Sticky Short Price Holding Market, Will It Fall Again In Mid And Late? Where Is The Weak Price Of Yarn?

Market brief

Foreign media reports suggest that the Sino US trade negotiations have made progress, making the optimism of market trade rekindle. Zheng cotton has gone higher and higher, and the concussion has increased. In December 5th, the number of New Zealand's cotton entering the market was 7000 tons, and the actual turnover was 6760 tons, with a turnover rate of 96.57%. The average transaction price was 13185 yuan / ton, an increase of 39 yuan / ton compared with the previous day, of which 200 tons were in the Xinjiang warehouse and 6560 tons in the inland bank, and 15 stores were sold. Downstream demand is weak, cotton mill yarn is slow, textile enterprises continue to be cautious about purchasing raw cotton, the spot cotton purchase and sale is difficult to change. After the fall of Zheng cotton, the cotton holding enterprises will be reduced to a single unit. Compared with the recent high turnover, the cotton reserve turnover rate has shown a trend of 3 consecutive rise. The Sino US trade relationship is complex and changeable. The market is not strong enough for the market outlook, and the short term spot cotton price is insufficient. It is expected to continue weak trend and focus on Sino US trade negotiations later.

Acrylonitrile prices remain strong and volatile, with factory quotations rising slightly, the supply of goods in the spot market is still tight, intermediaries selling contract orders are the main ones, and speculation is increasing. The focus of spot trading has been gradually explored, and there is no lack of high demand in the market. However, the downstream demand has remained stable and just needed, and the volume of transactions has not been heard. After the restart of the medium and long term maintenance devices, the market supply is still increasing. Acrylic fiber prices remain stable, terminal demand performance is still general, downstream users lack of enthusiasm for raw materials procurement, the market as a whole has changed little. At present, acrylic fiber prices are temporarily located at the bottom of the stage, and raw material acrylonitrile spot prices rebound, acrylic fiber cost surface support is expected to grow stronger, lack of other information guidelines, the market wait-and-see atmosphere is still strong, short term acrylic fiber prices are expected to remain stable.

The Ministry of Commerce held a regular press conference on the 5 day. The spokesman said in response to questions related to Sino US economic and trade negotiations, the Chinese side believes that if the two sides reach the first stage agreement, they should reduce tariffs accordingly. Peak said that the two sides' economic and trade team has maintained close communication, and there is no more details to disclose. Recently, it is reported that China is planning to join CPTPP after the RCEP negotiations are almost over. The Ministry of Commerce spokesman said on the 5 day that as long as the principle of WTO is open, inclusive and transparent, it is conducive to promoting economic globalization and regional economic integration. We all have a positive attitude.

According to the data released by China's cotton notarization inspection network, as at 24 o'clock in December 3, 2019, 911 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 13774802 packages and 3 million 110 thousand and 287 tons. Among them: Xinjiang: 790 processing enterprises, notarization inspection of 13456483 packages, 3 million 38 thousand and 774 tons. Mainland: 121 processing enterprises, notarization inspection of 318319 packages, 71 thousand and 513 tons.

On the afternoon of December 3rd, the China Textile Industry Federation held talks with the Romania ambassador to People's Republic of China in Beijing, and jointly signed the "Bucharest International Textile Exposition cooperation agreement". The Bucharest International Textile Fair is organized by the Textile Trade Promotion Association. It coordinates the textile and apparel supply chain in the central and Eastern Europe with Romania as the coordinate. It has positive significance for promoting the healthy and orderly development of the Romania market, implementing the market diversification strategy and expanding the market in central and Eastern Europe. The Bucharest International Textile Fair will be held in Bucharest International Exhibition Center in October 2020. The two sides will work together to create an international exhibition platform to effectively serve and radiate the supply chain of textile and apparel in the central and Eastern Europe, to promote exchanges between the two countries, and to realize the deep development of Sino Romanian textile industry in the multilateral trade of the global market.

In order to improve the standard system of green manufacturing in China and guide the creation of green factories in an all-round way, the Ministry of industry and information technology (GB/T) has supported 110 industrial research work in the field of green factories, including steel, chemical, nonferrous metals, building materials, machinery, light industry, textile, electronics, shipbuilding, aerospace and rare earth industries, based on the release of the general principles of green plants (GB/T 36132-2018) and industry demand. A few days ago, the green industry evaluation guidelines for electronic information manufacturing industry (SJ/T 11744-2019), the green industry evaluation guideline for steel industry (YB/T 4771-2019), and the green industry evaluation guidelines for textile industry (FZ/T 07004-2019) and other industry standards have been released. The release of the criteria for evaluating green factories in the industry is conducive to further increasing the guidance and standardization of the creation of green factories for industrial enterprises.

In November 2019, Yibin Lin Fen Textile Technology Co., Ltd., Yibin Jinshi new energy materials Co., Ltd. and Yibin Jinshi new Mstar Technology Ltd 3 units, according to the spirit of the Pingshan County Bureau of human resources and Social Security Bureau Pingshan County Finance Bureau on Further Strengthening the employment poverty alleviation policy support measures to help alleviate poverty alleviation measures (screen people 18 [2019]), declared the county's employment poverty alleviation base. After examination, the 3 units met the requirements for identification, and were expected to be identified as our county's employment poverty alleviation base, which is now being publicized. The public notice period is 5 working days, counting from the date of public notice.

Recently, the first phase of the spinning project of Mukawa Kowa Textile Technology Co., Ltd. has been put into operation in the Guangxi textile and garment industry park of Guangxi Town, Shahu County, Lu Chuan County, Guangxi. The first phase of the two phase project is under construction. The commissioning of the project will push Lu Chuan county to speed up the development of tens of billions of textile and garment industrial clusters. Mukawa Kowa textile technology is the 10 largest enterprise in China's textile industry, the member enterprise of Hengfeng group in Dezhou, Shandong. The spinning project of Lu Chuan company started construction in September 28, 2018. It is the first production line of Guangxi's first high-grade differential new cellulosic Siro compact spinning line. The project covers an area of 9.33 hectares, with a total investment of 600 million yuan, a total construction scale of 150 thousand spindles, and an annual output of 25000 tons of differentiated and functional high-end yarn, which can set up 1200 labor force to achieve employment and achieve annual sales of 800 million yuan.

On December 4th -5, the Fifteenth Congress of Tianzhu alliance was held at Dongshan Sands Hotel, Keqiao, Shaoxing. At the same time, the 2019 awards ceremony of the Tianzhu alliance was held in the same period. 58 outstanding works selected from the third "Tianzhu Cup" innovation design contest and 8 outstanding contribution enterprises were commended and rewarded, and 12 friends of Tianzhu alliance were awarded the honorary title of "Tianzhu ambassador". In addition, the product conference of Tianzhu alliance 2020/2021 leading enterprises has completed a visual feast with a high level of enterprise, high-quality exhibits and efficient docking. Nearly 40 booths, more than 200 leading domestic enterprises and overseas textile industry featured enterprises from 9 countries including the United States, Europe, Turkey, Iran, Japan, Korea, India, Pakistan and Indonesia participated in the exhibition. The conference is divided into three themes: "green mission, ingenuity manufacture and quality life". At the same time, the theme is equipped with fashion show, integrating excellent textile fabric and cutting-edge fashion design, linking the upstream and downstream enterprises with the Tianzhu alliance's new global fiber promotion platform, giving full range experience to different needs groups such as manufacturers, purchasers and consumers, and further promoting the integration and development of upstream and downstream industry chains.

Vietnam's textile and Garment Association (VITAS) chairman, December 3rd, in Vietnam's textile and clothing export news conference in 2019, said Vietnam's textile and garment industry increased by nearly 7.55% over the same period this year. The annual export volume is expected to reach US $39 billion, but it failed to reach the target of US $40 billion at the beginning of this year and a year-on-year increase of 10.8%. Vietnam's textile and apparel imports reached 22 billion 380 million US dollars in 2019, an increase of 2.21% over the same period last year, and imports of raw materials amounted to US $19 billion 260 million, an increase of 4.96% over the same period last year. The domestic added value of textile and apparel products reached US $19 billion 730 million, an increase of 10.19%. The trade surplus of US $16 billion 620 million increased by 2 billion 250 million US dollars, an increase of 15.7 percentage points over the same period last year. The United States remains the largest export market for textile and clothing products in Vietnam. Vietnam's exports to the market amounted to 15 billion 200 million US dollars, an increase of 8.9% over the same period last year, accounting for 38.97% of total exports; exports to the EU amounted to US $4 billion 400 million, an increase of 2.23%, accounting for 11.28%; exports to China amounted to 4 billion 250 million US dollars, an increase of 7.05%, accounting for 10.9%; exports to Japan amounted to 4 billion 200 million dollars, an increase of 4.79%, accounting for 4.79%; exports to South Korea amounted to US dollars, growth accounted for, and exports to ASEAN amounted to US dollars, increasing US dollars.

Toray Industries (Inc.), Japan's textile producer, announced the first global porous carbon fiber with nano level continuous pore structure developed in Dongli. Using this fiber as a support layer can reduce the weight of the advanced membrane and make the structure more compact, thereby improving the performance (Note: advanced membrane can be used for separating greenhouse gases and hydrogen production). Dongli will continue to promote the research and development of this new material to promote the carbon cycle, and will work with other companies to develop applications that can continuously develop hydrogen energy. In December this year, Dongli will set up the "R & D innovation center", which will become the global innovation headquarters of the group through cooperation with academic institutions and partners from different industries. In the future, Dongli will seek multilateral cooperation in order to commercialize advanced membranes for gas separation. Dongli hopes to continue its efforts to develop technologies that help solve environmental, resource and energy problems so as to achieve low carbon economy by 2050.

In the face of the prosperity of the second-hand clothing sales platform, some large French groups have looked ahead to business opportunities, hoping to seize a place in the market. According to the Parisian daily, in 2018, the total clothing market in France amounted to 26 billion euros, and secondhand clothing consumed 1 billion euros worth of cake. According to research data from the French Fashion Institute (IFM), nearly 1/3 of French consumers bought second-hand goods this year, compared with 15% in 2010. It can be said that although the second-hand clothing market is still limited in scale, it is booming. According to the current growth rate, the proportion of secondhand goods in French consumer wardrobes is expected to double in 10 years. Reported that consumers buy second-hand clothing is mainly due to economic factors, but environmental awareness and moral considerations also gradually occupy an increasingly important weight.