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Can Downtime And Overhaul Reverse The Trend Of Easy Fall? Or Is The Reserve Cotton Wheel Going To Boost The Market And Mentality?

2019/11/29 14:23:00 0

Market Quotation

Market brief

With the decline of cotton prices, the price of lint at partial price points is increasing, and the price of the selling price is increasing. The downstream demand is weak, and the demand for the lint is weak. The spot market of the lint market is oversupplied, and the purchase and sale is weak. In the near future, the market price is weak. The price of spot cotton still shows strong resilience. The cotton market is going to start next week, and the market parties are relatively calm. At present, all the links in the industrial chain are cautious, and the selling pressure of the lint cotton continues to increase. Zheng cotton shock dropped sharply, the main force changed to 05 contracts, still expected to be weak.

At the end of the month, the supply of acrylonitrile market is limited, and the market is rising again. There is no lack of high price in the market. The market is cautious and the offer is stable. The business is limited, waiting for the guidance of the new market information. The maintenance of Anqing Petrochemical is continuing, and the supply of acrylonitrile market is difficult to recover quickly. However, there is no positive guideline for the downstream demand side, and the short-term acrylonitrile price is expected to be stabilized after the supply and demand game. Acrylic fiber prices remained stable, terminal demand performance in general, coupled with raw materials acrylonitrile prices were weak and volatile, acrylic fiber cost support weakened, increased the terminal factory empty mentality, the downstream factory procurement enthusiasm generally, acrylic fiber market turnover is weak, the current acrylic fiber industry capacity utilization rate of 70%, acrylic fiber manufacturers steady price operation mentality continuation, lack of new information guidelines, expect the beginning of the month, acrylic fiber price will remain stable.

In November 25th, the second Shanghai international textile intelligent manufacturing summit was held at the nineteenth Shanghai international textile industry exhibition. This forum will focus on the theme of "smart cross border new textile", deeply understand the textile industry's intelligent upgrading technology ideas, share the experience of mature projects in many fields, analyze the pain points and discuss the standards, explore the way to control the efficiency and upgrade the intelligence for the industry. More than 200 guests from industry associations, research institutes, textile upstream and downstream enterprises, intelligent manufacturing equipment and technology providers attended the forum. This textile intelligent manufacturing summit will last for two days. In November 26th, it will continue to focus on artificial intelligence, textile and textile intelligent manufacturing solutions, textile brain linking data islands and so on. It will share intelligent textile projects in spinning, dyeing, finishing, knitting and chemical fiber industries, and jointly plan for textile intelligent manufacturing.

HKEx information shows that in November 27th, Ya Dong Group Holdings Limited applied for Hong Kong stock listing, showing that the sole sponsor is financial capital for prosperity and strength. Ya Dong group is mainly engaged in the design, processing and sale of textile fabrics. Its history dates back to the establishment of Ya Dong (Hongkong) in Hongkong in 2011. Since 2011, it has been engaged in the sales of textile fabric products and expanded its business in 2014. Through Ya Dong (Changzhou) (set up in 2014 in China), textile fabric product design and processing were carried out. According to Ipsos report, Ya Dong group ranked third in Jiangsu textile dyeing and finishing service providers in terms of revenue in 2018. In 2018, it recorded an income of about 861 million 500 thousand yuan, accounting for about 0.2% of China's market capitalization in 2018, accounting for about 1.6% of the total market capitalization of Jiangsu. Fund-raising uses: upgrading and improving existing production lines and technical capabilities to expand production capacity and product coverage. Buy a company with existing production plants in Jiangsu, China. General corporate use and working capital.

In November 27th, a total of 24 responsible persons from a number of garment factories and trading companies from Ukraine came to Keqiao, Textile City, and visited the related matters such as fabric procurement and long-term cooperation. Visit the market, hold talks, carry out the supply and docking meeting, and go to the factory for field visits. A series of activities led Ukraine merchants not only to feel the vanguard fabric of Keqiao's high quality textile enterprises, but also to understand the booming development of Keqiao's textile industry. It is understood that at present, 430 enterprises in Keqiao are involved in the export of Ukraine, whose products are mainly textiles. Last year, the foreign trade performance was 770 million yuan, accounting for 1% of Keqiao's total exports, so there is still much room for expansion between the two sides. This welcoming the first Ukraine purchasing group benefited from the second world cloth merchants conference held in Keqiao in September. Through the conference, it displayed the image of Keqiao's 100 billion level textile industrial cluster, and opened a new door for Keqiao textile to go to the world.

Beginning in the three quarter of this year, the textile industry in Changxin frequently appeared the "cooling" signal, such as the slowdown in product price increase, the decline in transactions and the reduction of production orders. From the data of the county textile enterprise output data provided by the County Bureau of letters, 1~7 months, an increase of 14.2% over the same period; 1~8 months, an increase of 7.9% over the same period; 1~9 months, an increase of 7.4% over the same period, and the growth rate slowed down month by month. The pressure from enterprises is also transmitted to the government and various departments. In view of the grim situation of foreign trade in the textile industry, Changxin has issued supportive policies to increase export credit insurance and Exhibition subsidies, and stick to stable foreign trade and stable enterprises. Jia Pu town is a textile town. More than 90% of the industrial output value of the town comes from the textile industry and more than 50% of the households are engaged in textile and supporting industries. "For the JPU textile enterprises, the pressure is even greater. Anhui has been duty-free for the local textile enterprises for three years, while many of the textile enterprises in Anhui have gone out of the market. Similar products, they have more advantages in terms of price." Zang Junqi, director of the economic development office of the city, said. At the same time, the government actively joined the Changxin branch of ICBC to reduce the annual interest rate of textile enterprises to 5%. A series of measures to reduce pressure on textile enterprises. With the advent of Western Christmas, orders for foreign trade increased slightly this month, which made some foreign textile enterprises slightly relieved.

In November 25th, the Ministry of ecology and environment forwarded the editorial of the people's daily again, severely criticized the problem of "one size fits all", and demanded refinement of environmental protection. Hebei province took the lead in establishing a positive list system for ecological environmental supervision in the whole country, giving priority to the compliance enterprises in ensuring their production and operation activities. In view of this, the national wind is changing, and the environmental protection policy is gradually being refined. This is good news for our chemical fiber and textile industry.

In order to constantly enhance the advanced concepts of textile enterprises' management and management, and enhance communication and learning and mutual help, the Jiangxi Textile Industry Association successfully held a lecture on business management in November 23, 2019. More than 130 people attended the lectures, including the Jiangxi Provincial Labor Department, Yudu county Party committee and county government, Qingshan Lake Science and Technology Bureau, Yudu industrial cluster office, Yudu clothing and Apparel Association, Nankang clothing association and more than 100 textile and garment enterprises in the whole province. The lecture on business management is delivered by the chairman of the Jiangxi Textile Industry Association, the chairman of the winner fashion (Ganzhou) Co., Ltd., and MS. Chen Lingmei, 73 years old, presenting the keynote speech, sharing the business philosophy and the secret of success, and summarizing the lessons of failure. After sharing, the participants also conducted targeted on-site interaction, specifically answering the difficulties and bottlenecks encountered by more than ten entrepreneurs in their operation and management.

Develop intelligent agriculture and move the cotton picker to the Internet. This year, Xinjiang Yinfeng modern agricultural equipment Limited by Share Ltd accelerates its integration with the market, integrates the resources of the Xinjiang cotton picker, and builds the "Internet + Cotton mining machine" service platform, so that cotton farmers can achieve "easy picking" of cotton. In November 25th, the reporter learned from the Xinjiang Yinfeng modern agricultural equipment Limited by Share Ltd that at present, the net picking machine has been closed. This year, there are more than 400 locomotives on the line and 1000 households serving cotton planting. The total harvesting area is 100 thousand mu. In terms of quality assurance of harvesting operations, Xinjiang Yinfeng modern agricultural equipment Limited by Share Ltd has implemented the four standards of machine master audit, field observation, operation quality and service standard, so as to protect the interests of cotton farmers.

According to the latest financial data released by the National Bureau of statistics, from 1 to October, the total profit of Industrial Enterprises above Designated Size reached 5 trillion and 15 billion 100 million yuan, down 2.9% from the same period last year. Nevertheless, the profit growth of high-tech industries and strategic emerging industries is still growing faster, and structural adjustment continues to advance. From 1 to October, the efficiency of Industrial Enterprises above Designated Size showed the main characteristics of speeding up structural adjustment, maintaining steady growth in profits of private enterprises and small enterprises, and decreasing asset liability ratio of enterprises. In addition, from 1 to October, private enterprises and small business profits increased by 5.3% and 8.8% respectively, and maintained steady growth. At present, the state has promulgated a series of policies to increase investment and expand domestic demand. Under the background of the general decline of raw material prices, the cost pressures of the middle and lower reaches have been reduced.

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