Sticky Short And Stable Finishing, When Will The Stock Node Arrive? Will The Discount Talks Increase And The Short Cuts Will Fall?

Market brief

Zheng cotton lotion in the locust news upsurge after the 11750 pressure level after the shock drop, 11600 near the bears appeared signs of lighten up, late pay close attention to 11600 near Zheng cotton performance. Weak spot finishing of the lint spot market, low enthusiasm for market buying and selling after the festival, textile enterprises continue to maintain product inventory, cotton demand is very limited, cotton trade enterprises timely shipment, return the main funds, the off-season market lacks favorable promotion, the industry has a high degree of concern about throwing storage rumors (rumor in July 6th or July 7th, whether it really needs to wait for official propaganda). Cautious and pessimistic mentality, the epidemic is still continuing, and rumors of dumping and storage are getting worse. At present, the market is not good enough guidelines. Cotton prices are still hard to find effective support.

Acrylonitrile prices continue to shake up, and individual factory quotations are dropping slightly. At the end of the month, the market is generally trading. Merchants are trading with the market. Some of them are in a bad mood. There are many low price reports in the market. At present, acrylonitrile plants and main downstream devices are running smoothly, and there is no room for growth in demand, but the supply will gradually increase. The cost support is still maintained, and there is no pressure on the stock. The market price of acrylonitrile is expected to be sideways. Acrylonitrile staple fiber price stabilization and finishing, the current industry start-up rate further increased to 75% near, compared with the same period last year is also higher, supply increased, but terminal demand follow-up slow, manufacturers stock rising trend, but raw materials acrylonitrile due to new capacity drop and expected, nitrile fiber cost surface pressure will be alleviated, expect acrylic manufacturers quote stability.

In June 27th, the Wujiang 2020 semi annual major project focused ceremony was held at the national advanced functional fiber Innovation Center Project in Shengze, with a total investment of 88 billion 180 million yuan, and 59 major projects started to work. So far, the key projects in Wujiang provinces and cities have been completed in the first half of the year. The Wujiang hi tech Development Zone (Sheng Zezhen) has launched 12 projects with a total investment of about 10 billion 770 million yuan. The key projects in Shengze include the two national advanced functional fiber innovation center, the Wujiang textile circular economy industrial park, the Ling Zhi intelligent manufacturing and intelligent supply chain industrial park, Suzhou Bao Ge Li Ge square, the imperial seal Industrial Park, the Suzhou Yong textile yarn and the long Qiao new village. The four phase resettlement house, Shengze Xincheng Experimental Primary School (kindergarten), green Wei environmental protection sludge disposal and comprehensive utilization, Shengze hospital public health complex, Tan Qiu primary school expansion project, learning Inn and so on 12 items.

In June 16th, the annual output of 1 million 200 thousand tons of polyester project in Xinjiang Zhongtai group, Bazhou, was 500 thousand tons per year. The differentiated functional fiber project was officially launched in Korla Petrochemical Industrial Park. It is understood that the construction of the first phase polyester project is an important measure for Xinjiang Zhongtai group to carry out the development of the textile and garment industry in Xinjiang, leading millions of people to employment and decisive battle. Polyester is widely used for producing high-grade garments, curtains, carpets, home textiles, functional outdoor sportswear, etc. After the first phase of the polyester project is completed and put into operation, it can achieve annual sales revenue of 3 billion 760 million and directly drive more than 600 employees. Pulling up downstream textile, printing and dyeing supporting industrial chain, more than 50 thousand people.

In June 23rd, the polyester plant of the differentiated functional chemical fiber project with annual output of 200 thousand tons invested by Hong Kong rainbow Fiber Co., Ltd., the two subsidiary of Dongsheng Hong Qi, was put into operation. After the project is put into operation, it will further meet the growing objective demand of various differentiated polyester fibers with excellent performance and enhance the market competitiveness of the main business. All matting fibers have the inherent excellent properties of conventional fibers. Besides high strength, good elasticity, heat resistance and abrasion resistance, they can also reduce the reflective and flashing phenomena of chemical fibers, and make the following fibers have the advantages of glossy softness, high fabric draping and strong shadowing performance. They can meet the needs of producing high grade clothing, outdoor sports, underwear, high-grade interior decoration and so on. Market prospect. It is understood that the total investment of the project is 1 billion 250 million yuan, and the main production device adopts the company's own core technology and the world's leading differentiated polyester technology.

Xinjiang railway freight volume reached 69 million 770 thousand tons in the first half of May this year, an increase of 21.6% compared with the same period last year. This year, the Xinjiang railway strengthened its in-depth cooperation with the national cotton trading market, the public inspection libraries, purchasers, traders and intermediate logistics providers, and in real time grasps the transportation plan and direction of each cotton warehouse customer, and tailor customized logistics solutions to customers according to the different needs of customers such as time limits, batches and quantities. In May, Xinjiang railway's cotton transport volume reached 634 thousand tons, an increase of 312.83% over the same period last year. In the first 1669 years of May this year, the Alashankou entry and exit China and Europe listed in the 39.43% column, an increase of 39.43% over the same period, while the Huoerguosi port entry and exit China and Europe listed 1401, an increase of 15.31% over the same period.

600493.SH announced that the company held the sixth meeting of the seventh board of directors in June 29, 2020 to consider and adopt the motion on financing for application: for the company's need to reduce the financing cost, the company applied for financing business through the Fujian branch of Quanzhou industrial technology transformation investment fund (limited partnership) through the Industrial Bank Limited by Share Ltd branch, and the amount of financing is not. It exceeds RMB 300 million yuan for 48 months, and the financing interest rate is not more than 3%, which is mainly used for the construction of Anton relocation project and the related loans of subsidiaries affiliated to the project.

Recently, the Ministry of consumer goods industry and the China Chemical Fiber Industry Association held a video conference to discuss the revision of the recycling of chemical fiber (polyester) industry standard conditions and announcement management Interim Measures. The participants discussed in depth the important contents and related indicators of the specifications and conditions, such as process and equipment requirements, resource consumption, quality management, and agreed that the revision work should be guided by the principles of advanced, scientific and regulatory principles in accordance with the development of chemical fiber recycling industry and lead the recycling and reuse of high quality development in the chemical fiber industry. Next, the China Chemical Fiber Association will supplement and perfect the revised contents as soon as possible in conjunction with the requirements of this meeting.

Vinatex, Vietnam's largest state-run clothing and sewing enterprise, recently predicted that the total pre tax profits will drop by half to 382 billion Vietnamese Dong (US $16 million 500 thousand) this year, due to the negative impact of the new coronavirus pneumonia epidemic, which is the lowest level of pre tax comprehensive profits in the past four years. Its consolidated income is estimated at 14 trillion and 640 billion Dong Dong, down 27% from last year. Vietnam Textile Group's pre tax profit in 2019 was 765 billion 500 million Dong Dong, accounting for 91.2% of the annual plan, an increase of 0.5% over the same period last year. According to Vietnam customs statistics, the total export value of domestic textile and garment industry decreased by 13.6% over the first 5 months of this year, which was 10 billion 560 million US dollars. However, export data in May increased by sixteen percent, to $1 billion 870 million.

The world trade organization's updated global trade data and Outlook report released in June 23rd showed that the volume of global merchandise trade fell 3% in the first quarter of this year and is expected to decline by about 18.5% in the second quarter. In a report released in April, WTO predicted that global trade will shrink by 13% to 32% this year. The updated version of the report shows that in the third and fourth quarter of this year, as long as the global trade keeps 2.5% growth rate per Annex, the annual trade performance will achieve the most optimistic expectations. In terms of the trend of Global trade growth in 2021, the WTO warned that second wave outbreaks, lower economic growth and trade restrictions adopted by various economies would lead to lower trade growth than expected. Data show that global trade growth in 2021 must reach about 20% before it can return to the growth track before the epidemic.

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