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Polyester Yarn Rise, Vortex Spinning Man Cotton Yarn Rise, Plate Or Price Reduction? Market Difficult To Grasp, You Are Still Hesitating?

2020/8/11 11:39:00 0

Market Conditions

Market description

Affected by the fall of ice cotton futures, Zheng cotton opened slightly and closed down in shock, and the position continued to decrease. Spot lint prices are weak, finishing, light trading, the market maintains a weak trend, cotton manufacturers are actively shipping to reduce the pressure on spot inventory. At present, the operating rate of cotton ginning plants continues to decline, the inland processing plants have been overhauled, most of the maintenance of Xinjiang flower factories have been completed, and the orders for some downstream yarn varieties have increased. However, the overall demand has not improved significantly, and the downstream companies have not increased replenishment operations Enterprises still maintain on-demand procurement, point price and buy it now trading volume has not been significantly improved, Xinjiang's Treasury resources are still not smooth out of Xinjiang, the mainland stock quality is good, Xinjiang cotton resources still maintain the trading preference state, strong resistance, reserve cotton due to the cost-effective advantage to continue all transactions, recent import cotton sales improved significantly compared to the previous period, but mainly small single transactions, textile enterprises Recovery of the industry remains to be seen.

On August 10, 8991.738 tons of sales resources were sold by the reserved cotton wheel, and the actual transaction volume was 8991.738 tons, with a transaction rate of 100%. The average transaction price was 11645 yuan / ton, down 105 yuan / ton from the previous day, or 13033 yuan / ton at 3128 yuan / ton, 27 yuan / ton lower than the previous day. The average transaction price of Xinjiang cotton was 11889 yuan / ton, which was 26 yuan / ton higher than that of the previous day. The price of Xinjiang cotton converted to 3128 yuan / ton was 13210 yuan / ton, 17 yuan / ton lower than that of the previous day, and the price increase of Xinjiang cotton was 1083 yuan / ton. The average transaction price of real estate cotton was 11343 yuan / ton, which was 207 yuan / ton lower than the previous day. The price of 3128 yuan / ton of real estate cotton was 12815 yuan / ton, which was 50 yuan / ton higher than that of the previous day. The price increase of real estate cotton was 688 yuan / ton. From July 1 to August 10, the total transaction volume was 242940.3696 tons, with a turnover rate of 100%. This week (August 10-14) reserve cotton sales base price is 12127 yuan / ton (equivalent to standard 3128b), which is 276 yuan / ton higher than the previous week.

The market price of acrylonitrile is stable, the news is calm, the supply of goods is abundant, and the downstream demand lacks effective growth space, the fundamentals are weak balanced, and the price lacks the driving force to continue to rise. However, the raw materials continue to strengthen, the acrylonitrile enterprises continue to lose money, the manufacturers continue to support the prices, and the middlemen ship ships with the market, while the factory inventory is not under pressure for the time being, it is not ruled out that the price will rise with the increase of costs 。 The price of acrylic staple fiber is mainly to maintain stability and wait-and-see, the news from upstream and downstream tends to be calm, the start-up rate of acrylic fiber factories remains high, the sales of manufacturers are fair, and the price of acrylonitrile at the raw material end is stabilized, and the inventory of downstream yarn enterprises is still accumulated. It is expected that the price of acrylic fiber will not fluctuate much in the near future, and the market will be mainly maintained.

On August 7, the General Administration of Customs released the national cargo trade data from January to July 2020. From January to July, the total value of imports and exports of goods trade was 17.2 trillion yuan, down 1.7% compared with the same period last year (the same below). Among them, exports were 9.4 trillion yuan, down 0.9%, and imports were 7.7 trillion yuan, down 2.6%. In July, the import and export of foreign trade reached 2.9 trillion yuan, an increase of 6.5%, including 1.7 trillion yuan of export, 10.4% increase, and 1.2 trillion yuan of import, an increase of 1.6%. From April to July, the export of textiles and clothing has achieved growth for four consecutive months. With the gradual alleviation of the global epidemic situation, the demand for epidemic prevention materials decreased, and the growth rate of textile export in July slowed down compared with the previous period. The purchase demand for clothing in the main markets rebounded, and the clothing export tended to improve, with a significantly narrower decline compared with the previous period. In terms of RMB: from January to July 2020, the cumulative export of textile and clothing was 1101.92 billion yuan, an increase of 9.2%, including 634.32 billion yuan of textile exports, an increase of 35.8%, and 467.6 billion yuan of clothing exports, a decrease of 13.8%. Textile and clothing exports increased by RMB 22.15 billion, up by RMB 11.25 billion. In terms of US dollar: from January to July 2020, the cumulative export of textile and clothing was 156.48 billion US dollars, an increase of 5.6% (the national trade of goods decreased by 4.1%), of which the textile export was 90.08 billion US dollars, an increase of 31.3%, and the clothing export was 66.4 billion US dollars, a decrease of 16.6%. In July, the export of textile and clothing was US $31.3 billion, an increase of 16.1% (the export of national goods trade increased by 7.2%), of which the export of textile was $15.98 billion, an increase of 49.3%, and the export of clothing was $15.32 billion, a decrease of 5.7%.

According to the database of China Academy of Commerce and industry, the export value of China's ship textile yarn, fabric and products decreased in July 2020. In July 2020, the export value of China's ship textile yarn, fabric and products was 15976.9 million US dollars, with a year-on-year increase of 48.4%. 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. In the first half of 2020, China's textile enterprises above Designated Size realized operating revenue of 1926.07 billion yuan, a year-on-year decrease of 16.4%, and total profit of 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.

Fengzhu textile (SH 600493) released its semi annual performance report on the evening of August 10 that the net profit attributable to shareholders of Listed Companies in the first half of 2020 was about 9.04 million yuan, down 48.88% year-on-year, the operating income was about 419 million yuan, a year-on-year decrease of 18.1%, and the basic earnings per share was 0.0332 yuan, a decrease of 48.92%. According to the annual report of 2019, the main business of Fengzhu textile is textile, accounting for 99.24% of revenue.

A few days ago, Kuitun Litai Silk Road Investment Co., Ltd. held a trial production and start-up ceremony for the fourth branch plant, marking the formal completion and commissioning of Kuitun Litai Silk Road spinning phase II project with an investment of 2.5 billion yuan. Kuitun Litai Silk Road Investment Co., Ltd. is located in Dushanzi economic and Technological Development Zone, Kuitun. The investment of 240000 high-end combed compact ring spinning project in the first phase is 1.3 billion yuan. It was put into operation in 2018 and achieved good economic benefits. The second phase of the project covers an area of 50000 square meters. It is an automatic production workshop. The production equipment is purchased from Germany and Switzerland. It is world-class and can produce high-grade cotton yarn. After the second phase project is put into operation, it can produce 110 tons of yarn a day and achieve an annual output value of 1.8 billion yuan, which will further enrich the product production line and enhance the competitiveness of enterprises.

In the near future, the downstream demand has gradually recovered and the prices of upstream raw materials have risen. Zhejiang Longsheng and other dye manufacturers have raised their prices. The market quotation of disperse dyes is 27-28 yuan / kg, and that of reactive dyes is 21-22 yuan / kg. It is reported that China is the world's largest dye producer, with production capacity and demand ranking first in the world, accounting for about 70% of the world's output. Among the listed companies, Zhejiang Longsheng has an annual production capacity of 300000 tons of dyes and 100000 tons of auxiliaries, ranking first in the global market; Runtu shares has a production capacity of 110000 tons of disperse dyes, 60000 tons of reactive dyes, and nearly 20000 tons of other dyes, and its product sales market share ranks first in the domestic dye market share.

Recently, the reporter learned from Yizheng Chemical fiber that the company's Spunlaced non-woven polyester staple fiber shortage situation will be effectively alleviated. At present, Yizheng Chemical fiber has four Spunlaced non-woven polyester staple fiber special production lines have been put into trial production, trial spinning and batch use have been carried out in more than 40 domestic users, and the performance and quality of processed products have met the requirements of user's medical and health material quality standards. It is reported that Yizheng Chemical fiber with an annual output of 200000 tons of melt direct spinning environment-friendly staple fiber project has been completed and put into operation, and the number of polyester staple fiber production lines will reach 48, with the most complete production lines and product varieties in the world. The annual production capacity has exceeded 1 million tons, equivalent to 22 million mu of high-quality cotton field output, which can further consolidate the market leading position of high-end and characteristic products such as Spunlaced non-woven polyester staple fiber and primary polyester hollow fiber as the "singles champion" in China.

According to the statistics of Vietnam's textile industry and Commerce Department, as of the second half of 2020, the number of orders received by Vietnam's textile industry and Commerce Department was still targeted at some customers of Vietnam's textile industry and commerce as of July 31, 2020. As for medical masks and protective clothing, they are the main products of Vietnam's textile industry at present. However, due to the large number of manufacturers supplying the items all over the world, the sales price has gradually declined. According to the statistics of Vietnam's Ministry of industry and commerce, the export volume of various types of yarn in the first seven months of 2020 will decrease by 20.9%, cloth by 40%, and processed textiles by 12.1%. The Ministry reminded that in the second half of 2020, Vietnam's textile enterprises will need to strengthen the development of the domestic market and reduce production and management costs to make up for the revenue of the enterprises, while maintaining the quality of products, resetting production lines and manpower deployment, in order to tide over the impact of the new coronavirus pneumonia epidemic. In addition, according to the forecast of VINATEX, the textile export amount in the second half of 2020 will decrease by 14-18% compared with the same period in 2019, and the total textile export amount in 2020 is estimated to be about 32.75 billion US dollars, which is 16% lower than that in 2019.

According to the report of World Trade Statistics Review 2020 issued by the World Trade Organization (WTO), the world textile trade volume in 2019 decreased by 2.4% to 305 billion US dollars, and the clothing trade volume decreased by 0.4% to 492 billion US dollars. The trade war between China and the United States is one of the reasons for the shrinkage of textile and clothing trade. In terms of textile export, the top three textile export regions in 2019 are China, eu-28 and India, accounting for 66.9% of global textile exports. Vietnam's textile exports increased by 8.3% year-on-year, surpassing Taiwan and becoming the seventh largest textile exporter in the world. According to the WTO report, China's share of world textile exports rose to a record 39.2%. In terms of textile imports, in 2019, the United States and the 28 EU countries together accounted for 31.2% of global textile imports. Vietnam became the third largest textile importer. In terms of clothing export, China, eu-28, Bangladesh and Vietnam accounted for 71.4% of the global clothing market. However, according to the WTO report, China's share fell from 31.3% in 2018 to 30.8% last year. In terms of clothing export, in 2019, the top three garment importing countries, including eu-28, the United States and Japan, purchased 58.1% of global clothing.

Market curve

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