Stir Up + Conversion, Yarn Price Confusion, Business Profit Progress Compression, Foreign Trade, How Many Orders Return?

Market brief

At night, Zheng cotton rushed down, and the main contract increased slightly. The spot price of cotton stabilized, the Sino US trade representatives exchanged telephone calls, the market's expectations for Sino US trade improved, the market's enthusiasm for cotton prices rising, but demand had not improved significantly, and the downstream cotton mills had a partial attitude towards the market. Some downstream businesses needed a small amount of raw materials to replenish their stocks on demand, and the purchase and sale of lint tended to be stable. In addition, the abnormal weather in Xinjiang frequently occurred in May, and the cotton price trend was frequent. There are potential benefits. We need to pay attention to whether the degree of weather impact stimulates cotton prices. It is estimated that the short-term cotton prices will continue to rise. There is still no kinetic energy and stable and concussion finishing. It is suggested that the downstream textile enterprises should consider comprehensively their raw material and product inventory according to their orders, purchase lint at low price, cotton ginning factories and cotton trade enterprises should not blindly watch up, and suggest selling in batches.

The price of acrylonitrile has risen sharply, and the factory maintenance has increased recently. However, the new plant of Zhejiang Petrochemical has not yet been put into operation, and the support for acrylonitrile supply has been strengthened. Many mainstream factory quotes have been exploring to support the middlemen's mentality. But the terminal demand recovery is limited, and the demand for acrylonitrile has not changed significantly. The overall fluctuation is limited. Acrylonitrile staple fiber prices keep horizontal finishing, raw material acrylonitrile mainstream factory prices stable, acrylic fiber cost support has been enhanced, but downstream factories production and marketing rhythm is still normal, the factory's raw material purchase mentality slightly divergent, just need replenishment and cautious wait and see, and acrylic factory installed load is relatively low, waits for downstream factory production and marketing situation, news no other obvious advantages. Good support is expected to stabilize acrylic fiber prices in the short term.

Due to the impact of the epidemic, the pressure of capital turnover in textile enterprises is prominent, and the scale of investment in the industry is obviously reduced. According to the data of the National Bureau of statistics, in the first quarter, the investment in fixed assets investment in the textile industry decreased by 38% compared to the same period last year. In terms of industry, investment in textile, chemical fiber and garment industries decreased by 37.1%, 45.8% and 19.2% respectively. Sub regional perspective, Eastern Jiangsu, Shandong province chemical fiber industry investment increased by 13% and 20.6% respectively, the central province of Anhui textile industry investment grew 3.1%, Western Sichuan textile industry, clothing industry and chemical fiber industry increased 91.9%, 21.4% and 45.9%, respectively, is the current industry investment scale shrinking regional highlights.

In April, the prosperity index of foreign textile enterprises in Keqiao District of Shaoxing decreased, because a large number of foreign trade orders were cancelled. Many foreign trade enterprises were converted to domestic sales. New orders for textile and clothing were seriously insufficient, and the original orders were also cancelled or delayed. Textile industry, especially small and medium-sized textile enterprises, generally has the following difficulties. Among them, the foreign trade prosperity index of chemical fiber filament fabrics decreased by 8.18%; the daily textile index of household textile fabrics decreased by 18.30%; the curtain curtain foreign trade prosperity index decreased by 33.93%, and the index of stimulating foreign trade prosperity declined. In April, the foreign trade price index showed a downward trend. Among them, the foreign trade price index of chemical fiber filament fabrics decreased by 0.14% compared to the same month, and the foreign trade price index of curtain curtains fell by 2.18%; the total price index of foreign trade decreased.

Since the announcement of the "Zhejiang international textile and garment industry fair 2020" postponed to from July 22nd to 24th in March 3, 2020, the organizers have paid close attention to the development and changes of the epidemic prevention and control situation at home and abroad, and maintained positive communication and coordination with many parties, paying close attention to the actual situation and market feedback of the textile industry colleagues. In order to fully cooperate with the national epidemic prevention and control work to ensure the safety of exhibitors, spectators and related units, the organizers always adhere to the market and industry status, listen to the opinions of industry associations, exhibitors and professional spectators, and carefully decide: the twenty-first Zhejiang international textile garment has been postponed to from July 22 to 24, 2020 at the Yiwu International Expo Center. The exhibition will not be held as scheduled and postponed until from May 12 to 14, 2021. The venue will remain unchanged.

As a leading enterprise in Corps agricultural industrialization, in 2019, Xinjiang Yinfeng modern agricultural equipment Limited by Share Ltd accelerated the integration with the market, and built the "Internet + Cotton mining machine" service platform - "cotton" to help cotton farmers to achieve "easy picking" of cotton. By the end of October last year, there were more than 400 locomotives on the platform and more than 1000 households serving cotton planting, with a total harvest area of 100 thousand mu. This year, "cotton" has been upgraded to a comprehensive cotton service platform with membership. This is also the first comprehensive cotton service platform in China.

The 127th China Import and Export Fair will be held online on 15-24 June. In order to actively cope with the impact of the new crown pneumonia epidemic and help foreign trade enterprises to open up the market and tide over difficulties, the Ministry of Commerce decided that the 127th Canton Fair will not charge enterprises to participate in the exhibition during the online hosting period, nor will they charge any fees to the cross-border E-commerce platform participating in the synchronous activities. In recent years, due to various factors such as weak external demand, the difficulties faced by foreign trade enterprises have increased. In order to help enterprises reduce their burdens, the Ministry of Commerce has reduced the participation fees of the Canton Fair and reduced the booth fees of enterprises in poverty-stricken areas. The total cost for enterprises has been reduced by over 2 billion yuan. In addition to voluntary value-added advertising services such as advertising, the fair will be exempted from exhibitors' fees. This is a practical measure to increase the stability of enterprises and ensure their employment.

Sinopec released on May 9th, at 18:18 on the same day, with Sinopec Yizheng Chemical Fiber Co., Ltd. twelfth annual production of 500 tons of melt spray cloth production line successfully put into operation, during the outbreak of Sinopec, the deployment of two emergency deployment of 16 melted spray production line completed. Coupled with the joint venture's capacity of 7 tons, Sinopec's meltblown fabric can reach 37 tons per day, with an annual capacity of over 13 thousand and 500 tons. From the start of construction in February 24th to the full completion in May 9th, Sinopec has built up the world's largest production base of 10000 tons of melt spraying cloth in 76 days from scratch.

The exclusive data obtained by reporters from the enterprises showed that with the effective control of the epidemic, the economy began to recover gradually, and the volume of business registration showed explosive growth. From February to April, the number of newly registered enterprises in the country was 139 thousand, 678 thousand and 600 and 830 thousand and 300 respectively. The number of enterprises registered has also entered "midsummer" from "cold winter". In February this year, 139 thousand new households have rebuilt their new low since February 2014. In April this year, it was the first time in the past 800 thousand months.

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