The Yarn Has Finally Started To Rise. Is It The Peak Season? Or Is The Cost Pressure Coming?

Market brief

In September 17th, 11349.335 tons of resources were sold out of the cotton reserves, with a turnover of 11349.335 tons, with a turnover rate of 100%. The average transaction price was 12144 yuan / ton, down 35 yuan / ton compared with the previous trading day, and the price of 3128 yuan was 13305 yuan / ton, down 103 yuan / ton compared with the previous day. Xinjiang cotton trade average price of 12592 yuan / ton, Xinjiang cotton discount 3128 price 13919 yuan / ton, Xinjiang cotton price increase 1381 yuan / ton. The average price of real estate cotton is 12026 yuan / ton, the price of real estate cotton is 3128 yuan, 13143 yuan / ton, and the increase rate of real estate cotton is 605 yuan / ton. From May 5th to September 17th, the cumulative turnover of cotton reserves totaled 896 thousand and 900 tons, with a turnover rate of 85.70%.

Zheng cotton narrow downward shock, volume can shrink, short-term shocks remain unchanged. Continue to follow suit, the State Cotton store is a continuation of the entire transaction status, the downstream textile enterprises are actively competing, the port cotton inventory is still weak, the port inventory digestion is still slow, the cotton seed price in Xinjiang is still stable, the cotton mill is mainly processing cotton, the new cotton transaction is still not active, the cotton price operation pressure is high, the price of seed cotton is high, the cost of the cotton enterprises is high, the profit margins are insufficient, and the old customers are mainly taking the goods. The National Day is approaching, and the demand for textile enterprises has not improved significantly. Spot cotton prices continue to rise slightly under the pressure of cost pressure. There will be no change in Sino US trade relations before the national day, and confidence in the market will be slightly boosted.

The price of acrylonitrile is kept consolidated, the mainstream factory offer is maintained, the intermediaries are cautious about the operation, the downstream users just need to receive the supporting tray, and the market supply side has no obvious volume. After the new device is put into operation, the industry waits for a strong mentality. Before the national Day holiday, the small peak has always been stocked for downstream factories, which supports the firm's steady price mentality. In the medium and long term, the supply has increased, and the downstream industries have not had corresponding new demand. The supply and demand pattern of the acrylonitrile market will be broken. The air market is obvious, and the mid and long-term prices still have downside risks. Acrylic fiber prices remained stable, fundamental changes were limited, acrylic manufacturers limited production prices, the demand for performance in the peak season generally, acrylic market bearish atmosphere continued, more look at raw materials acrylonitrile new guidelines, the general market atmosphere, expected short-term acrylic price will maintain horizontal finishing.

At the invitation of the United States, Liao Min, deputy director of the central finance office and vice minister of finance, will visit the United States on Wednesday. He will consult with the US side on Sino US economic and trade issues, prepare for the thirteenth round of Sino US economic and trade consultations held in Washington in October, and pay close attention to the progress of Sino US trade negotiations.

According to some Xinjiang ginning factory and cotton traders, since September, the "double 28/ double 29" hand picking cotton (including length 28mm and above, breaking strength 27.5cN/tex and above) has been much more active since August than in 7 to August. The enthusiasm of some cotton textile mills and middlemen in the mainland has continued to recover, and the mentality of buyers and sellers in the spot market has undergone subtle changes, and a single buyer's market has been gradually broken. Textile enterprises in Henan, Hubei and other places indicated that the price difference between "double 28" hand picked cotton and machine picked cotton was generally 300-400 yuan / ton, and the price difference between cotton picking machine and local machine picked cotton in the same quality Corps was 200-300 yuan / ton. In addition, recently, traders and ginning plants sold at the basic price point of the southern Xinjiang, and the price of the machine picked cotton increased significantly. The price was 50-100 yuan / ton higher than that of Northern Xinjiang. Double 29/ double 30 "high quality, high spinnability of lint sales progress is relatively fast (including the purchase of Zheng cotton warehouse receipt), the buyer can choose little space; two is the pressure to repay the loan, raise the acquisition fund and so on, and the price of the cotton mill will have a strong desire to reduce prices; three, the cotton auction is becoming increasingly fierce, the daily turnover rate is 100% continuously, and some textile enterprises that are eager to replenishment of the warehouse are transferring the enquiry and purchasing focus; four is the superposition of the textile industry" golden nine silver ten "and the Sino US trade consultation, and so on, and the stockings of the large and medium sized cotton mills, weaving and clothing enterprises are warming up; five is the seed cotton purchase price of 29/, or the low price and high price of the new cotton and Chen cotton spot price. The reason why the hand picked cotton in southern Xinjiang is concerned by buyers is that the industry's views include the following points: first, Northern Xinjiang.

On the afternoon of September 16th, Lutai textile Limited by Share Ltd (Lutai textile.000726.SZ) convened the third provisional shareholders' meeting in 2019. The conference voted on the spot and network voting to vote on the motion and related motions of the A shares issued by Switching Company, and all motions were approved. Lu Tai textile Limited by Share Ltd is a foreign invested joint-stock enterprise. It was founded in 1988. Its headquarter is located in Zibo City, Shandong province. The legal representative is Liu Zibin. Rutai textile sets the design, development, production and sale of textiles, clothing and accessories, and is mainly engaged in export trade. Its products are sold to more than 30 countries and regions such as the United States, the European Union, Japan and so on. The export market share of high-grade yarn dyed fabrics accounts for 18% of the global market. The company's production and operation performance has always been the forefront of the textile industry in the whole country. 70%. According to the semi annual report of Lu Tai textile in 2019, the company's semi annual operating income was 3 billion 185 million yuan, a decrease of 2.89% compared with the same period last year, and the net profit attributable to shareholders of listed companies was 411 million yuan, an increase of 9.03% over the same period last year.

In September 12th, according to the data from the sky eye, the operation of the Guangzhou YY Network Technology Co., Ltd. was changed. After the change, the business scope mainly includes small ornaments, small gifts retail, computer technology development, technical services, consignment welfare lottery, sports lottery, geographic information processing, communication system equipment manufacturing, computer information security equipment manufacturing, textile and knitwear retail and so on. Public information shows that YY live broadcast belongs to the YY Entertainment Department of the reunion era. At present, the number of registered users reaches 1 billion, and the monthly active users reach 122 million. The change is mainly the addition of textile retail, which is the rhythm of selling textiles.

In September 7th, in the "second Northeast Asian student costume design competition", Wang Yanuan and Wu Quanhong of the 2018 grade industrial design engineering graduate of Qiingdao University won the gold and silver awards. The 2016 class clothing and costume design undergraduates Sun Xiaoyu won the excellent prize. Wang Peina and Liu Tianyong were awarded the excellent teacher award. In September 9th, in the "Second China Qinghe cashmere fashion design competition" sponsored by the China Fashion Designers Association, Wang Yanuan, a graduate student in the 2018 grade industrial design engineering of Qiingdao University, won the silver award.

Recently, the professional managers association of Hubei province has awarded the certificate of professional certification for clothing and textile professionals in Yiling, Yichang, Xiantao, Zhigang sewing equipment Co., Ltd., Deng Zhigang, Wuhan Tengyi cloud Technology Co., Ltd., Chen Xuehua, Wuhan Huang Tai zipper limited, Wu Fangju, Hubei clothing Valley Agel Ecommerce Ltd Shen Peixin, etc. This marks the start of the certification and registration of professional qualifications of garment and textile professionals in Hubei Province, certifying the issuance of professional managers' certificates, providing professional credentials and professional credit guarantee for professional and professional clothing and textile professional managers in our province.

Recently, the policy of favorable textile and garment sector has been introduced continuously. The State Council issued the "outline for the construction of a sports power" and put forward the idea of building a modern socialist sports power by 2050. In September 10th, the foreign exchange administration abolished the limitation of investment quota for QFII and RQFII. In fact, foreign investment has always preferred the textile and garment sector. Since May 2018, when MSCI began to be included in A shares, as of September 12, 2019, the total net inflow of north capital has reached 802 billion 200 million yuan, and the textile and garment sector's capital holdings in the north have increased by 1 billion 300 million yuan to 2 billion 800 million yuan. With the introduction of the "outline for the construction of a sports power", the improvement of the national fitness facilities and the extensive development of the national fitness program, the demand for sportswear and footwear will continue to grow. It is estimated that the composite growth rate of the sports apparel market in China will be around 10% in the 2019-2023 years, and the sports apparel industry will usher in a long-term good trend.

Shanghai is building an integrated industrial ecosystem of carbon fiber industry in Jinshan District. The reporter learned from the 2019 Pujiang innovation forum, the carbon fiber composite industry innovation and Development Summit Forum. On the basis of introducing new materials industry leading enterprises, scientific research institutions and upstream and downstream matching projects, Shanghai Jinshan carbon fiber composite material industry scale will strive to reach 40 billion to 50 billion yuan in 2035, and build a global competitiveness of carbon fiber composite materials R & D and industrialization demonstration base. Shanghai Jinshan is an important bearing zone for the brand of "Shanghai manufacturing". Carbon fiber is one of the strategic emerging industries to develop. It will integrate the industrial resources of the Yangtze River Delta, focus on breaking through the key technologies of the carbon fiber industry, and innovate the application of downstream key areas. A total of 15 related projects have been signed in Shanghai Jinshan, including 5 industrial projects, with a total investment of about 7 billion yuan, including Shanghai Petrochemical's annual production of 12 thousand tons 48K tow carbon fiber project, which will provide adequate raw materials for downstream applications.