Acrylonitrile Frying Continues, Acrylic Fiber Prices Temporarily Stranded, Why Do Viscose Still Have New Low Expectations?

Market brief

Zheng cotton shock consolidation, short cut slightly, the market lacks information guidelines, Zhengzheng cotton is expected to maintain regional shocks. Sentiment dominated, lint processing increased steadily, and downstream demand remained warm, lint trading volume was at a low level, and the price of the cotton mill was gradually showing up. The price performance of the linen plant was still relatively strong, but the price of the spot price of the traders decreased slightly with the demand of the market. The short term replenishment still maintained a cautious mentality, and the new cotton sales pressure was difficult to alleviate at the moment. Today, the official rotation of cotton reserves has a certain boost effect on cotton price stabilization, but the situation of short term lint oversupply will not change. To a certain extent, this will restrict the cotton price rising space. It is expected that the short-term cotton prices will be stable and the market will be stable. Spot cotton price stabilization, market view

At the beginning of the month, the market of acrylonitrile market was relatively tight, and the market was still on the up and up. There was no lack of high price in the market. The market was cautious, and the offer was stable. The business was limited, and the market was guided by new information. The demand for the terminal was generally low. The downstream factories just needed to receive the goods. The market demand was hard to come up with good news. But the price has been close to the cost line of the factory, the cost is supported or gradually strengthened. Under the tight supply situation, it is expected that the short-term acrylonitrile price will be stabilized. Acrylic fiber prices remain stable, terminal demand performance is generally, and raw materials acrylonitrile prices are weak and volatile, acrylic fiber cost support weakened, the market sees air atmosphere diffuse, downstream purchasing enthusiasm is deficient, acrylic fiber factory production and marketing rhythm is temperate, acrylic fiber manufacturers plan to lower prices, but upstream raw material acrylonitrile is increasing, the expected price of acrylic fiber in the beginning of the month is stable.

According to the data released by China's cotton notarization inspection network, as at 24 o'clock in November 28, 2019, 904 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 12440587 packages and 2 million 809 thousand and 345 tons. A total of 785 Xinjiang, the inspection volume of 12151128 packets, 2 million 744 thousand and 304 tons; 119 mainland, the inspection volume of 289459 packages, 65 thousand and 41 tons.

China Cotton Reserve Management Co., Ltd. issued a notice on the completion of the super permissible compensation as soon as possible 28: since 2016, part of the public inspection out of storage cotton exceeded the allowable difference standard. In 2018, according to the requirements of the joint meeting of the national development and Reform Commission, according to the criterion of super tolerance, the Beijing cotton Arbitration Commission ([2018]) was awarded the 0591 Party's arbitration award. After deducting the scope of reasonable allowances, the amount of compensation for the cotton exceeded the allowable cotton allowance of each storage enterprise was calculated, and the compensation agreement was issued one by one. At present, most of the storage and storage enterprises have signed the agreement and paid the compensation according to the principle of good faith management and friendly negotiation with the China cotton storage company. In order to speed up the compensation progress of super tolerance cotton reserves, complete the task of national delivery and ensure the loss of state assets, enterprises that fail to sign the agreement and do not pay compensation are required to complete the compensation work by December 31, 2019. Otherwise, it will cancel its 2019 annual participation in the central reserve cotton rotation.

In November 27th, the 2019 China knitting intelligent manufacturing site conference was held in Xintai. Knitting units from all over the country represent a total of more than 300 ginseng societies. The theme of this conference is "facing the new era - innovation, sharing and development". We invite distinguished guests, distinguished experts, scholars and excellent entrepreneurs to interpret the macroeconomic situation, analyze the changes in the industrial environment, brainstorm ideas, and explore ways of win-win cooperation, pragmatic innovation and high quality development. Textile industry is a traditional dominant industry in Tai'an. It is also the key to upgrading the old and new energy conversion industries. In recent years, Tai'an has formed an industrial system that integrates silk spinning, wool spinning, cotton spinning, linen spinning, printing and dyeing, knitting, clothing and intelligent equipment manufacturing. As of the end of last year, Tai'an's textile enterprises above Designated Size reached 148, and realized operating income of 11 billion yuan. Xintai is Tai'an's "first textile and garment industrial cluster" and the key textile and garment industrial base of Shandong province. It plans two industrial areas, namely, the dyeing and finishing weaving industry and the weaving industrial town development area, with a planned area of more than 8000 mu. At present, there are 44 textile and garment enterprises above Designated Size in Xintai, covering 12 categories, such as spinning, weaving, printing and dyeing, textile machinery, textile chemical raw materials, knitted garments and so on.

According to the news of China Railway Urumqi Bureau Group Co., Ltd. (Urumqi Bureau Group Corporation), the current preferential policies for railway freight rates remain unchanged in December, and 60 tons of box cars float down 20% and 70 tons of box cars float 30%.

On the 28 day, the State Council issued the guiding opinions on promoting the development of high quality trade, and put forward that it will actively expand imports, and further reduce import tariffs and institutional costs in a timely manner, so as to stimulate import potential. We should promote the reduction of non-tariff barriers, enhance the transparency of technical trade measures and enhance the level of trade and investment facilitation. In optimizing the import structure, we will expand imports of advanced technology, equipment and parts, encourage imports of resource products that are needed at home, support imports of consumer goods, medicine and rehabilitation, and provide for the elderly, and promote import and export of products, such as R & D, energy conservation, environmental protection and environmental services. In addition, China will continue to urge relevant countries to relax export control over China. Establishing export control compliance system. Improve the foreign trade investigation system. Improve the early warning system of industrial damage. Properly deal with trade frictions. Enhance the ability and level of applying trade remedy rules. Study on the establishment of trade adjustment assistance system. Strengthen risk monitoring, analysis and early warning, and guide enterprises to prevent risks.

In November 26th, the United States Trade Representative Office (USTR) announced the fifth batch of 200 billion dollar products under the list of Customs products, excluding 32 products, excluding textile and clothing products. Up to now, the United States has issued 5 batches of 200 billion product exclusion lists, of which only the first four involved textile and clothing products, a total of 15 tax numbers.

According to the proposal submitted by France and Sweden, the European Chemicals Administration (ECHA) launched a public consultation on the proposal to restrict the delivery of textiles, leather, skins and fur products containing skin sensitive substances on the market. The proposed restrictions cover substances classified as skin sensitizers in Category 1 or 1A or 1B of annex VI of the CLP code. The assessment period is before December 19, 2019. The proposals relate to the following products: any clothing and related accessories and clothing other than clothing, such as sheets, blankets, blankets, upholstery (fabric covered chairs, armchairs and sofas, car seats, etc.) under normal or reasonably foreseeable use conditions, including cushion covers, bathrobes, towels, reusable diapers and sanitary napkins, sleeping bags, yarn and fabrics for the end consumer, bags (such as handbags, backpacks, briefcases), carpets, Mats and carpets, fashion accessories (such as watch bands, necklaces, bracelets, etc.) and footwear (including the insole).

All the Pakistan Textile Mills Association (APTMA) urged the government to restore the zero tariff system in the textile industry because it failed to fulfil its promise to pay a quick refund. President APTMA expressed his appreciation to the State Bank of Pakistan for raising the export loan quota by 100 billion rupees at a news conference held at APTMA's home. These measures will certainly help promote the country's exports. However, he said that the timely payment of the refund requirement remains a major problem and needs to be addressed first. He added: "exporters are disappointed with the performance of the federal tax office's new automatic sales tax (FASTER) system, because FBR's immediate release of the exporter's request for a refund request has not yet been fulfilled." Although FBR promised to pay business tax rebate within 72 hours after filing a claim, billions of rupees' exporters are still in trouble because of a refund of business tax. Owing to the delay in refund, exporters are facing financial difficulties and unable to procure raw materials for manufacturing export products. "In this case, the best option is to support export oriented industries, restore the zero tax system, and impose sales tax on local sales. If the government fails to restore the zero tax system, exporters will not be able to pay business tax designed to ensure payment to their workers in time. "

The Ministry of industry and infrastructure development of Kazakhstan announced that in 2019 1-10, the output value of light industry in Kazakhstan reached 87 billion 500 million (225 million US dollars), an increase of 18.9% over the same period last year, of which textile production increased by 23.7% compared to the same period last year, and the apparel industry grew 7.5%. At present, light industry has become one of the priority development directions Kazakhstan government attaches great importance to. Kazakhstan light industry mainly consists of three sub sectors: Textile ratio 52%, clothing 38%, leather and its products 10%. As of the beginning of September 2019, there were 1030 light industrial enterprises in Kazakhstan, employing about 11 thousand people, mainly producing clothing, footwear, cotton yarn, fabrics, carpets, leather and so on.