Raw Materials Continue To Weaken, The Downstream Market Is Still Poor, Yarn Almost No Deal, Bleak!

In July 10th, 12151.5519 tons of resources were sold out of the cotton reserves, with a turnover of 11083.1486 tons, with a turnover rate of 91.21%. The average transaction price was 12878/ tons, up 105 yuan / ton compared with the previous trading day, and the price of 3128 yuan was 14205 yuan / ton, up 190 yuan / ton compared with the previous trading day. Xinjiang cotton trade average price of 13023 yuan / ton, Xinjiang cotton discount 3128 price 14315 yuan / ton, Xinjiang cotton price increase 625 yuan / ton. The average price of real estate cotton is 12632 yuan / ton, the price of real estate cotton is 3128 yuan, 14017 yuan / ton, and the increase rate of real estate cotton is 327 yuan / ton. From May 5th to July 10th, the cumulative turnover of cotton reserves totaled 446 thousand tons, with a turnover rate of 87.54%.

Cotton at the end of July 9th, the Sino US trade and trade relations were eased, the spot price of cotton continued to decline, and the market price of the base price continued to decline. The quotations of "one price" were also decreasing. The prices of spinning enterprises were divided. Some of them continued to wait and see. Some of them continued to wait and see. The market was still not good enough, and the overall market turnover was still poor. Most of the users maintained their operations with the use of reserves. The turnover of the reserve cotton was somewhat warmer, and the transaction rate and average transaction price rose slightly. Zheng

The price of acrylonitrile is weak, and there is no new information in the market. The business offer continues to be weak. Some of the spot quotes are close to the cost line of the factory. The parties are cautious in their trading positions, and the downstream needs to maintain the goods. The spot trading is not good, but the decline in spot prices is slowing down. The market is still on the low side, and the short term is concerned about the trend of the factory. The price of acrylonitrile is still dominated by weak consolidation. Acrylic fiber prices continue to cross the finishing arrangement, downstream manufacturers do not change the mindset, raw materials acrylonitrile remain weak, the acrylic fiber plant operators enthusiasm generally, the industry starts to remain relatively low, market trading continues to be temperate, the overall market operation is good support is limited, it is expected that the short term acrylic fiber plant home offer is still stable.

Downstream polyester production further expanded, the PTA trend is now divided, polyester and short quotation weak stability market, production and marketing gloomy, will soon open a downward trend? Raw material market repeatedly, how to grasp market opportunity? Short staple factories offer strong prices, orders can support production and sales in the month, operation and mentality are still strong. How will the market change? Please click the bottom of the article to read the original and get the professional analysis of spinning road 1707.

Since the beginning of this week, the main contract of cotton futures has fallen by more than 5.50%. As of July 10th, it closed at 13125 yuan / ton during the day. In this context, many textile stocks have gained a substantial increase: the price limit of Feng Bamboo textile, the limit of China Textile shares, ST's rise of 5.24%, the Ruyi group's rise of 5.11%, and the increase of 4.34% of the birds. Huatai Securities research pointed out that consumer demand in the second half of this year is expected to gradually stabilize and rebound, and industry performance is expected to usher in improvement. Textile manufacturing sub sector valuation is close to the lowest level since 2010, the macroeconomic disturbance factor will ease or bring valuation repair, superimpose the improvement of the performance of the downstream orders, and the textile manufacturing sector is expected to usher in a phased market in the second half of the year.

According to reports, Fujian Financial Supervision Bureau will speed up the Fujian provincial capital market promotion guidance. Among them, we will support qualified textile and footwear enterprises to accelerate the listing and financing and refinancing, and guide the listed companies to carry out merger and reorganization. At the same time, we should promote the role of provincial industrial equity investment funds and their sub funds, Quanzhou M & a funds and other government investment funds to support more conditional cities and districts, set up government led M & a funds, attract famous private equity funds from both inside and outside the province to participate in the investment and financing docking of Fujian textile and footwear industry, and promote the integration, merger and reorganization of textile footwear and listed companies and upstream and downstream enterprises.

According to monitoring data, in June 2019, the national textile and apparel professional market managers' prosperity index was 47.53, down 2.20 percentage points from 49.73 in May, and the professional market business climate index was 48.67, down 1.41 percentage points from 50.08 in May. In June, the professional market entered the traditional off-season, and all indexes declined. Market operation volume, logistics delivery volume, passenger flow index, total sales volume and profit index declined. The market leaders and merchants' anticipation for July generally extended to the off-season, and the management situation continued to be slack.

In June, the meteorological conditions of all cotton regions in China were generally suitable for cotton growth. Most cotton fields were in the bud stage. The occurrence of pests and diseases was relatively mild, and the overall growth was stable. According to the weighted average calculation of cotton growers area, the cotton planting area in the whole country was 48 million 156 thousand mu, a decrease of 1.77% compared with that of the previous period. It is expected that the yield will increase slightly and the total output will be 6 million 60 thousand tons, a decrease of 0.76% over the same period. According to the sub regional perspective, the trend of output per unit area in the mainland's main production area has increased slightly, and Xinjiang's per unit output has been flat with last year.

After the construction of the "246" 100 billion industrial cluster mobilization conference held in Ningbo, Zhejiang Textile and Fashion College actively took action. The joint China Textile Engineering Society set up the modern textile and garment industry institute and the textile and clothing technology innovation research institute last month, and took the initiative to connect with the textile and garment industry in Ningbo's "246" 100 billion industrial cluster construction, helping Ningbo's manufacturing industry develop with high quality. Ningbo has gathered tens of thousands of textile and garment enterprises, of which 819 enterprises are regulated, accounting for 11% of the total regulated enterprises in the city, and the textile and garment industry tax is listed as second of all the industries in the city.

In July 4th, the "China Bangladesh entrepreneur round table dialogue conference" was held in Beijing. Bangladesh Premier Sheikh Hasina said at the meeting that in the future, the Bangladesh government will continue to push forward the industrialization process, build 100 special economic zones, and set up special economic zones for Chinese enterprises, hoping that Chinese Enterprises will seize opportunities and expand imports from Bangladesh, and actively invest in textile, leather processing, agricultural products processing and other industries, and explore new opportunities for cooperation between China and Bangladesh.

It is reported that the Ministry of industry of Bangladesh has drafted 2019 draft policies on the development of leather and its products and will be submitted to the cabinet committee for examination and approval. According to the draft, finished leather, footwear and leather products will be regarded as a priority development category, and appeal to give leather industry the same policy as garment industry, providing fast customs clearance. At present, leather industry is the second largest export industry after garment industry, which can meet the total demand of the global leather market of about 10%. In 2016/17 fiscal year, the export of leather and its products is 1 billion 230 million US dollars.