9300-9800 Yuan, Sticky Short Pre-Sale Price Clear; Holiday Market, Yarn Market Is Still Polarized?

Market brief

China reserve cotton Management Co., Ltd. is going to purchase 7000 tons of new cotton in December 24, 2019. The maximum price will be 13522 yuan / ton (discount standard 3128B price). The actual turnover was 0 tons.

Zheng cotton main shock concussion, many small added positions, vacation is coming soon, is expected in the short term Zheng cotton in 13200-13500 yuan / ton interval shock finishing. There is still a stalemate in the lint spot market purchase and sale, the downstream textile enterprises are cautious in purchasing new cotton, and the inventory pressure continues to exist. At present, the purchase of the cotton mill is not enough, and the purchase and processing progress is not fast. Although the stock size is not large, the pressure on cotton enterprises continues to rise. The price of Xinjiang cotton is overall stable, and the price of local resources is slightly stronger. But near the Spring Festival, the cotton mills generally plan to leave in advance, and the cotton mill's purchase volume has contracted.

The price of acrylonitrile has been arranged sideways, and the mainstream factory has reached 11350 yuan / ton per month, which is basically in line with the market expectations. The intermediate business offer mentality is stable for a long time. With the market trading as the main concern, the short line continues to pay attention to the reboot of the overhaul device, and the market turnover atmosphere is general. Acrylic fiber prices remained stable, the acrylonitrile main factory monthly announced that acrylic fiber cost pressure is obvious, the industry started to maintain relatively low, factory offer mentality is stable, downstream cotton mill orders are expected in general, the current stock mentality is cautious, it is expected that the short-term acrylic fiber prices will remain stable, we need to pay attention to cost side changes.

According to the data released by China's cotton notarization inspection network, as at 24 o'clock in December 22, 2019, 941 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 18467365 packages and 4 million 168 thousand and 681 tons. Among them: Xinjiang: 799 processing enterprises, notarization inspection of 18002653 packages, 4 million 64 thousand and 306 tons. Mainland: 142 processing enterprises, notarization inspection of 464712 packages, 104 thousand and 375 tons.

According to customs statistics, in November 2019, China's cotton import volume was 110 thousand tons, an increase of 57% compared to the same period, a decrease of 15% over the same period last year. In 2019, China imported 1 million 700 thousand tons of cotton, an increase of 25% over the same period last year. Since 2019/20 (2019.9-2019.11), 260 thousand tons of cotton have been imported, representing a decrease of 32% over the same period last year. In November 2019, China imported 160 thousand tons of cotton yarn, an increase of 6.67%, an increase of 28 thousand and 200 tons, an increase of 9.89% compared with the same month, an increase of 2.2% over the same period last year. In 2019, 1-11 months, China imported 1 million 790 thousand tons of cotton yarn, a decrease of 6.3% compared with the same period last year. The total export cotton yarn was 346 thousand and 600 tons, a decrease of 6.49% over the same period last year.

In December 24th, Shandong textile and garment industry intelligent technology transformation on-site meeting and digital transformation training promotion meeting was held in Binzhou. Shandong is a major province of textile and garment industry in the whole country. In 2018, there were 2475 enterprises of all sizes in the whole industry. Transformation and upgrading are not only the need for enterprises to get rid of the predicament of survival, but also the long-term healthy development of the province's economy. Technological transformation is characterized by low investment, quick results and high efficiency. The proportion of small and medium-sized enterprises in traditional industries is high. Compared with all of them, it is a more realistic way to speed up the development of transformation. According to the introduction, the whole industry has more than 2000 sets of industrial robots in the industry, and is in the leading position in the manufacturing industry of the whole province. The leading enterprises such as Yi, Kang Pingna, Huaxing, Heng Feng, cool, Han Du clothing, cheerful home textiles and Weihai Di Shang have begun to transform from intelligent manufacturing to intelligent services. However, nearly 70% of small and medium-sized enterprises have not implemented intelligent transformation because of insufficient technology reserves and lack of talents. Many enterprises are in the process of transforming from single production links to whole process reengineering, from single enterprise transformation to collaborative transformation of the whole industrial chain.

Tianhong textile announced that the Haihe Industrial Zone, which holds 78% and 22% stake in President Hong Tianzhu and co chief executive Zhu Yongxiang, acquired the first phase of Vietnam's land, which costs about 349 billion 217 million Dong Dong (about 106 million yuan), while the second phase of land price is to be implemented. The first and two sites are located in Haihe Industrial Zone, Haihe District, Guangning, Vietnam, with a total area of about 512 thousand and 400 square meters. The first phase of the land area is about 249 thousand and 900 square meters, and the second phase land area is about 262 thousand and 500 square meters. The first phase is calculated at 1 million 397 thousand and 400 Vietnamese Dong (about 424 yuan) per square metre, and Haihe industrial area will undertake the infrastructure and roads surrounding the site. The group has acquired a number of sites in Haihe industrial area to build a production workshop for textile products. After reorganizing the mainland's knitted fabric dyeing business, it intends to establish a large scale knitted fabric dyeing production base in Vietnam.

In December 23rd, the Zhejiang listed textile machinery Limited by Share Ltd's application materials were received by the SFC. Jitai textile machinery was established in August 8, 1993. It has twisting system division, spinning system division, knitting system division and compact spinning system division and air jet loom division. The company mainly trades in textile machinery and equipment, motor (excluding engine), computer software modulation, production, installation and hardware assembly.

According to Pakistan's news daily, December 22nd, Malik Iqbal, chairman of the PakistanKissanCommittee of Pakistan (MalikIqbal), said that there was no other choice for Pakistan farmers to turn from cotton to other crops. At present, cotton prices could hardly bear the cost of production. Cotton cultivation was profitable several years ago, and the cost of cotton production in Pakistan continued to rise due to the spread of counterfeit pesticides and frustrating economic incentives. At present, there are about 5 million bales of cotton in Pakistan, which is far behind the 2018/19 cotton production target set by Prime Minister Uimran Khan (ImranKhan). The government of Pakistan has introduced the prime minister's agricultural emergency plan of 300 billion rupees, but it does not include promoting cotton cultivation. Multan's federal Cotton Research Institute makes a comparative analysis of the cost of cotton production in Pakistan, China and India. Pakistan is the highest cost country of cotton production in South Asian countries, and the lowest cost of cotton production in India.

According to the Pakistan forum express December 23rd, to stimulate Pakistan's economic growth potential, Pakistan's manpower enrichment, especially the number of young people, is also an important driving force in addition to giving full play to its regional advantages. To achieve the 7% growth rate in the future, we should focus on the following five aspects: first, develop a high-density comprehensive urban body and enhance the government's comprehensive management capability of modern cities. We should promote the development of enterprises, drive investment and employment, attract high-end talents, make good use of intellectual resources, and stimulate the vitality of cities. The two is to integrate into the global value chain. Enhance the level of customs clearance and enhance the world's understanding of Pakistan. We should increase the tariff reform and change the tariff system now aiming at import substitution and foreign exchange settlement. We should develop the export of high value added products such as polyester fiber, and upgrade the export quality of cotton textile products. The three is to accelerate the reform of the tax system. We should improve the efficiency of government expenditure, straighten out the tax system, reduce the unreasonable tax burden and increase the proportion of investment to GDP. The four is to increase decentralization and empowerment. Improve the level of government governance and establish a scientific performance evaluation mechanism. The five is to increase investment in science and technology. We should encourage innovation and give full play to the positive role of R & D in promoting economic, technological and social development.

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