Foreign Trade Orders Have Been Restored, Raw Materials Are Not Changed, Yarn Prices Fall, Yarn Enterprises Limit Production "Stop Production?

Market brief

Zheng cotton continued to open up the trend of concussion. The main contract was slightly enlarged, and the downstream demand was poor. The accumulation of funds was expected to buy and store. It is expected that Zheng cotton will continue to shake up and collate in the near future. Due to weak demand side, the lint spot market has not improved significantly. The mentality of the market remains cautious. During the May 1 holiday, the pace of Xinjiang's cotton shift to the mainland has accelerated. Although foreign trade orders are still poor, domestic demand has started gradually. Some textile companies have low prices, but some of them are still buying cotton products. Fully established, the market is more concerned about the weather, storage and other factors, does not exclude the possibility of a phased rise, but the market is expected to resume trading orders until June, the textile market is still in a dark period, the risk of cotton prices fall still greater, it is recommended that the downstream textile enterprises need to purchase according to the single demand; cotton ginning factories and cotton trading enterprises should not blindly rise, it is recommended to increase the hedging ratio. Case.

The price of acrylonitrile has been arranged sideways, and the factory maintenance information has been released gradually. Some businesses are actively pushing up. However, the load of the downstream acrylic fiber plant has not been greatly improved, and the market is limited. Most operators are cautious about trading. Although the demand for acrylonitrile is still increasing, the Zhejiang Petrochemical acrylonitrile plant has put into operation in May. Most of the industry's optimism remains limited. Under the need of game, acrylonitrile price is expected to be a small concussion. Acrylic staple fiber prices are weak and volatile, terminal demand performance is general, downstream factories lack confidence in the trading market, wait-and-see mentality is strong, coupled with insufficient cost support, the market sees the air atmosphere diffuse, the equipment load of the acrylic fiber industry is difficult to raise substantially, and the fundamentals are not obviously good.

A few days ago, the "2020 China International fabric design competition" and the forty-fourth (2021/22 autumn and winter) China fashion fabric finalists were officially launched. The Cotton Corp of the United States once again worked with the Organizing Committee of the competition to jointly set up the two major cotton spinning awards, the "best cotton spinning handicraft Quality Award" and "the best cotton spinning technology innovation award". All cotton knitted fabrics and knitted fabrics must be more than 60% cotton. If the products are cowboy fabrics, the cotton fiber content should be no less than 90%. The source of cotton is acceptable in any country or region. Cotton textile products must be made into mass produced fabrics. Deadline for declaration: July 1, 2020 (sample mailing date).

In April 28th, in the second batch of major projects in Yongzhou, Hunan, 23 projects started signing up, with a total investment of 5 billion 820 million yuan. The signing of the 23 batch of major projects was signed. Among them, the total investment of Qiyang modern textile characteristic industrial park project is 710 million yuan, and 9 textile enterprises have been introduced. A number of well-known enterprises have followed up to create a modern textile characteristic industrial park with an output value of more than ten billion yuan. It is understood that the modern textile characteristic industrial park project in Qiyang will, in accordance with the requirements of the state "specialized, refined, special and new", introduce polyester umbrella cloth, bag and cloth cloth, tents and cloth weaving enterprises and upstream and downstream industrial chain enterprises, and strive to build an industrial transfer demonstration area with annual revenue of over 10 billion yuan and tax collection of 500 million yuan in Xiangxi.

Huamao shares disclosed a quarterly report in April 30, 2020. The company achieved a total revenue of 550 million in the first quarter of 2020, down 14.4% from the same period last year, and realized net profit of -1.7 billion, which was 420 million yuan in the same period last year, and failed to maintain profitability. During the reporting period, the gross profit margin of the company was 9.7%, which basically maintained the level of the previous year. The net interest rate was -31.8%, down 97.5 percentage points from the same period.

During the reporting period, Limited by Share Ltd of the China Group disclosed the annual revenue of 21 billion 154 million yuan, a decrease of 6.72% compared with the same period last year, with a total profit of 166 million yuan, an increase of 98.95% over the same period last year. The net profit of the shareholders belonging to the listed company was 63 million yuan, an increase of 131 million yuan compared with the same period last year, and the basic earnings per share were 0.01 yuan, up 0.03 yuan from the same period last year. Jihua Group explained that the main reasons for the decrease in the company's operating income during the reporting period were: first, the procurement units such as the armed police and the armed forces had digested the inventory, reduced the purchasing business year-on-year, and reduced the military product income by 1 billion 217 million yuan compared with the same period last year; two, the company further implemented the development strategy focusing on the main business and strengthening industry, and actively reduced the trade volume with low gross margin. The trade and other income decreased by 1 billion 241 million yuan compared with the same period last year. 。 Jihua Group is the largest and largest producer and supplier of munitions, professional wear and professional footwear in China. It is the main supplier of uniform clothing departments and units and other professional clothing industry, and has the qualification of military supplies export. It has the comprehensive support capability of the whole product line, the whole war area coverage and the whole process service.

In April 29th, the State Administration of Taxation issued a press conference announces that the first quarter of the year achieved a nationwide tax reduction and reduction of 742 billion 800 million yuan. In 2020, a new tax and fee concession policy to support epidemic prevention and control and economic and social development was introduced in 2020. The new tax reduction fee was reduced by 318 billion 200 million yuan. In 2019, a more large-scale tax reduction and reduction policy was implemented in 2020 to reduce taxes and reduce taxes by 424 billion 600 million yuan. The reduction of taxes and fees will accelerate the landing. At the same time, the resumption of production will usher in "acceleration". The big data of value added tax invoice show that the national enterprises have been resuming production and selling again and again, and the sales revenue is close to 95% of the comparable level of last year.

India will reduce exports of cotton due to the new crown epidemic affecting clothing demand. Kotak, the largest exporter of cotton in India, said that India's cotton exports could be about 3 million 500 thousand packs in, 700 thousand packets lower than the industry target, and enquiries from buyers including China have dried up. India DD Cotton Corp has said that India's cotton exports have been completely excluded because there is no demand at present. At present, China, Indonesia, Vietnam and Bangladesh are 30% to 40%. Who will buy Cotton in India when China's export orders to Europe and the United States are largely delayed, cancelled or shelved? The India Cotton Association (CAI) said that the fall in cotton prices in India could help improve the competitiveness of India's spinning mills. It is reported that, so far, in the 3 million 400 thousand package contract of 2019/20, 3 million 100 thousand packages have been exported, so CAI is optimistic about the goal of exporting 4 million 200 thousand packages this year.

Bangladesh's national shopkeepers Association (NASOB) reported that, since March 25th, to prevent the spread of the new crown virus, Bangladesh's stores nationwide have been closed, and the store owners have suffered 600-700 billion loss in Taka business since April 28th. Bangladesh has about 220 stores nationwide, and over 100 million people are engaged in the industry. If business is not resumed during Ramadan, the business loss will reach 220 billion Taka. At present, all Bangladesh Federation of industry and Commerce has decided to start garment factories and other export oriented industries and large industrial enterprises to resume production. About 1400 garment factories restarted in April 26th. By April 27th, the total number of new crown virus infections in Bangladesh reached 5913 and the total number of deaths was 152.

Recently, the new crown pneumonia epidemic in Italy has been gradually controlled, and the transition to the "second stage" of the epidemic has also been favorable for Chinese businessmen. Italy's "Evening Post" reported that Italy Chinatown is being reopened gradually: Tuscany has recently authorized part of the textile enterprises in the Prato region to resume operation activities. Although it is impossible to carry out actual production and sales, it can carry out equipment maintenance and other preparations for resumption of production. This is also the foundation for the resumption of production in the second stage of the epidemic.

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