Viscose Staple Fiber Prices Rebound Fujian Jinyuan 300 Thousand High-End Spinning Project Settled In Yibin, Sichuan

I. market quotation

　　 1, domestic cotton prices continue to rise

Last week, a spokesman for the Ministry of Commerce said that the Chinese representative would go to the United States to sign a trade agreement. The conflict between the United States and Iran was lifted, and the tension in the market eased. The national cotton price B index, representing mainland standard grade lint sales, was 13823, up 204 yuan / ton compared with January 3rd, or 1.50%. The settlement price of Zhengzhou cotton futures contract was 14300 yuan / ton, up 265 yuan / ton compared with January 3rd, or 1.89%.

2, the expansion of international cotton prices

Last week this week, the conflict between the US and Iraq cooled, the risk aversion of international financial markets subsided, crude oil prices plunged, international cotton futures stubbornly rose, and international cotton spot gains expanded. The international cotton index (M), which represents the average price of the Chinese main port on the import cotton, is 80.28 cents / pound. The price of RMB converted to RMB 1% yuan is 13833 yuan / ton, representing an increase of 177 yuan / ton, or 1.30%, compared with January 3rd.

3. Polyester staple fiber keeps steady.

Last week, the staple fiber staple manufacturer's quotation was stable and the trading atmosphere was relatively light. The mainstream of Jiangsu and Zhejiang 1.4D quoted 7100-7260 yuan / ton, or 6950-7100 yuan / ton. Recently, the crude oil market is fluctuating fiercely. PET staple price index closed at 6980 yuan / ton on Friday, up 80 yuan / ton compared with January 3rd, or 1.16%.

4, viscose staple fiber rebound in the short term

Last week, the viscose staple factory was pulled up before the Spring Festival, but the time was short, the market was difficult to respond, and the recent new plant capacity was released. This part of the output was put into the market, resulting in negative impact on the market, so there was little rebound. At present, the price of mid end viscose staple fiber is 9500-9700 yuan / ton, and the price of high-end viscose staple fiber is 9700-9800 yuan / ton. Last Friday, viscose staple fiber price index closed at 9600 yuan / ton, up 100 yuan / ton compared with January 3rd, or 1.05%

5, domestic and foreign cotton yarn trend differentiation, human cotton yarn fell slightly

Last week, domestic cotton yarn stabilized moderately strong, prices rose slightly, cotton 32S closed at 20725 yuan / ton, up 25 yuan / ton, cotton yarn price dropped, conventional yarn price was higher than domestic yarn 290 yuan / ton, the price difference narrowed. 30S cotton yarn failed to rebound steadily, with a slight drop of 40 yuan / ton, closing at 14640 yuan / ton, 32S polyester yarn price stable, unchanged from the previous price, and it closed at 11335 yuan / ton on Friday. Recently, the "warm wind" has not been effectively transmitted to grey cloth, and the price of grey cloth is still not obvious.

Two, the operation of the industry

1, in December, consumer prices rose 4.5% compared with the same period last year, and the producer prices of industrial producers fell by 0.5% over the same period last year.

In December, the price of food and alcoholic drinks increased by 12.9% over the same period last year, affecting the CPI (consumer price index) by an increase of about 3.82 percentage points. Pork prices rose by 97% in food, 10.8% in fresh vegetables, 6.2% in eggs, 1.3% in aquatic products, 0.6% in food prices, and 8% in fresh fruit prices.

The other seven categories of prices rose six over the same period. Other items and services, health care, education, culture and entertainment prices rose by 4.4%, 2.1% and 1.8% respectively, while clothing, housing, daily necessities and services prices rose by 0.8%, 0.5% and 0.4% respectively, while traffic and communications prices fell 0.7%.

Producer prices fell by 1.2% over the same period last year, and the decline was narrowed by 1.3 percentage points from last month. Among them, the price of raw material industry decreased by 2.6%, and the price of processing industry dropped by 0.9%. The price of living goods rose by 1.3% over the same period last year, or 0.3 percentage points lower than last month. Among them, food prices rose by 5%, clothing prices fell by 0.1%, general commodity prices rose 0.1%, and durable consumer goods prices dropped by 2.4%.

2, cotton production increased slightly in 2019/2020.

According to statistics from relevant agencies, as of January, 8 Japan's annual total processing capacity of Xinjiang cotton increased by 4 million 867 thousand and 900 tons, an increase of 0.7% over the same period last year. Considering that more than 100 processing enterprises have not yet completed the cotton processing this year, there are still sporadic cotton farmers who have not completed the sale of seed cotton, raising cotton production from 60 thousand tons to 5 million 50 thousand tons in Xinjiang, and slightly reducing the output of a certain province in the mainland, and the total output of cotton in the whole country is 5 million 630 thousand tons after adjustment. On the import side, as of the end of November, China's total imports of 260 thousand tons of cotton in the current year decreased by 32% compared with the same period last year. Recently, foreign media said that the first stage agreement between China and the United States on the 15 th of this month will contain 200 thousand tons of cotton and cotton, but the specific situation is not yet clear, and the annual import volume of 1 million 850 thousand tons is expected to remain unchanged. Accordingly, the total supply is increased by 60 thousand tons to 12 million 910 thousand tons.

In terms of aggregate demand, with the signing of the first stage agreement between China and the United States, the Sino US economic and trade situation has eased, and the downstream sentiment has slightly improved. However, in 2020, the uncertainties in the international economic and trade and political situation are still large. The macroeconomic environment is complicated. Whether textile and garment exports can improve fundamentally, we need to further clarify the situation and maintain the expected annual cotton spinning consumption of 7 million 720 thousand tons. Other consumption and exports remained unchanged at 500 thousand tons and 40 thousand tons. Accordingly, aggregate demand remains unchanged at 8 million 260 thousand tons.

On the basis of the above adjustment, the final inventory will be raised from 60 thousand tons to 4 million 650 thousand tons.

3, Anhui textile enterprises have not yet sold cotton yarn sales.

The Spring Festival is drawing near. By investigating and investigating textile enterprises of different sizes in Anhui Province, there is no phenomenon that the textile mills are having early holidays. In view of the current sales of cotton yarn, most textile mills will insist on normal production. The Spring Festival long holidays will not start until the end of the twelfth month of the lunar year.

The price of 40 pure cotton yarn is 21800 yuan / ton, the price is stable, the sales progress is fast, and there is almost no stock. Another production of polyester cotton yarn manufacturers feedback, 40 polyester cotton yarn sold for 19000 yuan / ton, 21 polyester cotton yarn sold for 16500 yuan / ton, the price and not changed a month ago, but the recent sales improved significantly, 1 days of sales is equivalent to 2 days of production. The smooth sales of cotton yarn also reduced the storage level in the past 2 months to 1 months.

Compared to the above 2 textile mills selling price increase steadily, a small textile mill not only sells fast cotton yarn, but also has a rise in selling price. At present, 40 pure cotton yarns are sold to 20900 yuan / ton, and 32 pure cotton yarn is sold to 19800 yuan / ton, and sales price has increased 100-200 yuan / ton before half a month ago.

4, Pakistan cotton yarn prices remain strong

In recent weeks, Pakistan cotton yarn prices have been strong, cotton prices have been stable by the price of chemical fiber, the price of cotton yarn varies, and the cotton market has obviously recovered.

During the week, 60 Combed Yarns in Pakistan increased by 3%, mainly due to the limited import of India yarn. Domestic enterprises purchased combed yarn to turn to the Chinese market. At the same time, 20 and 30 prices were lower.

With the abolition of cotton import tariffs by the government, domestic cotton demand has been significantly released, yarn export prices have remained stable overall, and import yarn prices are expected to remain strong.

Three. Industry policies and trends

1, China and the United States will sign the first stage economic and trade agreement this week.

The spokesman of the Ministry of Commerce said at the regular press conference on the afternoon of 9, at the invitation of the US, the CPC Central Committee Political Bureau member, the vice premier of the State Council and the Chinese leader Liu He of the Sino US comprehensive economic dialogue will visit Washington on the 13 th of this month, -15, to sign the first stage economic and trade agreement with the US side. The two sides are working closely on the specific arrangements for signing the agreement.

2. Fujian Jinyuan 300 thousand high-end spinning project settled in Yibin, Sichuan.

Recently, Jinyuan Textile Co., Ltd. of Changle, Fujian Province signed a contract with Pingshan County, Yibin province of Sichuan Province, and the 300 thousand high-end spinning project of the company was settled. The textile project is located in Wang Chang Industrial Park, Pingshan County, with a total investment of about 1 billion yuan, with a total land area of about 200 mu. According to the investment cooperation agreement, the project is divided into two phases, and blocks are allocated for land supply. The scale of the first and two projects is 150 thousand yuan, the investment is 500 million yuan, and the fixed assets investment per mu is not less than 1 million 200 thousand yuan. After the project is completed and put into operation, the spinning capacity of 300 thousand spindles will be formed. The first phase of the project will increase employment by more than 500 people; the two phase of the project will increase employment by more than 300 people.

3, Bangladesh's export allowance for garment exporting enterprises is 1% cash subsidy.

According to Bangladesh's financial bulletin January 8th, all garment export enterprises in Bangladesh can receive 1% cash subsidy from July 1, 2019. Previously, enterprises that used local yarns or fibers or subsidized small and medium enterprises and exported non-traditional markets could not enjoy this incentive policy. The policy is that the garment export industry will win a lot of efforts, but it will not be enough, because the garment export industry is now at a critical time.

4, the textile industry 2 achievements won the 2019 National Science and technology progress two prize.

The 2019 National Science and technology award was announced in January 10th. Two achievements in the textile industry were awarded the two prize of the national science and Technology Progress Award in 2019. They are "high performance industrial yarn energy saving twisting preparation technology and equipment and industrialization", "key technology and industrialization of textile fabric color digitalization".

The former belongs to the field of textile machinery design and manufacture. The project has made breakthroughs and innovations in light of the bottleneck problem of high quality industrial yarn twisting yarn quality and long term monopolization of foreign technology and equipment. It has established breakthroughs in yarn quality and energy consumption control methods, invented high efficiency synthetic fiber industrial yarn "one-step" high-efficiency energy saving and direct twisting technology, invented ultra-fine glass fiber industrial yarn, constant tension anti-static twisting technology, and developed a series of high-performance industrial yarn high quality energy saving twisting equipment.

The latter project, combined with the urgent demand for efficient and precise color control of high-grade textile fabric products, has carried out research on color digital key technology and industrial application, developed multispectral imaging color measuring equipment, developed yarn and fabric precise color matching and color matching technology, broke the bottleneck of high simulation technology of fabric texture, developed fabric image precise acquisition and intelligent retrieval system, and constructed an efficient fabric digital R & D and management cloud platform, forming a color digitalization function system widely applied in the fields of color spinning, dyed weaving and dyeing and printing. It solved the problem of consistency and accuracy of fabric color, and greatly shortened the development cycle of color fabric.

5, Hu Run, China's top 500 private enterprises announced Shenzhou International, Wei Qiao entrepreneurship and other famous enterprises list.

In January 9th, the Hurun Research Institute released the "2019 Hurun China 500 strong private enterprise". The list shows that Alibaba ranked first in 3 trillion and 800 billion market capitalization, Tencent ranked second in 2 trillion and 900 billion market capitalization, Ping An insurance ranked third in 1 trillion and 500 billion market capitalization.

There are 20 textile industries, of which 3 are textile enterprises, 5 are chemical fiber enterprises, and 12 are garment enterprises. Anta ranked 29, valued at 180 billion yuan; Shenzhou International ranked 40, worth 139 billion yuan; Hengli Group ranked 45, worth 130 billion yuan; Rongsheng holdings ranked 80, worth 80 billion yuan; Wei Qiao venture group ranked 83, worth 75 billion yuan; Nanshan Group 98, worth 75 billion yuan.

Four, the conflict between the US and Iraq cooled. OPEC's reduction in production is noteworthy.

　　 International crude oil prices fell sharply last week. On the news side, with the easing of the conflict between the United States and Iran, the cooling of geopolitical tensions and the rapid risk premium, the oil market will return to the fundamentals. The fundamentals are currently available, and the northern hemisphere refinery operating rate remains high, supporting crude oil. Of course, what the market is most concerned about is OPEC's cut in production. This month is the first month of OPEC's implementation, and the market will be concerned about the final implementation of OPEC's reduction. According to past production cuts, OPEC is expected to maintain a better implementation rate of production cuts, and oil prices will remain inter regional fluctuations as a whole.

Five, Sino US relations ease the exchange rate and continue strong.

　　 Last week, influenced by the US Iraq conflict, global risk aversion rose and the US dollar index closed for three consecutive days. On Thursday, the Chinese side announced that it would sign the first stage economic and trade agreement with the US side on the 13-15 th of this month, which indicates that the United States is currently too busy to take account of the Sino US trade situation. In the short term, Sino US trade negotiations are progressively positive and investors are optimistic. It is expected that the RMB exchange rate will continue to be strong and volatile. In addition, we need to pay close attention to the future economic situation, trade frictions and US Iraq relations.