Rise And Fall, The Risk Of The Recent Decline In Yarn Prices? Mentality Is Empty, When Will It Fall?

Market brief

Zheng cotton rushed down, short positions increased, spot demand is not strong, Zheng cotton will continue to shake down in the short term. Due to strong cost support, the spot cotton price continues to be stable and stronger, and the northern Xinjiang seed cotton harvest has entered the closing period. Some ginners have completed the purchase plan. Recently, the purchase price of seed cotton has been significantly reduced, while the price of seed cotton in southern Xinjiang has increased more or less. The mainland seed cotton continues to increase slightly last week, and the operation pressure of the ginners is large, so the price of seed cotton has been reduced. In terms of imported cotton, due to the sufficient supply of domestic lint and the insufficient cost performance advantage of imported cotton, the demand for foreign cotton is weak. At present, the downstream demand has turned weak, and the demand for cotton in the future is still not optimistic. It is expected that cotton prices will continue to rise in a limited space, and it is difficult to rise or fall in the short term. The main trend is to maintain a stable trend, but the purchase and sales are still difficult to improve significantly.

Acrylonitrile market prices remain weak, mainstream factory prices are stable, individual factory quotations have been reduced slightly, spot market prices continue to persist, business offers are on the market, downstream wait-and-see mentality is strong, market bearish atmosphere continues, spot trading is less, downstream factories buy relatively stable gas, short term acrylonitrile spot retail prices are hard to change, and factory information guidance is concerned. The price of acrylic fiber has remained stable, the order of downstream factories is optimistic and expected to be limited, the purchase on demand has been maintained, the market has no good news guidance for the time being, the acrylic fiber manufacturers have a stable offer mentality, the offer is stable, there is no intention to adjust in the short term, the short-term focus on cost changes, and it is expected that the price of acrylic fiber will remain stable.

According to the data released by China's cotton notarization inspection network, as at 24 o'clock in October 31, 2019, 783 cotton processing enterprises in the whole year of 2019 cotton processed cotton according to the requirements of the cotton quality inspection system reform plan, and carried out notarization inspection. The inspection volume reached 4699055 packages and 1 million 61 thousand and 601 tons. Including: 725 processing enterprises in Xinjiang, with 4617739 packages and 1043321 tons notarized and inspected. Mainland: 58 processing enterprises, 81316 packages, 182790t.

According to China cotton net report, on November 1-2, visited the Xinjiang Uygur Autonomous Region Akesu Xinhe, Sha ya, Kuche and other cotton processing plants. During the visit, it was found that the number of processing plants with large purchase volume of Xinhe County seed cotton reached tens of thousands of tons, and that of other processing plants was about 6000 tons. The purchase price of local seed cotton is 5.6-5.7 yuan / kg for machine picking and 6.3 yuan / kg for hand picking. The purchase amount of machine picking accounts for a large proportion, while the purchase amount of hand picking is less and less. Affected by the market temperature, cottonseed prices continued to rise to 1.85 yuan / kg. According to the processing plant in Shaya District, the local cotton production is expected to be reduced this year, and the quality of cotton has declined. There are many 4-level machine picking cotton in the processing process. At present, most of the processing plants do not have spot goods, even if there are a few spot prices are very high, at more than 13800 yuan / ton. It is understood that the processing plant is generally optimistic about the future market, looking forward to a good market in the later period.

In November 2nd, the Zhangjiagang textile industry index conference and expert seminar on textile industry development were held in Zhangjiagang, Jiangsu. The textile industry is one of the pillar industries in Zhangjiagang City, with an annual output value of more than 60 billion yuan, accounting for 13% of the total output value of the city's industries above the designated size. After years of deep cultivation and development, Zhangjiagang has become an important textile industry cluster in China. At present, there are more than 3100 textile enterprises gathered, and a number of influential and well-known backbone enterprises such as Aoyang group, Huafang group and Dongdu group have been built. Zhangjiagang textile industry index system consists of Zhangjiagang price index, Zhangjiagang prosperity index and Zhangjiagang industry development index.

In November 2nd, the American International Cotton Association (CCI) joined hands with Chen Wen, a famous Chinese cowboy designer and Hongkong Xingwei Textile Co., Ltd., to hold the 2020 spring summer cowboy fashion conference in Beijing fashion design Plaza 751D-PARK workshop, during the China fashion week. The 2020 spring and summer cowboy clothing series is designed by Mr. Chen Wen. The whole design is based on the comfort and sustainability of American cotton as the criterion. It combines the fashion art and healthy lifestyle of cowboys, combines the art and life with laser, laser and other environmental friendly water washing processes, and combines hand graffiti and fashion elements to vividly demonstrate the design concept of cowboy fabric. It also makes cowboy costumes a natural choice for fashion people who pay attention to their personal image.

In October 26th, the Guangxi world textile Investment Group invested 4 billion 900 million yuan in Pingnan's modern eco technology Textile Industrial Park and laid a successful foundation. It is reported that the textile industrial park of world textile investment group is located in Dacheng Industrial Park in Pingnan. The whole Dacheng Industrial Park covers an area of 13000 mu, of which 8000 mu is planned as the land for textile park. At present, the project has passed the examination and approval of "two highs" of the autonomous region, and the wastewater concentration capacity has reached 200000 tons / day. The park implements the centralized supply of water, electricity and steam, and the centralized treatment of "three wastes". The enterprises settled in the park will save more than 30% in the treatment of water, electricity, steam and "three wastes". In addition, the park is equipped with public living area, business and leisure area, which provides convenient services of "good but not expensive" for the employees' placement and business leisure.

According to the data of Vietnam textile and Garment Association (Vitas), textile and garment exports amounted to US $29 billion 240 million in the first half of September this year, an increase of 9.23% over the same period last year, reaching 74% of the annual plan. Among them, the trade balance amounted to US $15 billion 240 million, an increase of 16.77% over the same period in 2018. In August only 2019, foreign-funded enterprises' textile and clothing exports amounted to 12 billion 860 million US dollars, accounting for 59.1% of Vietnam's textile and clothing exports. At present, the United States is still Vietnam's largest export market for textiles and clothing, with an export volume of US $11 billion 491 million, accounting for 45.7% of Vietnam's total textile and clothing exports, representing an increase of 9.42% over the same period last year. Europe ranked second, exports amounted to US $4 billion 352 million, an increase of 9.07%, followed by China and Japan, with exports of US $3 billion 127 million and US $3 billion 39 million, respectively, by 8.95% and 3.4% respectively.

The US Department of agriculture report shows that on October 2019 18-24, the net signing volume of the US cotton in the 2019/20 year was 24 thousand and 500 tons, a decrease of 23% from the previous week, a decrease of 39% over the previous four weeks. The new signing came mainly from Turkey (13 thousand and 700 tons), Pakistan (13 thousand and 700 tons), Vietnam (7121 tons), South Korea (1451 tons) and Bangladesh (1270 tons), and China's net signing volume was 1126 tons. The countries that cancelled the contract were mainly Indonesia (13 thousand and 600 tons), Philippines (998 tons) and the Hongkong region of China (249 tons). In the US 2020/21, the net contracted volume of cotton is 16 thousand and 200 tons, and the buyer is Indonesia. The net contract volume of Pima cotton in 2019/20 was 4921 tons, significantly higher than that of the previous week and the first four weeks. The new contract came from India (2041 tons), Pakistan (1451 tons), China (408 tons), Thailand (408 tons) and Salvatore (340 tons). The country to cancel the contract is Switzerland (68 tons).

According to the voice of Nigeria, Godwin Emefil, President of the Central Bank of Nigeria, signed a memorandum of understanding with the Nigeria cotton textile and Garment Association and other stakeholders to support the revitalization of the cotton textile industry. He told the media that support for cotton cultivation and ginning needs at least 50 billion billion dollars ($163 million), and if the textile industry and clothing industry are needed, the entire industry chain needs more than 100 billion (326 million dollars) support. These funds can help factories purchase modern technology and update modern equipment, so that they can produce high-quality products needed by the market, thus enhancing control over the whole cotton spinning industry chain, creating employment opportunities and revitalizing the domestic economy. In addition, he said the Central Bank supported the federal government's policy of closing land borders to combat smuggling.