The Terminal Is Slightly Warmer, The Raw Materials Tend To Be Stable, The Regional Difference Of Yarn Is Increased, And The Low Price Shipment Is Accelerated?

Market description

Zheng cotton opened a small low, fluctuated upward in the afternoon, closed up slightly, short-term target of 12500, pay attention to the follow-up performance of Zheng cotton. Lint spot market performance is stable, market buying and selling activity is still not high, cotton manufacturers are active in shipping, some point price resources change month, basis has been adjusted, downstream yarn enterprises have a large inventory of finished products, and there is a need to determine production, lint procurement is relatively cautious, not only to consider the cost of lint, but also to consider the change of orders and capital occupation in the future Recently, ginning plants have gradually begun to prepare for the purchase of new cotton. The overall supply and demand environment is still not optimistic. The buy it now price of imported resources is good, and all the reserved cotton is completed. In the short term, the downstream operation is mainly based on demand, and the spot lint price is stable and slightly strong.

On August 12, 8967.875 tons of sales resources were sold by the reserved cotton wheel, and the actual transaction volume was 8967.875 tons, with a transaction rate of 100%. The average transaction price was 11764 yuan / ton, down 15 yuan / ton from the previous day, or 13144 yuan / ton at 3128 yuan, up 86 yuan / ton compared with the previous day. The average transaction price of Xinjiang cotton was 11875 yuan / ton, 4 yuan / ton higher than that of the previous day, and the price of Xinjiang cotton was 13284 yuan / ton at 3128 yuan / ton, 107 yuan / ton higher than the previous day, and the price increase of Xinjiang cotton was 1157 yuan / ton. The average transaction price of real estate cotton was 11581 yuan / ton, which was 1 yuan / ton lower than the previous day. The price of 3128 yuan / ton of real estate cotton was 12912 yuan / ton, which was 108 yuan / ton higher than that of the previous day. The price increase of real estate cotton was 785 yuan / ton. From July 1 to August 12, the total transaction volume was 261002.5697 tons, with a turnover rate of 100%.

The market price of acrylonitrile was stable, the news was calm, and the supply and demand side showed a weak balance. Under the cost pressure, the factory maintained the rhythm of production restriction, but the downstream demand was flat, and there was no room for further growth. The market trading was weak, and the price of raw materials was firm. The loss of acrylonitrile enterprises continued, the rise was weak and there was no risk of falling. It is expected that acrylonitrile will be in the near future Market price narrow range of consolidation. The market situation of acrylic staple fiber is stable, the news is calm, and the price of raw materials is not fluctuating. Meanwhile, the overall operating load of acrylic fiber factory is around 75%, with good production and sales, and there is no pressure on inventory. However, most of the products are converted into downstream yarn inventory. Before the improvement of domestic sales, it is expected that the fluctuation space of acrylic fiber price is limited, and attention should be paid to the cost change and the recovery of downstream demand.

On August 10, Fengzhu textile disclosed the semi annual report of 2020. During the reporting period, the company realized operating revenue of 419 million yuan, a year-on-year decrease of 18.10%; the net profit attributable to the shareholders of the listed company was 9.0403 million yuan, a year-on-year decrease of 48.88%; the net profit attributable to the shareholders of the listed company after deducting non recurring losses and profits was 8.2792 million yuan, a year-on-year decrease of 47.22%. As for the decrease of income, Fengzhu textile is mainly involved in weaving, dyeing and finishing business, which is the intermediate link of the textile industry chain. It will eventually provide knitted dyeing and finishing fabrics for the clothing industry, mainly for various children's wear, sportswear, medium and high-grade T-shirts and underwear manufacturers. Fengzhu textile said it was mainly due to the impact of the epidemic, the sales revenue of Jiangxi subsidiary decreased significantly year on year.

Since the autonomous region proposed to vigorously develop the textile and clothing industry to promote employment planning, the Xinjiang branch of the export import bank has issued loans of more than 5.5 billion yuan to textile and garment enterprises in the region. Before that, Xinjiang Litai Silk Road Investment Co., Ltd. had a certain funding gap in the procurement of raw materials. Xinjiang branch of the export import bank actively uses the special refinancing of the people's Bank of China to provide funds for enterprises and help them relieve the pressure of financial turnover. In addition, the bank also issued 42 million yuan of import credit to support Xinjiang Litai to build 1.2 million spindles phase III spinning project in Korla City, and continue to support enterprises to expand production and increase. In Yingjisha County, Yingjisha Qilu textile and Garment Co., Ltd., a leading poverty alleviation enterprise, was hindered in product sales and slow in fund withdrawal. After learning the news, the bank communicated with the company for many times, adjusted the repayment plan of 159 million yuan of stock loan and delayed the payment of relevant interest of 2.08 million yuan, which ensured the normal production and operation of the enterprise.

Recently, under the framework of the memorandum of cooperation between the Ministry of Commerce of China, the Ministry of economic cooperation of Germany and the Ministry of trade and industry of Ethiopia, the trilateral cooperation project on investment and operation of Sustainable Textile Industry jointly implemented by the United Nations Industrial Development Organization, the China Textile Industry Federation, the German international cooperation agency and the Ethiopian Textile Industry Development Institute has officially launched! Dr. Liang Xiaohui of CFA said that the project will cooperate in the next two years to help China invest in textile enterprises and the sustainable development of local supply chain in Africa, which is the first stop of such trilateral cooperation projects in Africa and the first formal project of the soon to be established "China Enterprise Social Responsibility Alliance in Africa".

This year, the operating revenue of Fortune 500 enterprises reached 33 trillion US dollars, a record high, close to the total GDP of China and the United States. The threshold for entry into the rankings (minimum sales revenue) also increased from $24.8 billion to $25.4 billion. It is worth noting that there are 5 textile and garment enterprises in the Fortune Global 500 list 2020, including Hengli Group, COFCO Group Co., Ltd. (China Textile), Shandong Weiqiao Venture Group Co., Ltd., Shenghong Holding Group Co., Ltd., and China General Technology (Group) Holding Co., Ltd.

Changshan Beiming (000158. SZ) announced that during the period from January 1 to July 31, 2020, the company and its subsidiaries have received a total of 11.0815 million yuan of various government subsidies in addition to the land compensation of 871 million yuan from the original Fifth Branch of the company.

Rongsheng Petrochemical Co., Ltd. released the semi annual report of 2020 on the evening of August 11. During the reporting period, the company realized a business income of 50.282 billion yuan, a year-on-year increase of 27.32%; the net profit attributable to shareholders of listed companies was 3.208 billion yuan, with a year-on-year increase of 206.55%. During the reporting period, the operating income of refining products and chemical products of Rongsheng Petrochemical increased by 242.34%, mainly due to the commissioning of phase I project of Zhejiang Petrochemical Co., Ltd., and the corresponding business income increased; the operating income of polyester chip increased by about 80.71%, mainly due to the production of yishenghua bottle chip project of its subsidiary company, and the corresponding business income increased; the operating income of polyester fiber decreased by about 35%, mainly due to the epidemic situation and the decline of crude oil price The decline of other business income was mainly due to the decline of polyester fiber unit price and other business. Rongsheng Petrochemical said that after the first phase project of "40 million tons refining and chemical integration project" of Zhejiang Petrochemical Company was put into operation, the production of each unit was progressing smoothly, the operating load was steadily increased, and the benefit release was obvious. In the first three quarters of this year, the net profit attributable to the parent company was expected to reach 5.5 billion yuan-6 billion yuan, an increase of 197.94% - 225.03% compared with 1.846 billion yuan in the same period of last year.

As one of the series activities of China Textile intangible cultural heritage conference, the selection of Chinese textile intangible cultural heritage promotion ambassadors has been widely participated in and concerned by all walks of life. In order to make it more meaningful and carry forward, the selection of China's textile intangible cultural heritage Promotion Ambassador in 2020 was launched in June. After solicitation, recommendation and strict preliminary evaluation by the organizing committee, a total of 25 candidates from home and abroad have been determined, involving 16 provinces, cities, autonomous regions and 4 ethnic minorities. According to the selection procedure, the shortlisted candidates will be publicized from August 11 to August 14. The final selection and nomination will be announced at the fourth China Textile intangible cultural heritage conference.

On August 6, 2020, the office of the U.S. trade representative released a list of products with an extended period of exclusion due to a tariff increase of $200 billion. The original exclusion period was scheduled to be effective until August 7, 2020, US Eastern time. The notice hereby decides to extend the validity period of exclusion of some products from August 7, 2020 to December 31, 2020. There are 997 items in the original U.S. tariff exclusion list of 200 billion yuan. 266 products (including 21 completely excluded products) have been extended, accounting for about 1 / 4 of the original list, including 24 textile and clothing product tax codes. 731 products have not been extended, accounting for about 3 / 4 of the original list, including 27 textile and clothing product tax codes. These products will be in the eastern part of the United States From August 7, 2020, 25% tariff will be imposed again.

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