Raw Material Market Bottom Hot, Yarn Market Funds Shortage, Orders Have Not Arrived, Traders Move First?

Market description

Zheng cotton shock finishing, the end of a small rise, short-term fundamental change is not big, Zheng cotton continued to shock market. The spot cotton price remained stable, and the overall improvement of demand side was not clear for the time being. The downstream demand for cotton continued to maintain a rigid demand and low inventory state. The lint market trading was flat, and the business mentality was still cautious. At present, Xinjiang cotton point price and buy it now price were relatively higher with the main contract offer, which led to the price of real estate cotton, and the quotation was adjusted upward Due to the heavy rainfall in August, the moisture content of new cotton is large, and some of the quality is poor, so the ginning plant is mainly on the wait-and-see situation, so they are not eager to purchase. In terms of cotton in Xinjiang, some cotton bolls began to open in southern Xinjiang, and defoliant agent was started in early September in Northern Xinjiang. Late maturing varieties in eastern and southern Xinjiang are expected to come into the market in early October. Generally speaking, the supply of cotton market is still in a loose state, and the cotton price is expected to fluctuate.

On August 27, 9981.435 tons of sales resources were sold by the reserved cotton wheel, and the actual transaction volume was 9981.435 tons, with a transaction rate of 100%. The average transaction price was 11966 yuan / ton, down 27 yuan / ton from the previous day, or 13398 yuan / ton at 3128 yuan / ton, 6 yuan / ton lower than the previous day. The average transaction price of Xinjiang cotton was 12148 yuan / ton, which was 45 yuan / ton lower than that of the previous day. The price of Xinjiang cotton converted to 3128 yuan / ton was 13470 yuan / ton, 5 yuan / ton lower than that of the previous day. The price increase of Xinjiang cotton was 1382 yuan / ton. The average transaction price of real estate cotton was 11695 yuan / ton, unchanged from the previous day. The price of 3128 yuan / ton of real estate cotton was 13291 yuan / ton, down 7 yuan / ton compared with the previous day, and the price increase range of real estate cotton was 1203 yuan / ton. From July 1 to August 27, the total transaction volume was 363291.0777 tons, with a turnover rate of 100%.

The price of acrylonitrile market is firm, and the price of raw material propylene is high. Under the support of low inventory and high cost, the acrylonitrile plant maintains the rhythm of limiting production and price, and still has the intention of further pushing up. In addition, the industry has certain expectations on the demand in September, and the spot market offers tend to be high-end, but the growth space of downstream demand is limited, especially the start-up rate of acrylic fiber will decline, and acrylonitrile is expected to rise The range is limited. The market price of acrylic staple fiber continued to be stable, and the quotation of manufacturers did not fluctuate as a whole, but the starting rate of the industry decreased. As the downstream demand had not yet started, some manufacturers' sales were not smooth, resulting in the increase of inventory, so the starting load was reduced. In addition, the price of raw material acrylonitrile rose slightly, the profit margin of acrylic fiber was compressed again, the enthusiasm of factory production was weakened, and the terminal demand continued to be weak It is expected that the price of acrylic fiber is difficult to change.

According to the sampling survey conducted by the national cotton market monitoring system, as of the beginning of August, the average cotton inventory days of the sampled enterprises were about 36.9 days (including the quantity of imported cotton), which increased by 4.2 days month on month and 7.4 days on year. It is estimated that the National Cotton Industrial inventory is about 710000 tons, with a month on month increase of 12.8% and a year-on-year increase of 9.8%. The inventory of cotton industry in Fujian, Hebei and Hubei provinces is relatively large, 45-52 days. At the beginning of August, the yarn production and sales rate of the enterprises surveyed was 90.5%, with a month on month increase of 0.7 percentage points, a year-on-year decrease of 2.1 percentage points, and a decrease of 3.2 percentage points compared with the average level of the same period in recent three years; the inventory was 23.5 days, and the sales volume decreased by 1 day on a month-on-year basis, 5.7 days lower than the average level of the same period in recent three years, 1.7 days higher than the average level of the same period in recent three years. The production and sales rate of cloth was 88.2%, up 2 percentage points month on month, 1.2 percentage points lower than the average level of the same period in recent three years; the inventory was 38.8 days, the sales volume was 3.7 days lower than the average level of the same period in recent three years, 12.2 days lower than the average level of the same period in recent three years.

Jihua Group Co., Ltd. recently released the financial report for the first half of 2020. During the reporting period, the company realized 7.164 billion yuan of operating revenue, a year-on-year decrease of 28.88%; and the net profit attributable to shareholders of listed companies was 10.512 million yuan, a year-on-year decrease of 42.24%. During the period, the company actively reduced the business scale of RMB 6.5 billion, and further reduced the business scale of the company due to the reduction of the company's business income of RMB 6.5 billion on a year-on-year basis. Since the outbreak of the epidemic, Jihua Group has organized its affiliated enterprises to switch to production of medical protective clothing, with a daily output of 152800 pieces. After the domestic epidemic situation is stable, the company continues to produce medical protective clothing for foreign markets. As of June 30, the company has produced 9.8 million pieces of protective clothing.

On the evening of August 25, Daphne International released its results for the six months ended June 30, 2020. The turnover decreased by 85% to HK $212 million on a year-on-year basis. The profit attributable to shareholders increased by 63.77% year-on-year, but it still had a loss of HK $141 million. At the same time, Daphne announced the complete withdrawal of high-end brands in Taiwan, including those in China. As for the performance, Daphne International said in the announcement that this was mainly due to the sharp reduction of sales outlets from 2208 on June 30, 2019 to 293 on June 30, 2020, and the impact of the new crown pneumonia epidemic on store operation and consumer market.

On the morning of the 26th, Nantong municipal government and Donghua University signed a cooperation framework agreement on strengthening the cooperation of production, education and research in the high-end textile industry. According to the agreement, in the future, Nantong and Donghua University will strengthen complementary advantages, deepen industry university research exchange and cooperation, and jointly promote the construction of Jiangsu Nantong International Home Textile Industrial Park and tongzhouwan modern textile industrial park To accelerate the development of Nantong's high-end textile industry. At the same time, we will carry out in-depth cooperation in the construction of innovation platform, scientific and technological research, talent introduction and training, etc. around the fields of modern textile technology and material engineering research and application. During the period, Donghua University and his party also visited Hengli (Nantong) textile new materials Industrial Park, Nantong Innovation Zone Zilang science and Technology City, Nantong International Home Textile Industrial Park, etc.

On August 23, the graduation ceremony of the 2020 Shishi textile dyeing and finishing clothing senior talent education class was held. According to the introduction, all 20 graduates of this textile dyeing and finishing clothing senior talent education class will go to Shishi textile, dyeing and finishing, clothing industry enterprises related jobs. Shishi textile senior talent education class is jointly sponsored by Sanming medical science and Technology Vocational College and Shishi 668 Textile Technology Co., Ltd. It is a full-time three-year textile junior college class. Relying on their respective advantages, through deepening the school enterprise cooperation, production and teaching integration, both sides have realized the Dual Certificate integration of "professional skills + education", which can cultivate practical industrial talents for Shishi textile industry and boost Shishi Textile and clothing industry transformation and upgrading and high quality development. It is reported that this innovative form of school running not only provides "customized" teaching for enterprises, but also solves the "work study contradiction" of technical personnel, and improves the professional teachers' understanding of production practice, which is welcomed by enterprises, technical personnel and all walks of life.

From January to July this year, the growth rate of industrial added value above Designated Size in Shenzhen rose by 1.8% compared with the first half of the year, and increased by 11.5% in July. In the first half of the year, profits of Industrial Enterprises above Designated Size in Shenzhen increased by 22.2%. Shenzhen's industrial added value above designated size has maintained double-digit high-speed growth for three consecutive months, and the industrial economy has achieved "four turns to positive": first, the industrial growth rate has turned from negative to positive, and from January to July, the added value of Shenzhen's industries above designated size has increased by 0.2%; the second is that the growth rate of manufacturing industry has turned from negative to positive, with the added value of manufacturing industry increasing by 0.6% from January to July, and the growth rate has increased by 1.9% compared with the first half of the year; and the third is power, heating and gas From January to July, the output value of industries above Designated Size in Shenzhen increased by 1%, and the growth rate increased by 3.2% compared with the first half of the year. In the same period, the growth rate of 36 industries in Shenzhen was better than that in the first half of the year. Among them, from January to July, the value-added of epidemic related industries accelerated growth, textile industry, special equipment manufacturing industry (including medical devices) and pharmaceutical manufacturing industry increased by 374.8%, 7.7% and 2.8% respectively, and the growth rate increased by 58.7%, 2.1% and 7% respectively compared with the first half of the year.

With the increasing demand of downstream enterprises, cotton yarn prices in Pakistan continued to rise in the recent week. At present, the textile and clothing factories' export load has rebounded by 14.4% year-on-year. In July 2020, Pakistan exported 1.273 billion US dollars of textiles and clothing, with a month on month increase of 9.67% and a year-on-year increase of 11.01%, showing a year-on-year increase for the first time this year; 0 tons of raw cotton; 28400 tons of cotton yarn, down 20.94% month on month, 27.39% year-on-year; 164 million square meters of cotton, an increase of 14.53% on a month on month basis and a decrease of 2.75% on a year-on-year basis.

According to the Japan Broadcasting Association television station, the new crown pneumonia epidemic continues to spread in Japan. In order to effectively avoid virus infection and enjoy delicious food, a university in Kyoto, Japan, has recently developed a "hand-held mask" and plans to promote it in universities and restaurants in Beijing. On the 25th, more than 20 representatives of catering industry gathered in a hotel in Shangjing District of Beijing city to eat with hand-held masks. People put down their masks when eating, hold up masks to cover their faces when chatting, and then talk. In order to make this kind of mask practical used in restaurants and so on, the university students who developed the mask also conducted a questionnaire survey on the participants, striving to further optimize the function and design of the mask. "It's unrealistic to wear ordinary masks when eating, and to take off and wear them for a while," said a man who took part in the trial of hand-held masks. This kind of hand-held mask can eat without violating and feeling, and can effectively prevent infection

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