cashmere and wool products, seabuckthorn drinks, dairy products, meat and other agricultural and livestock products are well known all over the country, casting the brilliant "China's top 100 foreign trade cities". Previous data show that the city's cashmere industry has more than 79 cashmere processing enterprises, accounting for 55% of the above scale cashmere processing enterprises in the autonomous region. The cashmere sweater here has more than 6 million annual output, occupying more than half of the total output of the country, and sold at home and abroad.

Zhejiang daily hair textile machinery Limited by Share Ltd gem has been accepted recently. It is reported that the number of shares to be issued by the Japanese textile machinery company is no more than 23 million 162 thousand and 406 shares, accounting for 25% of the total number of shares issued after the issue. The sponsor of this issue is Guoxin Securities, and the auditing body is Tianjian accounting firm (special general partnership). Prospectus shows that this will raise 431 million 460 thousand yuan fund for new spinning intelligent chemical plant project, new high efficiency nonwoven equipment industrialization project, green printing and dyeing equipment and knitting equipment research and development and industrialization technology transformation project and supplementary working capital. Data show that the main business of RFA is intelligent textile equipment manufacturer. Its main products include air-jet looms, rapier looms, towel looms, water looms, rotor spinning machines, twister and so on. In terms of performance, the company's operating income in recent three years was 1 billion 407 million yuan, 1 billion 459 million yuan and 1 billion 688 million yuan, corresponding net profit of 69 million 982 thousand and 700 yuan, 134 million yuan and 121 million yuan.

Recently, Lotte chemical and Han Hua Chemical signed a supply agreement for PTA. According to the agreement, Lotte will buy 450 thousand tons / year PTA from Han Hua. Han Hua plans to restart second sets of PTA installations in Ulsan, South Korea. Lotte plans to suspend its 600 thousand ton / year PTA plant in Ulsan in July, and plans to increase its business competitiveness through the conversion of pure phenylene two carboxylic acid (PIA) at the base. Lotte said that according to the supply contract, Han Hua will ensure its stable supply of PTA and enhance its competitiveness. Through the development of cooperation between the two sides, we can also enhance the overall competitiveness of the Korean chemical industry. PIA is the raw material for producing PET, paint and unsaturated polyester resin. Lotte's output in PIA is 520 thousand tons, and its market share is in the leading position in the world. At the end of last year, Lotte Company invested 50 billion won in Ulsan, transforming a PTA production line into a PIA production line. Han Hua has the largest PTA production base in South Korea, with a total capacity of 2 million tons / year.

From the China National Railway Group, it has learned that since July 1st, the national railway has implemented the three quarter train diagram, and a number of new lines have been opened, and the railway passenger and freight transport capacity has been further improved. The train operation will be increased or reduced according to passenger and freight demand. First, many new lines are opened and operated, and the road network structure is further improved. Before July 1st, a number of new lines will be opened and operated, which will further improve the road network structure and greatly enhance the regional transport capacity. The two is the simultaneous opening of summer transport and the timely increase or decrease in train operation. The three is to adjust and optimize some general speed bus operation, effectively prevent flood season safety risks. Four is to continue to enhance freight capacity, better service enterprises to return to work. The 20096 trains of daily freight trains are arranged, of which 193 are the freight trains running on bus routes, 70 in Central Europe, and 11 in freight trains along the Yangtze River, which will provide better logistics services for enterprises to return to work and achieve international trade and economic cooperation.

According to the data released by the Hongkong SAR Government on Wednesday, Hongkong's retail sales in May dropped 32.8% to HK $26 billion 800 million, down sixteenth consecutive months. A spokesman for the HKSAR government said that the stagnation of inbound tourism and the weak employment development led to a decline in retail sales in Hongkong. However, due to the gradual stabilization of the local epidemic, the decline in retail sales in May was better than 36.1% in April. In the first five months of this year, total retail sales decreased by 34.8% compared with the same period last year, and total retail sales fell by 33.9% over the same period last year. The sales volume of department stores decreased by 37.8% compared with the same period last year, and the sales of supermarkets increased by 7.3% over the same period last year. The serious downturn in tourism is also an important reason for the poor retail performance: in May, the number of inbound tourists in Hongkong dropped by 99.9% compared to the same period last year, only 8139, while the number of tourists from the mainland also dropped by 99.9%, to 5670.

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