Afraid Of Falling? Cotton Ginning Companies Sell Their Hedging In Succession, But Do They Lose The Opportunity To Replenish Their Goods?

Market brief

In September 25th, 11907.4392 tons of resources were sold out of the cotton reserves, with a turnover of 10396.6736 tons, with a turnover rate of 87.31%. The average transaction price was 11951 yuan / ton, down 128 yuan / ton compared with the previous trading day, and the price of 3128 yuan was 13142 yuan / ton, down 108 yuan / ton compared with the previous day. Xinjiang cotton trade average price of 12281 yuan / ton, Xinjiang cotton discount 3128 price 13279 yuan / ton, Xinjiang cotton price increase 559 yuan / ton. The average price of real estate cotton is 11587 yuan / ton, the price of real estate cotton is 3128 yuan, 12990 yuan / ton, and the increase rate of real estate cotton is 270 yuan / ton. From May 5th to September 25th, the cumulative turnover of cotton reserves totaled 965 thousand and 600 tons, with a turnover rate of 86.37%.

Zheng cotton narrow range concussion, shorts continue to add positions, new flowers are listed on the market, industrial insurance fund admission, some cotton ginning enterprises sell insurance, Zheng cotton first target place 12200. 陳棉現貨庫存高位，紡織企業原棉需求仍顯一般，且下游紡企對原棉需求提升預期不足，短期現貨棉價繼續承壓弱穩運行，自9月23日12點開始新疆地區專業倉儲庫正式開始預約入庫，隨著新疆籽棉上市量的增加，25日奎屯期貨交割庫銀棉儲已經達到400噸最高限額，后期預計新棉注冊倉單或進一步增加，今年以來，棉花價格波動幅度大，疆內外企業為預防市場大幅波動帶來的風險，不斷增加期貨套保倉單，目前軋花企業套保有利潤，為了防范棉花價格繼續下滑，軋花企業紛紛賣出套保，聽聞部分企業在13000元/噸附近、12800元/噸附近甚至12600元/噸附近均有倉單生成，鑒于中美貿易前景較難預測，軋花企業多持謹慎態度，快產快銷不做庫存，隨著新棉數量的增加，棉花市場供應壓力將持續增加，短期利好支撐難尋，棉價仍有小幅走弱可能。

The price of acrylonitrile is maintained at a high price of 12000 yuan per ton in September, and the retail offer is temporarily referenced to 12500-12800 yuan / ton. At the end of the month, the number of goods held by the retailer is almost zero, and the order sales are the main ones. The market just needs to keep the train of thought in order to maintain the market. There is no lack of high price offer. However, spot trading is relatively limited, some of the offer is free from market, and there are certain restrictions on transportation in some areas. There is a certain limit in the transportation of the market. The market is not volatile. The price of acrylonitrile in Shandong is high and volatile. But the spot market is limited, and the supply of medium and long-term market is limited. Acrylic fiber prices continue to be stalemate, raw materials acrylonitrile plant high price monthly, acrylic fiber cost surface support is not reduced, and downstream demand performance is generally, acrylic fiber market trading rhythm continues to be temperate, acrylic fiber factory offer maintain, factory production rhythm is relatively stable, production and marketing is basically balanced, stock control, manufacturers offer a steady state of mind, expect short-term acrylic fiber prices will maintain stable finishing.

In order to meet the needs of cotton processing enterprises in processing public inspection of cotton lint, the national cotton trading market has opened 41 online warehouses for professional supervision of cotton in Xinjiang on September 23rd at 12:00. Among them, Korla Silver Star Logistics Co., Ltd. as the first successful booking warehouse, on the 23 day, has successfully made an appointment for 21 batches of cotton. According to the national cotton trading market statistics, as of 24 noon 12:00, the warehouse has been opened up to date has successfully made 56 appointments, the appointment volume of 2312 tons.

According to the latest survey of the national cotton market monitoring system, as at the end of August, it is estimated that the output of new cotton will reach 128.5 kg / mu in 2019, an increase of 1.5% over the same period last year, with a total output of 6 million 160 thousand tons, an increase of 0.9% over the same period last year. Specifically, the average cotton yield and total output are expected to be higher than the previous year. The total output of cotton in 2019 is estimated to be 6 million 160 thousand tons, up 0.9% from the same period last year, increasing by 6.5% over the past three years. According to the subregional perspective, the output of cotton production in the the Yellow River river basin is estimated to be 528 thousand tons, down 11.1% from the same period last year. The cotton production in the Yangtze River Basin is expected to be 301 thousand tons, down 12.3% compared with the same period last year. The output of the northwest inland cotton area is expected to be 5 million 306 thousand tons, up 3.2% over the same period last year, of which Xinjiang production is expected to be 5 million 266 thousand tons, up 3.2% over the same period last year. In addition, the survey shows that 22.8% of the surveyed farmers are expected to delay the scale picking time. It is expected that the picking time in some parts of the mainland will be delayed by 5~10 days over last year, and the scale picking time in Xinjiang will be delayed about 10 days over last year.

Recently, cotton picking in eastern Xinjiang and southern Xinjiang has gradually started. In addition to early flowering, a small amount of mid season flowers began to be sold on the market, and the quality and lint percentage of seed cotton were higher, and moisture regain decreased. It is expected that the machine picked cotton will be produced in large scale in late September and will be listed in bulk in the middle and October. In contrast to the busy situation of picking and selling cotton seeds, the proportion of East Xinjiang (including 200 type ginning factory) and southern Xinjiang picking cotton gin plant is less than 30%, which is obviously lower than that of the same period in 2018. Why does the cotton mill do not rush to harvest early this year? Compared with 2018, about a week delayed (especially in some cotton areas of Akesu). Two, a part of the cotton mill has a relatively large inventory pressure, and it is difficult to raise funds in the short term. At present, it mainly implements the operation of "going out of stock and collecting money"; three, in 2019, the environmental protection requirements of cotton processing enterprises in various prefectures are relatively high, and the "decontamination and waste disposal" efforts are great. The cotton enterprises in the southern part of Xinjiang have postponed the acquisition because they have not reached the dust removal equipment or the dust removal equipment is not up to standard. Four, the cotton processing enterprises in Xinjiang 2018 have made more losses in the 2018 years. Therefore, it is very prudent to start weighing and trial rolling. Five, the cotton business in the Xinjiang contract factory and the cotton picking production line in the mainland have been reduced compared with the previous years. There are several reasons for the analysis: first, from late August to mid September, the continuous rainy and low-temperature weather in some parts of Southern Xinjiang resulted in a low accumulated temperature, and cotton was affected by peach and boll opening. A ginning factory in Kashi reflects that at present, it is mainly cotton enterprises in Chongqing, Henan, Zhejiang and other places that enter the Xinjiang region this year.

According to customs statistics, China's cotton yarn imports 150 thousand tons in August 2019, a decrease of 27.6% compared to the same period last year. In August, the export of China's cotton yarn was about 28 thousand and 200 tons, an increase of 0.13% compared to the same period, a decrease of 12.93% over the same period last year. In 2019 1-8, China's cotton yarn imported 1 million 330 thousand tons, down 7% from the same period last year. In 1-8, China's cotton yarn exports totaled 267 thousand and 700 tons, down 6% from the same period last year.

Reporters from the national development and Reform Commission, the Ministry of commerce related aspects learned that, recently, the United States has announced three exclusionary list of tariffs on China, involving more than 400 commodities. China supports relevant enterprises to continue to purchase certain quantities of soybeans, pork products and other agricultural products from the United States in accordance with the principles of marketization and WTO rules. The Tariff Commission of the State Council will continue to levy tariffs on these purchases. The Chinese authorities said that the market capacity of China is large and the prospects for importing high-quality agricultural products in the United States are broad. We hope that the US side will continue to work with China to create favorable conditions for bilateral agricultural cooperation and cooperation in other fields.

Recently, the leading group of Jiangsu chemical industry safety and environmental protection improvement and upgrading has issued a notice on the objectives and tasks of the province's chemical industry safety and environmental protection improvement in 2019. Among them, the province has identified 4022 chemical production enterprises that are included in the regulation area, plans to close and exit 1431, stop production rectification 267, deadline for rectification 1302, relocation 77, upgrade 945. In 2019, the province planned to close and withdraw 579, and plan to close and cancel 9 chemical industrial parks (concentration areas) located in chemical industry.

A few days ago, according to the relevant requirements of the general office of the Ministry of industry and information technology and the notice of the Ministry of industry and information technology on the construction of industrial quality brand in 2019, the Ministry of industry and Information Technology commissioned by the science and Technology Department of the Ministry of industry and information technology, through the self declaration of enterprises, the recommendation of local (industrial) organization units, the qualification examination of the Accreditation Committee, the material evaluation and the defense, 46 typical experiences were set to be the benchmark for 2019 national quality in 2019. And the list will be publicized, public notice time: from September 18 to 27, 2019. Among them, 3 experience items of textile and garment related enterprises were selected. Henan Alban Clothing Co., Ltd., based on AQRCIS system, realizes the practice experience of garment customization, the experience of Jiangsu Sunshine Group Co., Ltd. in implementing the quality strategy warp and weft management mode, and the experience of Shandong's Limited by Share Ltd.

According to the situation of Vietnam cotton yarn Association, Vietnam imported 102 thousand and 900 tons of cotton in August 2019, a decrease of 22.8% in the ring ratio, and a total import of 1 million 45 thousand and 500 tons in 1-8 months, a decrease of 8.2% over the same period last year. In August, Vietnamese yarn imports amounted to 95 thousand and 300 tons, a decrease of 2.8% in the ring ratio, an import volume of $196 million 100 thousand, and a decrease of 9.2% in the ring. In 1-8 months, the total import yarn was 721 thousand and 600 tons, an increase of 6.6% over the same period, and the import volume was $1 billion 625 million 400 thousand, an increase of 3% over the same period last year. In August, Vietnamese yarn exports amounted to 149 thousand and 300 tons, a decrease of 2.5% in the ring ratio, an export volume of $356 million 600 thousand, and a reduction of 3.4% in the annulus. In 1-8 months, Vietnam exported 1 million 96 thousand and 900 tons of yarn, an increase of 12.1% compared with the same period last year, with an export volume of US $2 billion 754 million 800 thousand, an increase of 2.6% over the same period last year. In August, Vietnam's textile and clothing exports amounted to US $3 billion 371 million 200 thousand, an increase of 2.2% over the same period, and the total export of textiles and clothing in the 1-8 months was US $21 billion 771 million 900 thousand, up 10.2% over the same period last year.