From Flourishing To Light, It Is Not For Shipment, But For Money Back.

Market brief

Zheng cotton shock dropped, bull cut, high pressure near the market, the market rumors that Sino US trade agreement may be signed in November, it is expected that Zheng cotton shock wait and see. Zheng cotton fell, the spot cotton price rise was blocked, and downstream demand was obviously weak. In the same period last year, downstream textile enterprises were mainly used as mining enterprises, and the atmosphere of buying and selling in the lint market is still relatively cold. Traders purchase mainly, the pressure of the cotton mill is high, the price of seed cotton rises rapidly, the cost is high, and the operation of the cotton mill is difficult. In terms of imported cotton, inventory has declined. As of the end of October, the total inventory inside and outside the port bonded area is about 437 thousand tons. At present, the hot selling resources of Brazil port are still dominated by cotton and cotton in Australia. With the consumption of raw materials in the early stage of spinning enterprises, some enterprises will have more desire to replenish the warehouse, especially holding 1% tariff quota enterprises, replenish a certain quantity of goods on demand, and the short-term port inventory is limited.

The market for acrylonitrile continued to decline slightly, and most factory quotations fell slightly. The spot retail quotation was temporarily referenced to 10700-10800 yuan, limited market trading, less retail spot trading, and the business quotation was mostly crescent price. A solid deal was concluded. In the early days of the 50 day plan of Anqing petrochemical project, the supply of acrylonitrile was less than expected in October, but the demand side shifted from prosperous to light, while the downstream users maintained the rigid demand procurement. Under the game of supply and demand, the market remained calm, and the price of acrylonitrile in short market will continue to be stable and weak. Acrylic fiber prices continue to be stable, factory offer mentality is stable, acrylic fiber cost support has weakened, but at present, most of the factory equipment load in 5-7, factory profit pressure continues, factory initiative to cut price intention is limited, downstream factories cautious need to make up the main order, acrylic terminal demand is expected to turn from light to flourish, the market to see the air atmosphere is not reduced, it is expected that the short-term acrylic fiber short price will continue to stabilize, pay attention to cost changes and factory new news guidelines.

On the evening of November 1st, the CPC Central Committee Political Bureau member, the vice premier of the State Council, and the Chinese leader of the Sino US comprehensive economic dialogue, Liu He, spoke with the US trade representative, Mr. lettchet, and finance minister Mnuchin. The two sides held serious and constructive discussions on properly resolving their respective core concerns and reached consensus in principle. The two sides discussed the arrangements for further consultation. "30, the US Treasury Secretary Mnuchin said that the Sino US trade agreement could be signed in November." the New York Times reported on the 31 day that Mnuchin, who is visiting the Middle East, said that the United States and China are moving towards the signing of the first stage trade agreement next month, and the two sides are finishing the final agreement for the agreement.

In November 2nd, the third China Textile intangible cultural heritage conference was opened at the student hall of Kunming college. More than 200 guests from home and abroad, leaders from universities and colleges, artists of non heritage and artists attended the conference. The theme of this conference is "opening up a new era of inheritance and development of textile heritage". The 3 day conference will promote the inheritance, development and innovation of textile intangible cultural heritage through multiple keynote speeches, seminars, exhibitions and experiences. In addition, the conference has also organized special exhibitions on textiles, heritage, exhibition, the non autumn market of the University and the traditional skills experience of textile heritage.

According to sources, in order to meet TOYOTA's plans to increase production in China, TOYOTA's textile program of TOYOTA Group invested 11 billion 300 million yen (700 million yuan) to build new factories in Tianjin to produce filters for automobiles. At the same time, the capacity of the old factories in Tianjin will be transferred to the new factories, and 30% of the production capacity will be increased. TOYOTA textile hopes to expand orders by producing high-performance filters of PM less than 2.5 m and further drive TOYOTA automobile development in China. The total area of the new plant is about 32 thousand and 500 square meters, which is more than half the production area of the old factory, and is ready for the production of more and better cabin air filters and engine filters. At the same time, the factory has been able to control the whole process in resin shell and filter.

"Textile light" cotton textile industry key technologies to promote energy saving and emission reduction promotion activities - the industrial cluster promotion and promotion conference was held in Linqing City, Shandong Province in October 31st. Linqing is China's cotton textile industrial cluster. In 2008, it was awarded the title of "China's famous cotton textile city" and "China's wax printing city". Now it has 453 textile and garment processing enterprises, 380 spindles and 15 thousand looms. It produces 186 thousand tons of all kinds of yarns, 710 million meters of cloth and 30 million pieces of garments each year. In 1-9 months of this year, 57 Textile Enterprises above Designated Size realized 6 billion 207 million yuan in total output value, 6 billion 600 million yuan in main business income, and 123 million yuan in profits and taxes. Jin Hao Zhuang town is Linqing textile town with 1 million spindles. At this meeting, Jin Hao Zhuang was awarded the title of "China's cotton textile town".

According to the Urumqi Railway Administration of Xinjiang, the current preferential policies for railway freight rates have remained unchanged since November 1st, and 60 tons of box cars have fallen 20% and 70 tons of box cars have fallen 30%. However, the price of highway transportation has increased recently. Over the past two years, with the increase of Xinjiang futures warehouses, the number of enterprises in the Xinjiang cotton store has been greatly reduced in sales, and only the textile enterprises purchase and use them for transportation. Generally speaking, the textile enterprises need to go directly to the factory because of their need, so they choose more automobile transportation. If the train is transported, first, the short distance transportation after the station is more troublesome. Two, the time will be extended. Therefore, it is urgent for cotton enterprises to choose automobile transportation. Recently, the price of motor transport has been increasing. This year's cotton subsidy policy requires that motor transport will also provide transport invoices, and to some extent, increase transport costs. In the case of relatively tight vehicle capacity and high freight rates, preferential train transportation is also the best choice.

To promote the comprehensive competitiveness of China's textile and garment enterprises, the China Federation of textile industry has continuously carried out the evaluation of the competitiveness of the more than 10 China's textile and garment enterprises, playing an important role in promoting the transformation of development mode and expanding the brand influence. The evaluation of the competitiveness of China's textile and garment enterprises in 2018~2019 (the top 500 competitiveness of China's textile and garment enterprises) was launched in April and will be closed in November 15th. Key enterprises should be submitted to the China Textile Industry Federation Industrial Economics Research Institute before November 15th.

Recently, the United States suddenly announced that it would abolish the "GSP tariff treatment" for more than 500 commodities in Thailand in April 2020, which would cause Thailand's export revenue to lose more than 40 billion baht (about 1 billion 300 million US dollars). The US side said the move was a punishment for Thailand's failure to reach international standards in protecting labor rights and interests. The measure will come into effect in April 25th next year, when 573 kinds of Thailand products will be subject to 4.5% import duties, including agricultural products, seafood, fruits, vegetables and daily necessities, which will result in a decline in Thailand's exports to the United States next year. However, most of Thailand's exports to the United States will not be affected by the abolition of the general assembly, which in general will have limited impact on Thailand's exports.