Industry Analysis: News Is Not Good Enough To Block Market Production But Sales Still Fall.

　　  Market brief 

Stimulated by the good news, the cotton futures price linkage between the domestic and foreign countries is rising, and Zheng cotton is still expected to go into the rising market. The spot cotton price has also rebounded slightly. The local part of the ginning factory has taken this advantage to raise the quoted price slightly. The price of Xinjiang seed cotton continues to rise, and the cotton mill continues to purchase and process. The confidence of the whole textile industry chain has been revival. With the futures price rising, the industry guarantee fund will also be coming into the market. It is expected that the spot cotton price will continue to rebound slightly this week, and continue to pay attention to the influence of the related trend of Sino US trade relations on the cotton market.

The price of acrylonitrile is down, and there are many bad news, and the market continues to sell at a low price. Business confidence is limited. The price of the offer is still on the market. Factory prices remain stable, spot trading is scarce, sales of some businesses are the main ones, spot market offers are chaotic, zero star spot quotes are temporarily referred to 11500-11700 yuan / ton, short-term concerns are mainly factory price guidelines, and users of the lower reaches have a strong wait-and-see mentality, and short-term acrylonitrile prices will remain weak and volatile. Acrylic fiber prices remained stable, acrylonitrile plant prices continued to stabilize, acrylonitrile cost pressure is not reduced, although the downstream factory orders situation is not good, some factory yarn prices have dropped steadily, manufacturers of acrylic fiber price bearish mentality continued, but under pressure of cost, coupled with the industry started to maintain a low position, acrylic manufacturers trader mentality steady, it is expected that the short-term acrylic fiber prices will continue to stabilize.

According to the recent report issued by the National Bureau of statistics, as of the end of 2018, the number of invention patent applications in China has ranked first in the world in 8 consecutive years. The number of patent applications and authorized number was 4 million 323 thousand and 2 million 448 thousand respectively. At the same time, the quality of patents has been improved synchronously. For example, in 2018, the number of invention patent applications amounted to 1 million 542 thousand, accounting for 35.7% of the total number of patent applications, 12.9 percentage points higher than that in 1991. Take textile industry as an example, textile patent application has increased by more than 200 times.

In September 17th, the Jiangsu Yancheng City Ecological Environment Bureau publicized the punishment of three environmental illegal enterprises that were recently seized. The three enterprises were all illegal for the textile enterprises, and they were fined 200 thousand yuan respectively. Jiangsu Chia Jia knitted printing and dyeing Co., Ltd., without approval, has used the coal as the fuel of the heat conducting oil stove without approval. The corresponding pollution control facilities have been put into operation without acceptance. The Orman Textile Technology Co., Ltd. of Jiangsu has not built up the supporting environmental protection facilities, and the heat transfer oil stove has been used as fuel for the coal. The Jiangsu gullet textile printing and dyeing Co., Ltd. has not approved the use of coal as the fuel of the heat conducting oil stove without approval, and the corresponding pollution prevention and control facilities have not been completed, which is put into operation.

From "selling textile raw materials" to "selling high-end equipment", Dezhou's foreign trade in Shandong has achieved a "qualitative jump". In 1987, Dezhou's first foreign invested enterprise "plain Lu Fei Knitting Co., Ltd." was set up. In 1993, the first self export marked that Dezhou enterprises began to enter the international market and participate in international competition. From "selling textile raw materials" to "selling high-end equipment", Dezhou's foreign trade scale increased from 760 thousand US dollars in 1990 to US $4 billion 300 million in 2018, which has increased by more than 5000 times. Behind this change is the upgrading of Dezhou's trade structure. In the past 70 years, the structure of Dezhou's foreign trade has escalated from the increase in barter, processing trade to general trade. In 1999, the proportion of processing trade in Dezhou was 70.5%. By the end of last year, the proportion of general trade reached 90.2%. With the completion of Dezhou's industrial system, more and more independent brands, independent intellectual property rights and high-tech products have been exported. Last year, the export of electromechanical products and high-tech products accounted for 58% in Dezhou, 55 percentage points higher than in 1999.

A few days ago, the signing ceremony of the new textile industrial cluster project in Cenxi, Guangzhou Tyson new year cloth Co., Ltd. was held in the conference room of the first floor of the Guangxi municipal government in Guangxi. It is reported that the project is located in the Pioneer Park of Daye Town West (Cenxi), with a total investment of 2 billion 600 million yuan, with a planned land area of about 1000 mu, with a total construction area of about 360 thousand square meters. The overall planning of the project involves several sectors, such as construction production, trading, energy and recycling economy, integrated logistics and warehousing, personalized matching services and cultural tourism. After the project is completed and put into production and operation, it is estimated that the annual output value can reach 2 billion 500 million yuan, and the annual tax payment is more than 150 million yuan, and more than 8000 people can be employed.

According to the Beijing news report, Sheng Hong Group Co., Ltd. and Sheng Hong refining and chemical (Lianyungang) Limited company changed business, Sheng Hong actual controller Miu Hangen left the legal representative. Sheng Hong refining and chemical industry is the main body of "Sheng Hong refining and refining 16 million ton / year refining and chemical integration project". Industrial and commercial information shows that the legal representative of Sheng Hong group is replaced by Tang Junsong, and Sheng Hong refining and chemical company will replace Miao Han root by swimming. Sheng Hong, founded in 1992, has built up a new high-end textile industry chain from printing and dyeing, chemical fiber to petrochemical and refining, and has grown into an innovative high-tech industry group with petrochemical, textile and energy as the main industry. Currently, there are more than 3 employees. In 2018, the wealth of Miao Han was 19 billion yuan.

According to the India economic times, the regional comprehensive economic partnership agreement (RCEP) is carrying out the latest negotiations in Vietnam. The India government is in contact with the main RCEP negotiators to discuss details such as tariff reduction and exemption. The report quoted an official as saying that after signing the RCEP, India could gradually reduce tariffs on 80% Chinese products. "This compromise is less than other countries", such as India plans to reduce tariffs on 86% of Australia and New Zealand products, and to reduce tariffs on 90% of ASEAN, Japan and South Korea. The report quoted an unnamed India official as saying that discussions between India and China are still in progress. In the future, it is likely to eliminate "tariffs" immediately from 28% of China's goods, while the remaining 72% will be gradually reduced tariffs in 5, 10, 15 and 20 years. The economic times said it would give India time to strengthen its domestic manufacturing industry. Last week, the government reduced the corporate tax of new manufacturing enterprises to 15% to attract investment.

According to foreign reports, Australia is now entering the new cotton planting period, but the drought problem in the cotton growing area is increasing. This year most of the cotton planting in irrigated fields depends on surface water. In August, 7000 hectares of seeds were planted in the central part of Queensland. Now the water supply can only be planted so much. If there is more irrigation water in the late stage, there will be some more plants before the end of this year, but the total area will be far below the normal level of 1.5-1.6 million hectares. The Australian cotton association predicts that Australia's cotton output will be only 850 thousand packs (about 193 thousand tons) in 2019/20, which is second low in the past 30 years and only 601 thousand and 800 packs (about 137 thousand tons) in 2007/08. In 2018/19, cotton production in Australia was 2 million 100 thousand packs (about 477 thousand tons), more than half of the 4 million 600 thousand package (about 1 million 44 thousand tons) in 2017/18.