China US Consultation The Price Of Cotton Increased Significantly? Polyester Short Rise, Yarn Prices Will Follow?

Market description

Affected by the U.S. cotton rose sharply, Zheng cotton shock closed up, recent weather and other news, Zheng cotton or attack 12500, pay attention to the follow-up performance. The performance of lint spot market is still flat, the quotation is stable, and the downstream yarn orders are still in general, whether domestic demand or external unilateral. Therefore, we maintain a rigid demand for raw cotton procurement. Although we are trapped in the epidemic situation, the speed of cotton outbound transportation slows down, and the lint supply in the mainland market is gradually reduced, the supply of Xinjiang cotton, rotation resources and port resources in the mainland is still weak In terms of new cotton, the mainland is only one month or so away from the listing of new cotton, it still needs to pay attention to the rain situation during the boll opening period, and Xinjiang cotton will still take one and a half months to go on the market. It is expected that the epidemic will have little impact on the production of new cotton, but it still needs to pay attention to the later stage The development of the epidemic situation, in addition, the recent market rumors about the import of cotton reserves, and other news that China and the United States may hold a high-level economic and trade consultation on August 15, which needs careful response and sustained attention of textile industry.

On August 6, 9122.5312 tons of sales resources were sold by the reserved cotton wheel, and the actual transaction volume was 9122.5312 tons, with a transaction rate of 100%. The average transaction price was 11634 yuan / ton, 9 yuan / ton higher than the previous day, or 13008 yuan / ton at 3128 yuan / ton, 27 yuan / ton higher than the previous day. The price of Xinjiang cotton fell by 13.59 yuan / ton from the previous day's SGD 1312 / ton, down 13.59 yuan / ton from the previous day. The average transaction price of real estate cotton was 11458 yuan / ton, which was 77 yuan / ton higher than the previous day. The price of 3128 yuan / ton of real estate cotton was 12859 yuan / ton, which was 246 yuan / ton higher than that of the previous day. The price increase of real estate cotton was 1008 yuan / ton. From July 1 to August 6, the total transaction volume was 224892.9097 tons, with a turnover rate of 100%.

The market price of acrylonitrile tends to be stable, the supply is sufficient, and the market continues to push up. The middlemen operate with the market, and the market transaction is average. However, the price of raw material propylene fluctuates little. Under the pressure of cost, the acrylonitrile factory keeps up the price mentality. However, the growth space of downstream demand is limited, and the market fundamentals will still show a weak balance It is expected that the price of acrylonitrile will stabilize and consolidate in recent days, and pay attention to the recovery of downstream demand. The market price of acrylic staple fiber has been stabilized for the time being, and the fundamentals have not changed temporarily. The operating load of acrylic fiber manufacturers remains at a high level in the same period, the production and sales are fair, the inventory is not under pressure, the price of raw material acrylonitrile continues to be high and firm, and the downstream demand shows no obvious improvement. The market outlook of the industry continues. It is expected that the acrylic fiber market will continue to be stable in the near future.

From January to June, the industrial added value of Enterprises above Designated Size in China's textile industry decreased by 6.7% year-on-year, 9.8% lower than that in the first quarter. Driven by the surge in demand for epidemic prevention materials, the industrial value-added of textile manufacturing industry showed a rapid growth of 57.8%. In June, the year-on-year growth rate was as high as 80.7%. From January to June, the output of chemical fiber, yarn, cloth and clothing decreased by 1.0%, 15.8%, 25.9% and 13.7% respectively. From January to June, the retail sales of clothing, footwear, knitwear and textiles of units above the national quota reached 512 billion yuan, a year-on-year decrease of 19.6%, 3.9 percentage points lower than that of January may. The retail sales of online wear goods decreased by 2.9% year on year. From January to June, China's textile and clothing exports reached US $125.19 billion, a year-on-year increase of 3.2%, with a growth rate of 20.9 percentage points higher than that of the first quarter. Among them, due to the rapid growth in the export of anti epidemic textiles such as masks, the export of textiles reached 74.1 billion US dollars, an increase of 27.8% over the same period of last year. However, the export of clothing was greatly affected by the overseas epidemic situation, with the export of clothing reaching 51.08 billion US dollars, a year-on-year decrease of 19.4%. From January to June, the operating revenue of textile enterprises above Designated Size reached 1926.07 billion yuan, a year-on-year decrease of 16.4%; the total profit was 73.1 billion yuan, a year-on-year decrease of 19%. The profit margin of operating revenue was 3.8%, 1.2 percentage points higher than that in the first quarter.

In order to promote the R & D, application and promotion of green technology and environmental protection equipment in the textile industry, and support the construction of ecological civilization and high-quality economic development of the industry, the environmental protection and Assets Supervision Committee of China Textile Industry Federation plans to carry out the declaration and recommendation of relevant technologies and equipment in the industry. For the application scope, conditions and requirements of the green technology and environmental protection equipment, please refer to the notice on organizing and recommending green technology (fgbhz [2020] No. 493) issued by the national development and Reform Commission and the notice on organizing and developing the recommendation work of < catalogue of major environmental protection technology and equipment encouraged by the state (2020 version) > issued by the Ministry of industry and information technology (MIIT) There are two documents (Appendix 1 and Appendix 2). Units applying for "green technology" shall send the paper version (in duplicate) and electronic version (to be engraved with CD) materials to the environment and Resources Supervision Committee of China Textile Federation before August 12, 2020. Units applying for the "catalogue of major environmental protection technology and equipment encouraged by the state" shall send the paper version (in duplicate) and electronic version to the environmental protection and Assets Supervision Committee of China Textile Federation before August 26, 2020.

According to the notice of the general office of the people's Government of the autonomous region on printing and distributing the Interim Administrative Measures for the publicity of the processing enterprises of cotton target price reform in the autonomous region and the Interim Administrative Measures for the credit management evaluation of the cotton processing enterprises in the autonomous region (xzbh [2017] No. 200), and in combination with the identification report on the bad behavior of cotton processing enterprises in the region submitted by all localities (prefectures and cities), Now, the second batch of bad behavior list of credit management evaluation of cotton processing enterprises in the autonomous region in 2019 will be published for 15 days. During the publicity period, if the cotton processing enterprises have any objection to the publicity results, they can report to the local development and Reform Commission in accordance with the relevant provisions in the document [2017] No. 200, and submit the registration form for credit management evaluation of cotton processing enterprises. The five enterprises are: Bazhou yidianshui Cotton Industry Co., Ltd., bixibage ginning plant of Kuqa Qiuci Seed Industry Co., Ltd., Wanxin Cotton Industry Co., Ltd., Kashi shennongfeng Cotton Industry Co., Ltd., and Xinjiang Mufeng Home Textile Co., Ltd.

According to the official website of the Ministry of industry and information technology, the Ministry of industry and information technology, together with the Ministry of water resources, the national development and Reform Commission and the General Administration of market supervision, has recently organized the selection of water efficiency leaders for key water using enterprises. Recommended by local and industry associations and reviewed by experts, 30 enterprises in 10 major industries, including steel, petroleum refining, modern coal chemical industry, ethylene, chlor alkali, nitrogen fertilizer, papermaking, textile dyeing and finishing, chemical fiber filament weaving, beer industry, etc., have been selected. Among them, five enterprises in the textile field are Zhejiang Shengfa textile printing and dyeing Co., Ltd., Huzhou naniya Industrial Co., Ltd., Lutai Textile Co., Ltd., Guangdong Yida Textile Co., Ltd., and Zibo Bashan Weaving Co., Ltd. in the chemical fiber filament weaving industry. The publicity time is up to August 17, 2020.

In order to implement the water control policy of "water saving priority" in the new period, support the construction practice of national water-saving society, and encourage key water using enterprises to strengthen water management, the environmental protection and resource conservation Promotion Committee of China Textile Federation organized and carried out the declaration work of "water saving enterprises in textile industry in 2020" based on the principle of promoting water saving and improving water efficiency. After strict screening, expert review and list publicity, 10 water-saving textile enterprises were selected. They are: Huzhou naniya Industrial Co., Ltd., Zhejiang Shengfa textile printing and dyeing Co., Ltd., Fujian Xiangxing Textile Technology Co., Ltd., Zhejiang Furun printing and dyeing Co., Ltd., Huafang Co., Ltd., Zibo Bashan Weaving Co., Ltd., Fujian Baichuan Resources Recycling Technology Co., Ltd., Shandong Yamei Technology Co., Ltd., Shandong Yinying Chemical Fiber Co., Ltd., Xinjiang Zhongtai Textile Group Co., Ltd.

On the evening of August 5, in response to the regulatory inquiry letter previously issued by the Shanghai Stock Exchange, Zhuolang intelligent issued a reply announcement, answering four questions about the company's operation situation, the company's capital situation, the related funds flow and the pledge status of controlling shareholders, and admitted that the company was facing multiple operational pressures. According to the financial report, the business income of Zhuo Yuan decreased by 75% in 2019. Among them, the income of India market was 623 million yuan, a year-on-year decrease of 32.7%; the income of Turkey market was 287 million yuan, a year-on-year decrease of 67.4%; the income of Europe, Africa and other markets was 518 million yuan, a year-on-year decrease of 29.8%. Zhuolang intelligence explained in the reply announcement that Turkey had a temporary market weakness in 2019, which was mainly due to the large fluctuation of the domestic currency exchange rate, leading to the stagnation of a large number of spinning investment projects; the income decline in the Indian market was mainly due to the low demand for new investment caused by local political and economic uncertainty since the second half of 2018.

Recently, the global textile company Lenzing group released financial data for the first half of 2020, showing that: affected by the new crown epidemic, its revenue in the first half of 2020 has declined. Revenue in the first half of 2020 fell 25.6% to 810.2 million euros from 1.09 billion euros in the same period last year. In addition to the price effect, the demand for fiber in the medical and health sector increased slightly. Although the loss was offset, it could not be fully compensated. However, the Lenzing group has mitigated this negative impact by implementing measures to improve structural income in all regions and using the model of shortening working hours temporarily adopted by the Austrian federal government. In the first half of 2020, its EBITDA (earnings before interest, tax, depreciation and amortization) decreased by 46.6% to EUR 96.7 million. EBITDA's profit margin fell from 16.6% to 11.9%. Net profit for the quarter was EUR 1.5 million, compared with EUR 78.8 million in the same period last year, with earnings per share of EUR 0.06, compared with EUR 2.97 in the first half of 2019.

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