Industrial Chain Production And Marketing Dull, Weak Raw Materials And Yarn Prices, How To Digest High Inventory?

Market brief

Zheng cotton narrow range shocks, shock interval narrowed, zhengmian is about to choose the direction. Downstream demand has not been significantly improved, and most of the enterprises are planning to register as warehouse receipts. The majority of enterprises are planning to register as warehouse receipts, which will cause greater pressure on the sale of lint. The United States starts to exclude tariff information and is relatively limited in market incentives. Rational response should be made to the market. Short term spot cotton prices are not strong enough to drive up the overall transaction. The seed cotton market continues to increase due to the increasing proportion of machine picked cotton in Xinjiang this year. The harvest time is obviously shorter than that of last year. The seed harvest of cotton seeds is coming to an end. Seed cotton prices are still rising. Individual enterprises are not buying as expected. Although the price of cotton lint has risen slightly, the downstream cotton mill has been operating at a low cost. Recently, it continues to focus on destocking. The cotton mill basically has no stockpile demand for raw material cotton, and mainly uses stocks of national cotton reserves, while a small number of buyers maintain the rigid demand. The supply and demand sides are playing a significant game. It is estimated that the short term cotton price will continue to be slightly stronger in the cost support, but there will be limited space to continue to rise, focusing on the downstream demand changes and the trend of Sino US trade relations.

The contract price of acrylonitrile plant in October is 11700 yuan / ton, and the spot retail quotation is temporarily referred to 11000-11200 yuan / ton. The mainstream factory monthly meeting basically meets the market expectations, and some businesses contract sales. At present, the demand side is hard to find. Under the expectation of the growth of supply, the market bearish atmosphere is hard to reduce, the business confidence is not enough, and the homeopathic sales are the main ones. In the short term, next month, Anqing Petrochemical overhaul has certain support for the market mentality, and the short term concerns the guidance of the new factory news, and it is expected that the acrylonitrile market will be vulnerable. Acrylic fiber prices continue to be stable, the mainstream factory monthly news has not yet been announced, raw materials acrylonitrile weak finishing, acrylic fiber cost support weakened, but the factory is still hovering at the margins of profit margins, manufacturers trader initiative is not high, industrial device utilization rate maintained at 6-7 level, downstream customers see air atmosphere is not reduced, market turnover is generally, under the pressure of profit, short term acrylic fiber price is expected to continue stable, pay attention to factory settlement news.

According to customs statistics, in September 2019, China imported 80 thousand tons of cotton, a decrease of 11% compared to the same period, a decrease of 42.8% over the same period last year. In 2019 1-9, China imported 1 million 510 thousand tons of cotton, an increase of 34.4% over the same period last year.

Learned from the Xinjiang branch of the Agricultural Development Bank of China: this year, the Agricultural Development Bank of China has given Xinjiang policy tilt on capital scale and credit policy, raising 50 billion yuan to support the acquisition of Xinjiang cotton. A total of 163 cotton enterprises were identified as eligible for loans. As of October 10th, the Xinjiang branch of the Agricultural Development Bank issued a total of 12 billion yuan of cotton loans. In addition, in order to facilitate the sale of cotton by cotton farmers and enhance the level of customer service, the Xinjiang branch of the agriculture development bank also made comprehensive use of online banking payment, third party payment and cash payment to eliminate the phenomenon of "delaying payment" and "beating the White Bill" in the cotton purchasing season. It is reported that the Xinjiang branch of the agricultural development bank is the main channel for the purchase of cotton financing in Xinjiang, and the annual supply of cotton purchase loans accounts for more than 70% of the total amount of cotton purchase funds.

The cotton purchase and processing in the new year is now basically in parts of Northern Xinjiang and most parts of Southern Xinjiang. This year, enterprises generally have a problem of reducing production, and the other is the quality of cotton this year. According to statistics, the cotton processing volume in Xinjiang was 844 thousand and 600 tons as of October 20th, which was 14.5% lower than that in the same period last year. The inspection volume was 427 thousand and 400 tons, a decrease of 13.74% compared with the same period last year. When we understand that this year's processing quality is not as good as last year's problem, some enterprises say it is because of the impact of earlier stage flowers. This year, the quality of visiting enterprises is not as good as that of last year, especially in terms of horse value. C2 accounts for a larger increase compared with last year, with a new decline in length and strength compared with last year.

In Xinjiang, China's main cotton producing area, the growth of plant protection UAV is increasing rapidly. According to the data of Xinjiang agriculture and animal husbandry machinery administration, by the end of this year, the Xinjiang plant protection UAV is expected to exceed 5000 units, with a total area of 40 million mu. According to the actual situation of agricultural production in Xinjiang, we have decided to subsidize the electric multi rotor plant protection UAV, which subsidized 15 thousand yuan for 10L-15L electric plant protection UAV and 20 thousand yuan for 15L-20L electric plant protection UAV. The pilot fund will be arranged in the central government's financial subsidy fund for agricultural machinery purchase, and the total amount will not exceed 10 million yuan. The notice is clear that the subsidized object is an agricultural production and operation organization registered with the business administration department, which is engaged in plant protection operation. It mainly includes farmer (agricultural machinery) professional cooperatives, plant protection operation organization, crop pest control organization and so on.

In recent years, Huaibin county has put forward the strategy of "industrial strong counties", of which the textile and garment industry is the leading industry in Huaibin county. Focusing on the leading industries of textile and clothing, Huaibin county industrial agglomeration area has built many "garden gardens", such as Zhejiang textile garden, Su Shang textile garden and textile science and technology experimental base, and now it is located in more than 100 textile and garment enterprises. Its annual output value is over ten billion yuan, forming a large-scale industrial cluster. Nowadays, the textile and garment industry of Huaibin county has basically realized the one-stop of spinning, weaving, clothing and matching. There are 131 textile and garment enterprises in Huaibin, with 1 billion weaving years and 20 million garments annually. By the end of this year, more than 100 textile and garment enterprises will be landing and the scale will be further expanded.

In October 22nd, the reporter learned from the first three quarters of the 2019 Ningbo economic operation press conference that the initial accounting for the first three quarters of Zhejiang, Ningbo, achieved a GDP of 817 billion 50 million yuan, an increase of 6.5% over the same period last year, and the growth rate was 0.3 percentage points higher than that of the whole country. According to the industry, the added value of Ningbo's primary industry increased by 22 billion 30 million yuan, an increase of 2.1%; the second industry realized an added value of 410 billion 560 million yuan, an increase of 5.9%; third industry added value of 384 billion 460 million yuan, an increase of 7.4%. The contribution ratio of three industries to 2.7: 50.2: 47.1, one or two and three yields on GDP growth is 0.9%, 48.1% and 51% respectively. In 2025, Ningbo strives to cultivate 6 leading industrial clusters of fashion, textiles and clothing, sports and stationery, energy conservation and environmental protection.

On October 20th ~22, local time, the 2019 annual conference of the International Federation of textile manufacturers was held in Oporto, Portugal. More than 300 textile industry representatives from more than 30 countries and regions, together with industry renowned experts, manufacturers and investors, explored how to deal with the global challenges and opportunities facing the industry. A total of 63 members of China Textile Association and representatives of outstanding Chinese textile enterprises attended the meeting. The theme of this conference is digital and sustainable development. Around this theme, the conference will start from spinning committee meeting, fiber conference, home textile committee meeting, social labor compliance project progress report, Portugal and European textile industry, future business model construction, fiber and fiber application committee meeting, textile supply chain, technology and innovation, and so on, and discuss the impact of digitalization and sustainable development on the global textile industry.

China and Mauritius formally signed the free trade agreement on the 17 day. This is the first FTA between China and African countries. This agreement will provide a strong institutional guarantee for deepening the Sino Mao Economic and trade relations, inject new connotation into the comprehensive strategic partnership of cooperation between China and Africa, and provide a new opportunity for Sino African Economic and trade cooperation. Since the establishment of diplomatic relations between China and Mao, bilateral friendly and cooperative relations have developed smoothly, and economic and technological cooperation and economic and trade exchanges have continued to develop. China is Mauritius's second largest trading partner and largest source of imports. In 2018, bilateral trade volume reached 842 million US dollars, an increase of 7.29% over the previous year. In the field of trade of goods, China and Mauritius achieved 96.3% and 94.2% of the zero tariff products tax respectively. In the field of service trade, the two sides promised to open more than 100 sectors. This is the highest level of free trade agreement in Mauritius so far in the field of service.