Deep Loss, Sticky Short Business No Longer A Large Number Of Pre-Sale, No Longer Postponed Settlement, The Price Can Stand?

Market brief

Zheng cotton main force once again stepped back to step under the 11500-11800 shock interval, and fell to the 11500 mark. It is expected that in the late stage, Zheng cotton will continue to fall, and the first target position is 11200. In addition, the market will recede about the early July. The spot market of lint cotton has been running in a concussion and finishing operation. The downstream textile enterprises have not followed up the new orders, the demand for lint is not good, the supply side has high commercial inventories, and the pressure of selling cotton enterprises has increased. Under the pressure of some enterprises' funds, the phenomenon of letting profits and selling cotton has increased, and the news of tension between China and the United States and the rumors of throwing and storing rumors have increased. The spot market of endothelial cotton is hard to say. It is expected that cotton prices will continue to maintain weak shocks.

The acrylonitrile quotation was strong, and in May, the mainstream factory closed to 7200 yuan / ton, which basically met the market expectations, and the factory price mentality was obvious. In addition, the market supply was limited at the beginning of the month, and the middleman jumped up and up again. The demand continued to go up, and there was no strong support for the downstream demand in the circulation field. The focus of the market was rising passively and entered the market in June. The supply of acrylonitrile decreased slightly, but the cost pressure of acrylonitrile continued, and the downstream demand was expected to be relatively stable. It is expected that the price of acrylonitrile in the short term will continue to be strong and warm. Acrylonitrile staple fiber stable market outlook, terminal demand performance is still temperate, downstream cotton mill orders generally, manufacturers of raw materials acrylic fiber procurement enthusiasm is limited, acrylonitrile prices continue to be strong, acrylic fiber cost support still has increased expectations, acrylic fiber factory profit pressure reappearance, and summer for nitrile fiber traditional demand in the off-season, terminal demand is expected to change little, industry equipment load low difficult to change. In the short run, the price of acrylic fiber is stable.

In May 28th, Sheng Hong, China's textile fashion trend, was unveiled in 2020/2021. The new model of all-around digitalization breaks the limitation of time and space through the direct broadcast of one party, integrating fiber, technology, environmental protection, fashion, art and humanity, and fully demonstrates the distinctive color of fiber given to fashion. Attracted domestic fiber production enterprises, textile industry chain partners, timely brand representatives, designers, textile and garment professional teachers and students, as well as the majority of consumers online watch, the total network platform cumulative total of 34 million people watch, the same time period online viewing number as high as about 700000. On the same day, China's international textile yarn exhibition online exhibition (yarn exhibition) visited nearly 30 thousand people on that day, close to the 3 day visit volume under the previous line. The form of cloud publishing also allows more consumers to participate and feel the new charm and new trend of fashion "behind the scenes hero" fiber materials.

According to the cotton trade association of Zhangjiagang, as of May 26, 2020, 32229 tons of non bonded cotton and 66178 tons of bonded cotton in Zhangjiagang amounted to 98407 tons. 2294 tons in the area and 2890 tons in the area. Zhangjiagang Port Free Trade Zone has a total stock of 20612 tons of flax: 5340 tons of non bonded flax: 3300 tons of flax staple, 2040 tons of flax, 15272 tons of bonded flax, 5286 tons of flax staple, 9986 tons of flax.

On the afternoon of May 29th, Lanxi held the launching ceremony of the strategic alliance of "textile enterprise red interaction". The alliance is jointly chaired by the Party Working Committee of Lanxi economic development zone and the Party committee of the Lanjiang street. It is the chairman of the 6 leading textile enterprises in accordance with the main business and geographical distribution of the enterprise. It has led 6 industrial groups, and has led to 74 neighboring enterprises. During the event, the two new working committee of the Lanxi Municipal Committee and the Lanxi agricultural and Commercial Bank signed a strategic cooperation agreement to deepen the "red enterprise interaction and help the enterprises develop smoothly and healthfully". The agricultural and commercial behavior of the Lanxi textile industry Party Construction Association has a total credit of 1 billion 500 million yuan, and launched a number of credit products, such as "happy LAN credit", "happy LAN loom loan", "happy LAN stable loan", "happy LAN talent loan" and many other credit products. Textile enterprises at different levels of demand. At the same time, in order to ensure more accurate service, 6 Financial red housekeeper service teams and 6 alliance groups were sent to carry out "one to one" red interaction. At present, the interest rate is 2 million 900 thousand yuan directly for textile enterprises.

On the morning of May 13th, BYD signed a strategic cooperation agreement with HNA Group. The two sides are based on the cooperation basis for the transportation of anti epidemic materials, and intend to create better conditions for the follow-up passenger cargo business and future passenger transport cooperation. The strategic cooperation, on the one hand, will help BYD mask's overseas sales from cost and channel management. On the one hand, it will also play a role of "timely help" for the business development of HNA. Due to the large number of flights stopped during the epidemic, the report shows that HNA's operating income in the first quarter of 2020 was 6 billion 889 million yuan, down 63.03% compared to the same period last year. Net profit loss was 6 billion 295 million yuan, and the situation was not optimistic.

BYD Electronics (International) Co., Ltd. announced in May 26th that public health incidents continued to spread rapidly throughout the world, and the demand for masks at home and abroad was unanticipated. The expected volume of transactions under the supply framework agreement will be higher than the current annual cap of 1 billion 200 million yuan. On the same day, BYD and its controlling shareholder entered into supplementary agreements to expand the types of masks to be supplied, to amend the existing annual cap and to amend the terms of payment. The company proposes to amend the existing annual cap to RMB 12 billion 750 million yuan. According to the financial report, in the first quarter of 2020, BYD electronics achieved a turnover of RMB 8 billion 564 million yuan, a decrease of 17.59% compared to the same period last year, a gross profit of 1 billion 64 million yuan, an increase of 27.08% over the same period last year, and a profit of 657 million yuan for the parent company's equity holders, an increase of 69.44% over the same period last year, and a profit of 0.29 yuan per share. Here, there are also media reports that the first quarter BYD electronic profit of up to 657 million yuan, at least 269 million yuan profit is due to the production of mask products, which shows that in just two months, BYD earned nearly 270 million yuan profit because of selling masks, while BYD sold only 113 million yuan in the first quarter of 2020, which shows that the mask business is more than selling steam. Cars make more money.

The 127th China Import and Export Fair is scheduled to be held online on 15-24 June 2020 for a period of 10 days. The export exhibition is divided into 50 exhibition areas according to 16 categories: electronic and household appliances, lighting, vehicle and accessories, hardware and tools, machinery, building materials, chemical products, energy, consumer goods, gifts, textiles and clothing, footwear, home accessories, office, bags and leisure products, food, medicine and health care. The import exhibition is divided into 6 categories: electronic and household appliances, building materials and hardware, machinery and equipment, food and beverage, household products, fabrics and home textiles. The platform provides all-weather online promotion, acquisition and docking, online negotiation and other functions, mainly including online display docking platform, live marketing, docking and third party platform synchronization activities.

Recently, Fast Retailing, Japan's fast fashion giant Uniqlo, said it will use AIRism underwear to produce masks, and is expected to be released this summer. Fast selling group has not officially entered the mask business before, but was only donated to medical institutions. AIRism fabric has a smooth handle similar to silk. At the same time, Xun marketing group also said that the fabric has the functions of breathability, moisture absorption and perspiration, and its superior air permeability and quick drying performance make the wearer feel more comfortable in summer. As one of the fist products of UNIQLO, the annual sales of underwear for AIRism fabrics is about 100 million, made in factories in China and Southeast Asia. It is reported that some of the company's AIRism fabrics will be converted to masks. As for the price and the specific launch time of the new masks, XXX group will announce it recently. Japan's economic news predicts that the price of this mask may be thousands of yen. (1000 yen is about 66 yuan).

Market curve