Guangdong'S Industrial Aid To Xinjiang Invested Nearly 4 Billion Yuan In Textile Projects.

Market operation

1, cotton prices continue to warm up

With the signing of the China trade negotiations more and more clear, the market is expected to improve, confidence has been restored, the global cotton market has seen a rebound, especially in the domestic market reaction is more intense.

Zhengzhou cotton futures contract settlement price of 13050 yuan / ton, compared with October 25th rose 305 yuan / ton, or 2.39%; representing the mainland standard grade lint sales national cotton price B index 12999, compared with October 25th increased 208 yuan / ton, or 1.63%; representing the import cotton China's main port average price of the international cotton index (M) offer 76.08 cents / pound, under the 1% tariff, the conversion price of RMB is 13263 yuan / ton, compared with October 25th, 32 yuan / ton, or 0.24%.

2. Polyester staple fell slightly.

The prosperity of the cotton market has not been able to drive the rise of PET staple fibers. Polyester raw material PTA continued to explore last week, the overall demand for Fundamentals is more pessimistic. Downstream procurement prudent, polyester staple prices are mostly down slightly. Last week, the price of five polyester staple fiber was 6980 yuan / ton, down 10 yuan / ton compared with October 25th.

3, viscose staple demand weak

At the end of October, viscose manufacturers left the market to boost prices, but there was a clear lack of demand side support. Last week, prices dropped sharply, and prices fell to the level of early October. Last Friday, it closed at 10720 yuan / ton, down 290 yuan / ton compared with October 25th. The manufacturers made profit talks, traders sold at low prices, and the middle end viscose price was 10600-10700 yuan / ton and the high-end 10800-10900 yuan / ton.

4, yarn prices are mixed.

Last week, domestic cotton yarn was stable, the price of pure cotton yarn steadily increased; the rise of international cotton prices led to a slight rise in international cotton yarn prices; the price advantage of domestic yarn was obvious, and the average price of conventional domestic yarn was 886 yuan / ton lower than that of foreign yarn.

The import yarn index remained stable, up 4 yuan / ton compared with October 25th. Sales of combed yarn, JC32S and above combed yarn of 40S and above in India, Vietnam, Uzbekistan and other places continued to be weak and the market was low. Polyester yarn and viscose yarn are still weak and prices are falling slightly.

In November 1st, the domestic market of pure cotton yarn 32S quoted 21130 yuan / ton, up 10 yuan / ton compared with October 25th price; the domestic market pure polyester yarn 32S quoted price 11630 yuan / ton, compared with October 25th price fell 40 yuan / ton; the domestic market human cotton yarn 30S quoted price 15710 yuan / ton, compared with October 18th price fell 70 yuan / ton.

Economy and industry operation

1, October Manufacturing Purchasing Managers Index (PMI) 49.3%

In October 2019, China's Manufacturing Purchasing Managers Index (PMI) was 49.3%, down 0.5 percentage points from last month.

From the scale of enterprises, the PMI of large enterprises is 49.9%, down 0.9 percentage points from last month; PMI of medium-sized enterprises is 49%, higher than that of last month 0.4 percentage points; small enterprises PMI is 47.9%, lower than 0.9 percentage points of last month.

According to the classification index, production index and supplier delivery time index are higher than the critical point in the 5 classification indices of manufacturing PMI. The new order index, raw material inventory index and employment index are below the critical point.

From 2 to 1 to September, profits of Industrial Enterprises above Designated Size dropped by 2.1%.

From 1 to September, the total profit of Industrial Enterprises above Designated Size reached 4 trillion and 593 billion 350 million yuan, down 2.1% from the same period last year, a decrease of 0.4 percentage points from 1 to August. From 1 to September, the total profit of the mining industry amounted to 427 billion 940 million yuan, up 3.1% over the same period last year. The total profit of the manufacturing industry was 3 trillion and 790 billion 420 million yuan, a decrease of 3.9%, and the total profit of electricity, heat, gas and water production and supply reached 374 billion 990 million yuan, an increase of 12.3%.

From 1 to September, in 41 industrial sectors, the total profit of 30 industries increased year by year, and 11 industries decreased, with the textile industry decreasing by 4.3%

3. In the first three quarters of 2019, the overall operation of the textile industry remained stable.

In the first three quarters of 2019, textile production, domestic sales, exports, and other indicators rose and fell, and the overall operation remained stable.

Production is steady and steady. From 1 to September, the industrial added value of textile enterprises above designated size increased by 2.9% over the same period last year, and the growth rate was flat compared with the same period last year. Among them, the added value of chemical fiber industry increased by 12.3% compared to the same period last year, and the added value of clothing and industrial textile industry increased by 1.6% and 7.4% respectively over the same period.

Domestic sales continued to grow. From 1 to September, the retail sales of clothing, shoes and hats and needle textiles were above 947 billion 900 million yuan, an increase of 3.3% over the same period last year. The retail sales of apparel products nationwide increased by 18.6% over the same period last year, and the two digit growth rate continued to grow.

Exports have declined. 1 - September, China's textile and apparel exports amounted to US $201 billion 950 million, down 2.7% from the same period last year. Among them, the export volume of textiles decreased by 0.1% compared with the same period last year, and the export volume of clothing decreased by 4.7% compared with the same period last year. The export volume to emerging markets such as Africa increased by 8.5% over the same period last year.

The benefits are basically stable. From 1 to August, the National Textile Enterprises above Designated Size achieved operating income of 3 trillion and 306 billion 490 million yuan, an increase of 1.9% over the same period last year, and realized a total profit of 138 billion 750 million yuan, a decrease of 7% compared with the same period last year, and the operating income margin was 4.2%.

4, Pakistan cotton demand increased cotton yarn prices remain stable

In recent weeks, cotton prices continued to rise in Pakistan, and cotton mills were rushing to buy high-grade cotton, but they could not synchronously raise the price of yarn, resulting in shrinking profits.

It is reported that the demand for Pakistan downstream is very strong recently. The cotton mill is actively buying high quality cotton and ordering a large number of American cotton and Brazil cotton. Affected by that, the spot price index of Pakistan Karachi jumped 2.75% to 9350 rupees / Maud. With the surge in demand for cotton, sales of BCI cotton and organic cotton increased significantly.

At the same time, Pakistan cotton yarn prices vary. Although the cost of cotton has increased, the export price of Pakistan's cotton yarn has not changed due to the stronger rupee exchange rate.

5, India cotton production increased greatly, cotton yarn export price stability

Judging from this year, cotton production in India is undoubtedly high, and all sides are optimistic about output. Cotton production is expected to grow by 20% this year, the highest in nearly 5 years. However, despite the high yield of cotton in India this year, the government still hopes to raise the price of cotton. It is estimated that the cotton prices in India will remain firm this year. Cotton imports will remain high because of the fact that the domestic cotton is much mixed with no long staple cotton.

Nearly four weeks ago, India's domestic cotton yarn prices fell 2.3%, polyester viscose yarn prices fell 3.3%, most of the quotations year-on-year decline over 2 digits. 30 combed yarn dropped 12.6%, 40 combed yarn dropped 13.7%. But in the same period, India's yarn export prices remained relatively stable.

Industry policies and trends

1, China and the US are expected to sign the first stage of trade agreement in November.

On the evening of November 1st, the CPC Central Committee Political Bureau member, the vice premier of the State Council, and the Chinese leader of the Sino US comprehensive economic dialogue, Liu He, spoke with the US trade representative, Mr. lettchet, and finance minister Mnuchin. The two sides made serious and constructive discussions on the proper solution of their core concerns and reached a principled consensus. The two sides discussed the next negotiation arrangement.

2, Lanxi textile industry gathering area research report released

A few days ago, the Zhejiang Textile Research Institute led the preparation of the "Lanxi textile industry gathering area Research Report" released.

The survey report points out that the textile industry in Lanxi is an important part of Lanxi's traditional industries and Lanxi's rich industries. However, in recent years, the problems of Lanxi's textile industry's lack of innovation capability, the lack of brand influence, the dispersion of industrial chain structure and the difficulty in recruiting workers have gradually emerged.

In view of the short board of Lanxi's textile industry, the research report put forward four suggestions and suggestions from the following aspects: "optimizing industrial structure, enhancing market competitiveness", "emphasizing brand building, improving product value added", "strengthening personnel team building, improving the quality of talents", "strengthening standards awareness, and upgrading the brand image of Lanxi textile". In order to speed up the development of Lanxi's textile quality, enhance its competitiveness and modernize it,

3, Guangdong's industrial aid to Xinjiang invested nearly 4 billion yuan in textile projects.

The total investment of Xinjiang East pure Hing Textile Group is nearly 4 billion yuan, and its 1 million ingot project will be completed and put into operation by June next year, which will provide more than 5000 jobs.

From 1 to September this year, the first two phases of East Chun Hing produced a total of 54 thousand and 800 tons of finished products, with a total sales of 989 million yuan (excluding tax), an average production and sales rate of over 86%, a sales return rate of 100%, and three cumulative sales of the trial production amount of 265 million yuan, and the annual output value will reach 1 billion 250 million yuan after completion.

The annual production capacity of the whole project is 1 million spindles, and Dongguan East real group is a major shareholder in the industry. At present, a total of 600 thousand spindles in the first and two phases have been fully produced, and three phases of 400 thousand spindles have also entered into the trial production stage, and 4370 employees have been settled, of which 72% of the minority employees are employed.

The 4 and third China Textile heritage conference was held in Kunming.

The third China Textile intangible cultural heritage conference was held on 2-3 November in Kunming, Yunnan, with the theme of "opening up a new era of textile heritage development". The current China Textile intangible cultural heritage conference is sponsored by the China Textile Industry Federation, jointly organized by the China Textile Industry Federation, the China Textile Alliance News Center, the Yunnan Kunming Institute, the first Kunming business department, and the first innovation development platform.

As a benchmark meeting for the industry to fulfill its social responsibilities and inherit traditional culture, it is conducive to the implementation of the revitalization plan of the national traditional technology, the integration of literature and tourism and the promotion of consumption upgrading. The 3 day conference will promote the inheritance, development and innovation of textile intangible cultural heritage through keynote speeches, seminars, exhibitions and experiences.

Four, production is expected to increase, oil prices will fall first and then rise.

Last week crude oil prices first fell and then rose. In the early days of the week, low expectations for crude oil demand made it possible for the OPEC and its non OPEC allies to expand production in December.

The Vice Minister of energy said that it is too early to discuss the expansion of production cuts, which has hit the bull's confidence in crude oil. In addition, the new US EIA crude oil inventories rose again, and crude oil output remained at a high level, increasing the downward pressure on oil prices.

Subsequently, Sino US trade relations were further eased. The two sides agreed to properly resolve their core concerns and confirmed that the technical consultation on some texts was basically completed. Market analysts said that if China and the United States could implement some of the "first stage" agreement, they would effectively improve the risk sentiment of the market; on the other hand, it was pointed out that OPEC would deepen its production cuts in December, and oil prices rose sharply on Friday.

Five, the US dollar fell by a record, and the RMB approached the 7.04 pass.

The US dollar index closed in October, the biggest monthly decline in 22 months. In November 1st, the central parity of RMB against the US dollar was quoted at 7.0437 yuan, up 96 basis points, rising for 4 consecutive trading days, reaching a new high since August 22nd. In the future, the RMB exchange rate against the US dollar may still have room for growth.

A researcher at the Bank of China International Financial Research Institute said that the Federal Reserve is currently in the interest rate cutting channel, and has recently launched the national debt purchase plan again, and monetary policy is loose again. China's monetary policy remains stable, supporting the RMB exchange rate. The renminbi is expected to enter a strong process in the future.