Can You Cut The Bottom? Will The Low Position Of The Factory Be Low?

Market description

Zheng Mian's main attack 12200 after the shock down, long small position reduction, short-term is still in 11800-12200 range shock. The spot cotton price rose slightly, the overall purchase and sales volume was still small, basically maintained the rigid demand transaction, the local cotton maintained low volume and low price operation, some cotton manufacturers still had low willingness to ship, the textile off-season, the downstream demand performance was poor, textile enterprises' finished product inventory was difficult to reduce, restricting the price transmission of the industrial chain, coupled with the hot transaction of reserve cotton, continued all transactions, the purchase and sale of commodity cotton was more under pressure In the medium and long term, the global cotton production is down, and the cotton market is still expected to be stronger.

On July 10, 8096.635 tons of sales resources were sold by the reserved cotton wheel, and the actual transaction volume was 8096.635 tons, with a transaction rate of 100%. The average transaction price was 11585 yuan / ton, down 54 yuan / ton from the previous day, or 12880 yuan / ton at 3128 yuan / ton, 128 yuan / ton lower than the previous day. The average transaction price of Xinjiang cotton was 11699 yuan / ton, which was 80 yuan / ton lower than the previous day. The price of Xinjiang cotton converted to 3128 yuan / ton was 13034 yuan / ton, 139 yuan / ton lower than that of the previous day. The price increase of Xinjiang cotton was 1139 yuan / ton. The average transaction price of real estate cotton was 11374 yuan / ton, which was 24 yuan / ton higher than the previous day. The price of 3128 yuan / ton of real estate cotton was 12594 yuan / ton, which was 74 yuan / ton lower than that of the previous day, and the price increase of real estate cotton was 699 yuan / ton. From July 1 to July 10, the total transaction volume was 64445.8212 tons, with a turnover rate of 100%.

The price of acrylonitrile continued to be weak and consolidation. Some middlemen in the circulation sector made weak and volatile offers. There was obvious resistance to high price transactions in the market. Some merchants were cautious in trading. Downstream users were not enthusiastic about buying under bearish expectations. There was little news about spot transactions in the market. There were more contract sales. There was a strong wait-and-see atmosphere in the market. Acrylonitrile manufacturers also had the intention to reduce the price, but the cost was under pressure In addition, the inventory is controllable, the price reduction is limited temporarily, and attention should be paid to the changes of plant devices. The price of acrylic staple fiber remained stable, the installation load of acrylic fiber plant remained relatively high, some factories gradually accumulated inventory, the price of raw material acrylonitrile decreased, the pressure of acrylic fiber cost slightly eased, the start-up rate of downstream cotton mills was still not high, the manufacturers mainly wait and see the price change of raw material acrylonitrile, and it is expected that the price of acrylic fiber will remain stable in the short term.

On July 7, 2020, the office of the U.S. Trade Representative (USTR) announced the product exclusion notice under the Sixth Batch of US $300 billion tariff added goods list, adding 61 excluded products, including 8 categories of textile and clothing products, and modifying the customs tariff numbers of 27 products. Up to now, 25 textile and clothing products have been excluded from the 300 billion tax list, and the excluded products will no longer be subject to 7.5% tariff increase when exported to the United States. The period of validity of the excluded products listed in this notice is from September 1, 2019 to September 1, 2020. The description and HS code of textile and clothing excluded in this time are as follows: 6302.10.00206304.92.00006307.90.98896307.90.98896307.90.98896307.90.98896307.90.98896506.10.6045.

On July 10, Anhui Huamao Textile Co., Ltd. submitted to Anqing Branch of Bank of communications an application for cancellation of stock pledge according to the agreement, and Anqing Branch of Bank of communications applied to Shanghai Branch of China securities registration and Clearing Corporation for handling the procedures of cancellation of securities pledge registration. As of the date of this announcement, 25 million shares of Guotai Junan Securities Co., Ltd. pledged by the company to Anqing Branch of Bank of communications have all been released from the pledge. As of the date of this announcement, the company held 45.3765 million shares of Guotai Junan's shares, accounting for 0.51% of the company's registered capital. Among them, 12.2 million shares were used for pledge type repurchase of securities (pledged to Anqing Branch of Industrial Bank Co., Ltd.), with a total financing balance of 100 million yuan.

On July 10, the founding meeting of Jiangsu textile and garment vocational education industry Steering Committee and the meeting of all committee members were held in Jiangsu Polytechnic of engineering. Entrusted by the Provincial Department of education, Jiangsu textile and garment vocational education industry Steering Committee is an expert organization for the research, consultation, guidance and service of textile and clothing industry (specialty) vocational education and training in the textile and clothing industry (specialty) of more than 30 higher vocational colleges, more than 60 secondary vocational schools and the trillion scale textile and garment industry in Jiangsu Province. It is necessary to establish a high-quality cooperation platform between the Ministry of textile industry and the Ministry of textile industry.

On July 8, changdejin City, Hunan Province held a signing ceremony for 96000 spindle fully automatic intelligent spinning project of differential fiber. The project was invested and constructed by Hunan Jindong Yunfang Textile Co., Ltd. according to Li Liangqi, chairman of the company, the total investment of the project is about 500 million yuan, which will be carried out in two phases. After the completion of all projects, the annual sales revenue is expected to reach 800 million yuan.

Shanghai annuoqi Group Co., Ltd. announced in the evening of July 7 that Shandong annuoqi Fine Chemical Co., Ltd., a wholly-owned subsidiary, recently successfully bid for the land use right of the plots (parcel No.: 2020-39) to the west of Qingyuan Road and north of Yisan Road, Hekou District, Dongying City, with a total price of RMB 30.3 million, and signed the "land and resources of Dongying City" with the natural resources bureau of Dongying City Transaction confirmation of online listing transfer of state owned construction land use right in the trading market). The follow-up companies will actively handle the signing of relevant contracts, payment of land transfer fees and handling of land ownership certificates in accordance with relevant provisions. The annual output of Annuo chemical company is not lower than that of fine chemical company in the long term, which will further improve the overall profit level of the fine chemical company, which will further enhance the overall development level of the fine chemical industry.

Recently, Weiqiao Textile Co., Ltd. released the company's performance forecast. According to its unaudited management accounts, it is expected that the interim performance of the group in the six months ending June 30, 2020 will be significantly lower than that in the same period in 2019. The main reasons are: in the first half of 2020, due to the negative impact of the global new coronavirus pneumonia epidemic, the textile market at home and abroad continued to be weak, resulting in the overall decline in demand for textiles, the group's cotton textile products sales volume decreased year-on-year, and the sales price also decreased compared with the same period last year; in the first half of 2020, although the group's power business remained profitable, it was still in the epidemic situation Under the impact of the impact of electricity sales decreased year on year. Weizhiqiao will pay close attention to the overall competitiveness of the textile industry in terms of R & D and efficiency reduction, and will continue to pay close attention to the overall competitiveness of China's textile industry.

On July 9, UNIQLO's parent company, Japan's fast retailing group, released its financial report, which showed that most stores were temporarily closed in the first half of the year due to the impact of Xinguan epidemic. As a result, all business divisions of the Group recorded a sharp decline in revenue and profits. The report showed that the company had a net loss of 9.82 billion yen and revenue of 336.41 billion yen in the third quarter to the end of May. UNIQLO Japan's third quarter operating profit fell 74%, revenue fell 36%. UNIQLO's revenues and profits in all major overseas markets declined significantly.

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