PTA Has Been Innovating Repeatedly. Sticky Short Weak Steady Decline, Yarn Enterprises To Deal With Weakness, Due To Production And Marketing.

Market brief

Zheng cotton opened high and fell back, and the Bulls reduced their positions significantly. Recently, foreign media sources said that the White House executives opposed the Sino US synchronous tax cuts, and the "positive cotton", with the advent of the off-season, Zheng cotton still had a concussion. The spot price of cotton continued to rise slightly, and there was little change in the purchase and sale of the market. The delivery was mainly based on the old customer orders. With the acquisition of seed cotton, the cost of cotton enterprises was basically locked. In terms of seed cotton, seed cotton is basically unlimited in North Xinjiang. The acquisition of cotton ginning plant is coming to an end. The machine picked cotton in southern Xinjiang is coming to an end. Picking cotton picking will last until the end of this month. The picking of cotton seeds in the mainland is basically over, but the seed cotton sale volume is less than 5. Downstream cotton mill wait-and-see sentiment is still strong, at present, the sale of lint is mainly purchased by traders. In terms of imported cotton, sales of Brazil cotton have improved, prices have generally increased by 100 yuan / ton, other resources are flat, demand is not good, cotton prices continue to rise, lack of effective kinetic energy, short-term will be stable, attention to Sino US peace talks trend and downstream cotton mill demand changes.

The price of acrylonitrile is still weak. The mainstream factory quotes are narrowly narrowed. The spot retail mainstream quotation is 10500-10600 yuan / ton. Sporadic high and low end offers are heard. Businesses keep on the market as required by the market, and the market continues to continue as a whole. The market maintains a bearish atmosphere and the business offer remains weak. The price of acrylonitrile is expected to remain weak in the short term. Acrylic fiber prices continue to be stable, the overall movement is not large, demand performance is general, terminal factory empty mentality is obvious, raw material procurement enthusiasm is not high, although the current cost support is still weakened, but the acrylic fiber industry capacity utilization rate remains relatively low, factory operator mentality is stable, it is expected that the short-term acrylic fiber prices will remain stable.

According to customs statistics, in the first 10 months of this year, the total value of imports and exports of China's goods trade was 25 trillion and 630 billion yuan, an increase of 2.4% over the same period last year. Among them, exports amounted to 13 trillion and 990 billion yuan, an increase of 4.9% over the same period, and imports of 11 trillion and 640 billion yuan, down 0.4% from the same period last year. The trade surplus was 2 trillion and 350 billion yuan, an increase of 42.3% over the same period last year.

According to customs statistics, in October 2019, China exported 71 billion 730 million yuan (US $10 billion 155 million 100 thousand) of textile yarns, fabrics and products, an increase of 3 billion 350 million yuan, an increase of 4 billion 850 million yuan compared with the same period last year. In 2019, China exported 68 billion 70 million yuan of textile yarn, fabrics and products, and 645 billion 550 million yuan in the same period last year, an increase of 5.5% over the same period last year. In October 2019, China exported garments and accessories 89 billion 820 million yuan (US $12 billion 712 million 900 thousand), a decrease of 13 billion 560 million yuan, a decrease of 2 billion 930 million yuan compared with the same period last year. In 2019, China exported garments and accessories 862 billion 410 million yuan, which was 862 billion 310 million yuan in the same period last year, unchanged from the base.

According to the data released by China's cotton notarization inspection network, as at 24 o'clock in November 6, 2019, 829 cotton processing enterprises in the whole year of 2019 cotton processed cotton according to the requirements of the cotton quality inspection system reform plan, and carried out notarization inspection. The inspection volume reached 6366655 packages and 1 million 438 thousand and 207 tons. Among them: Xinjiang: 754 processing enterprises, notarization inspection of 6252580 packages, 1 million 412 thousand and 537 tons. Mainland: 75 processing enterprises, notarization inspection of 114075 packages, 25 thousand and 670 tons.

The Ministry of Commerce announced the important conditions for reaching an agreement between China and the United States. In November 7th, the first regular press conference of the Ministry of Commerce disclosed the latest progress of Sino US economic and trade consultations. Ministry of Commerce spokesman said that during the past two weeks, the leaders of the two sides made a serious and constructive discussion on properly resolving their core concerns and agreed to phased out the tariff increase with the progress of the agreement. This will help stabilize market expectations and benefit the economic and world economies of China and the United States, which will benefit producers as well as consumers. "China's position on tariffs is consistent and clear. Trade wars should start with a higher tariff and should be abolished by adding tariffs. As for how much the first phase can be cancelled, it can be agreed according to the contents of the first stage agreement. If China and the United States reach the first stage agreement, they should cancel the additional tariff according to the agreement and the synchronous ratio, which is an important condition for reaching an agreement. The summit emphasized.

Recently, the Ministry of agriculture and rural market early warning expert committee released the analysis of cotton supply and demand situation in November. This month, cotton export volume in 2018/19 is estimated to be 50 thousand tons, an increase of 10 thousand tons from last month's estimate. The total domestic consumption of cotton is 8 million 240 thousand tons, down 10 thousand tons from last month's estimated value. Other estimates this month coincide with last month. This month, cotton picking is coming to an end in 2019/20. As of the end of October, the national cotton picking rate has exceeded 85%, and the picking and selling progress is higher than last year. Affected by the fall in pre cotton prices and the downturn in consumption, the progress of lint processing and sales fell behind last year. Cotton production is forecast to be 5 million 800 thousand tons this month, unchanged from last month's forecast. In October, the climate suitability of cotton in China was lower than that of last year and nearly 5 years, or had adverse effects on cotton production in the new year. However, the cotton sale has not been completed this year, and the extent of its impact still needs to be observed. The cotton export volume in the new year has been adjusted to 60 thousand tons, an increase of 20 thousand tons from last month, and cotton consumption accordingly reduced by 20 thousand tons to 8 million 30 thousand tons. The sale price of seed cotton fell year by year in 2019/20, which is in line with expectations, and cotton price forecast remains unchanged.

In November 4th, Zhejiang Hengyuan Chemical Fiber Group Co., Ltd. signed a "industry university research cooperation agreement" with Donghua University at Hengyuan group headquarters. Based on the needs of long-term strategic development, the two sides set up the following three basic frameworks for scientific cooperation: first, establish close scientific and technological cooperation, set up the main research directions, and set up a joint project team to establish relevant personnel and implementation plans; two, the two sides establish information sharing platform, identify the positioning of research products, jointly develop new products, and implement industrialization; three, the two sides apply for national, provincial and municipal scientific research innovation projects or key new product projects every year, and declare relevant science and technology awards.

China cotton net: cotton picking has come to an end in the the Yellow River River Basin recently. Cotton is characterized by rising seed cotton, weak lint and difficult yarn pulling, and the confidence of all parties is not strong. As of November 7th, cotton picking in Shandong and Hebei was over 85%, and in some areas, such as Dezhou, Binzhou, Cangzhou and Hengshui, 95% were completed. This year, cotton production per unit area in most parts of Shandong is basically flat compared to last year. Prices of seed cotton all rose in varying degrees. Main reasons: first, cotton seeds have risen sharply. Nowadays cottonseed is hard to find, and the cottonseed oil season is high and cotton seeds are scarce and expensive, and there is still room for improvement. The two is the amount of seed cotton. This year, the cotton planting area in the the Yellow River river basin is basically the same as last year, but most of the ginning plants feel that this year there is no cotton to harvest. Where are all the cotton? While the price of seed cotton is rising, lint prices remain stable, indicating that the downstream is still weak. The whole cotton and yarn industry chain is still in the doldrums. Although futures and cottonseeds have risen to varying degrees in recent years, cotton and yarns will still maintain their current level. Downstream demand and Sino US trade consultation are the key factors affecting the price trend in the later stage, and we need to pay close attention to them.

Morocco's Economist Newspaper reported that Lamatem, the first factory specializing in producing medical textiles in Morocco, was formally put into operation in the 120 million year ago, and the investment amount was about 850, which is expected to bring 850 jobs.