The Weather Is Cool. It'S Still A Warm Business. What'S The Demand For Waiting?

Market brief

In September 19th, 11971.5431 tons of resources were sold out of the cotton reserves, with a turnover of 11861.5251 tons, with a turnover rate of 99.08%. The average transaction price was 12160 yuan / ton, up 106 yuan / ton compared with the previous trading day, and the price of 3128 yuan was 13297 yuan / ton, up 76 yuan / ton compared with the previous day. Xinjiang cotton trade average price of 12545 yuan / ton, Xinjiang cotton discount 3128 price 13657 yuan / ton, Xinjiang cotton price increase 1119 yuan / ton. The average price of real estate cotton is 11837 yuan / ton, the price of real estate cotton is 3128 yuan, 12994 yuan / ton, and the increase rate of real estate cotton is 456 yuan / ton. From May 5th to September 19th, the cumulative turnover of cotton reserves totaled 920 thousand and 700 tons, with a turnover rate of 86%.

The main force of Zheng cotton was slightly lighten up, and there was a lack of fundamentals and news support. The main force of short-term Zheng cotton returned to concussion. The weather in Xinjiang and Sino US negotiations in the harvest season were closely watched. Cotton purchase and sale is difficult to increase significantly, the market is limited, the turnover is limited, the cotton reserves are coming to an end and the cost performance is relatively high. The industry has a higher enthusiasm for the auction, and the price of the Xinjiang cotton has been increasing gradually, especially in the southern Xinjiang. The new cotton industry has picked up more and more cotton enterprises have started to increase their scales. However, the cotton farmers are still reluctant to sell, and the new cotton market is limited in the short term. With the increase of new cotton market, the contradiction between the oversupply of domestic cotton and cotton has become increasingly prominent. The upward pressure on cotton prices is still large in the new and old year alternation stage, and the spot cotton prices are still mainly stable, and the latest progress of Sino US trade negotiations is concerned. Spot cotton prices continue to be stable, downstream demand has not seen substantial improvement, cotton mills just need to buy, leather.

The price of acrylonitrile is kept on the side of the market. There is no obvious guidance on the market information. The mainstream factory offer is maintained, the middlemen are cautious in trading, the downstream users just need to receive the supporting tray, the new equipment is expected to be released, the operators are cautious about the mentality of the traders, the business owners are not confident enough, and the downstream factories with a strong wait-and-see mentality, demand for stocking before the national day, tight supply in the spot market, and a strong mentality for supporting businesses. Acrylic fiber prices continue to stalemate, terminal demand is still no obvious improvement, the downstream cotton mill orders generally, the market bearish atmosphere continues, acrylic production and marketing rhythm is temperate, but raw materials acrylonitrile prices continue to narrow oscillation, acrylic fiber cost surface support still exists, and northeast big factory plan to overhaul, manufacturers steady price offer mentality continuation, the short term acrylic fiber price is expected to maintain horizontal finishing.

On the 16-19 th of September, China Cotton Association went to Xuchang, Henan, Shandong, Heze, Jining, Zouping and other places to visit the textile enterprises, mainly to understand the current market situation and the production and operation of enterprises. This visit mainly focuses on large and medium-sized enterprises, and some of the customers are relatively stable. The upstream and downstream enterprises are "warming up and developing together", maintaining normal operation and basically full load production. Some enterprises are affected by trade wars, and enterprises are slightly deficient in starting up. It is understood that the small business start-up enterprises around the survey is relatively poor. Because of the complicated international trade situation and frequent adjustment of financial policies, the downstream customers are weak, and the downstream customers are cautious. Some enterprises directly export to the United States home textiles products orders have been greatly affected, enterprises actively looking for new orders in Southeast Asia and other regions, and vigorously explore the domestic market. According to the survey, in the face of the current situation, most enterprises are actively adjusting their mindset, while ensuring normal production, and with full confidence, strive to "improve their internal strength", carry out a series of work such as "finding gaps and grasping shortages", "saving energy and reducing consumption from me" and so on. Some enterprises improve their employees' stability and get better results by taking more days off a week.

The US Federal Reserve announced on 18 March that the target range of the federal funds rate will be cut by 25 basis points to 1.75% to 2%. This is the second time the Fed has cut interest rates this year, which is in line with market expectations. The Federal Reserve issued a statement after the end of the monetary policy meeting that day, saying that since July, the US economic activity has continued to grow moderately, household expenditure has grown strongly, the employment market has been growing steadily, and the unemployment rate has remained low. However, investment and export of fixed assets have weakened. In the past 12 months, the overall inflation rate and core inflation rate after excluding food and energy prices were all lower than 2%. The statement said that considering the impact of the global situation on the US economic outlook and moderate inflationary pressure, the Fed decided to cut interest rates, but the uncertainty faced by the US economy still existed. For the future federal funds rate trend, the Fed will continue to pay attention to the US economic situation and take appropriate actions to maintain the expansion of the US economy. Federal Reserve Chairman Powell said at a news conference the same day, the Fed's interest rate cuts were mainly aimed at coping with the risks posed by trade policy uncertainty, slowing global economic growth and low inflationary pressures to maintain the expansion of the US economy. The quarterly economic forecast released by the Fed on the same day shows that the US economy will grow by 2.2% and 2% respectively in the next two years, and the unemployment rate will remain at 3.7%.

In order to meet the needs of the cotton processing enterprises in processing the imported lint for public inspection, the Chinese fiber quality monitoring center has agreed with the office of the leading group of cotton target price reform in the autonomous region, and is scheduled to open the online warehousing reservation of the Xinjiang cotton professional supervision warehouse from 12:00 on September 23rd. The specific operation measures are as follows: before October 15th, when the number of regulatory warehouses in the Hami and Turpan regions of the eastern Xinjiang reached 200 tons, and the number of other warehouses in the north and South Xinjiang regulatory warehouses reached 400 tons, the national cotton trading market uniformly announced that the fiber inspection institutions, supervised warehouses and processing enterprises were warehousing on a designated date. After October 15th, the daily storage capacity of the warehouses was booked up normally. All processing enterprises should go to e cotton net or Xinjiang to supervise the cotton net, and make an appointment according to Xinjiang's supervision cotton booking process, and conduct warehousing and conduct public inspection in accordance with relevant processes.

Because of the variable temperature in spring, the cotton growth cycle is postponed for 10 days longer than usual. In the southern Xinjiang, a few hand picked cotton has been picked, and the machine picked cotton in North Xinjiang is still in the stage of defoliation. Large area mining is expected to start in late September to early October. In September 7th, Kuitun ginning factory in Northern Xinjiang adopted high quality and high price strategy, and the 40% linen price of cotton picking cotton picking was 6.2-6.3 yuan / kg, compared with 7.3 yuan / kg last year, which dropped by 1 yuan / kg. In the southern part of Xinjiang, the price of three grade lint factory has been quoted to 12500-12600 yuan / ton (gross weight and ticket), down 500-900 yuan / ton compared with last week. There are 2 open scale acquisitions in Akesu, 2-3 in Bachu, and 5 yuan / kg in the purchase price (40% of lint and 13% below water), which is down by 1.5-2.5 yuan / kg compared with last year's purchase price. Mainland flower pickup workers are arriving in Xinjiang. The destinations are bole, Shihezi, Kashi, Akesu, Hotan, Bazhou and so on. The cost of picking flowers is estimated at 1.7-1.8 yuan / kg this year. At the same time, cotton farmers worry that the purchase price of seed cotton is "high before and after low" trend, with the trend of early picking as early as possible.

In September 18th, Rongsheng Petrochemical announced that in order to further enhance the company's perfect industrial chain advantages and enhance market competitiveness, expand the market scale of the company's products and reduce the unit cost of the products, the Zhejiang Yisheng New Material Co., Ltd. (Yisheng new material), a subsidiary of the company, intends to invest in the construction of the "annual output of 6 million tons PTA project". The project is implemented in two phases, and the total investment of the project is estimated to be 6 billion 731 million yuan. The project calls for the use of its own advanced PTA production process, fully relying on the utility engineering of the aromatics plant of Ningbo CICC petrochemical company. The construction conditions are convenient, which will greatly help enhance the overall cost competitive advantage of the company, and will not have a significant impact on the company's financial position. Up to now, the domestic PTA capacity has increased to about 47 million tons. Yisheng, Hengli, the original Far East, the original Xiang Lu four enterprises accounted for more than 60% of the existing capacity, the domestic PTA industry has completed the reversal of the leading power from state-owned enterprises to private enterprises, and the market has turned from oversupply to oversupply.

The first provincial-level functional textile inspection organization in Northwest China, the Shaanxi functional textiles quality supervision and inspection center, was unveiled. The Shaanxi functional textiles quality supervision and inspection center was approved by the provincial market supervision bureau in 2018 9, and was prepared by the Xi'an textile textile supervision and Inspection Institute. After 10 months of careful construction, it passed the inspection and acceptance in a comprehensive way, and became the first provincial-level functional textile inspection institution in the Northwest region. At present, the center has 28 functional and testing capabilities of 96 parameters, such as textiles, clothing, UV, linearity, flame retardance, antibacterial, moisture permeability and breathability, which can meet the needs of the rapid development of functional textiles in the whole province. The completion of the center fills the gap in the field of functional textiles inspection and research in Shaanxi province.

Taiwan's textile industry is constantly innovating, and functional fabrics are welcomed by international factories. 7, this week, New York businessmen sold and visited their customers in this week, with the yarns made from lice scales, mosquito repellent and antibacterial fabrics to attack business opportunities, and open up the blue ocean in a fashionable city. The sales team arrived in New York on the 16 th, and 7 of the 7 companies, such as Rica digital, Cheng Jia Ke, jia chang, Cai Yu, Jing'an, Ningmei, and woo woo, visited the brand manufacturers in addition to the exhibition in New York. Fiber is mainly made from the scale of lice fish. The fabric made of it contains collagen, which has moisture, odour and UV resistance. It is mainly applied to body clothing and bedding. Because New York is drier than Taiwan and sensitive skin is itchy, the industry thinks it is an attractive marketing slogan to wear skin care products. The US market plays an important role in Taiwan's textile industry. According to official import and export data, the United States is the third largest export market of textiles in Taiwan in the first half of this year. Its total export value is US $348 million, increasing by 1% annually. It is the only country in Taiwan's top 5 export markets.

India's Cotton Corp (CCI) said recently that as the private sector of the country could keep a wait-and-see look at the acquisition of new cotton, CCI has begun preparing for the new year's cotton purchase, with a planned acquisition of 10 million packs, accounting for 1/3 of the total output. CCI said that because of the global recession, the fall in international cotton prices and the increase in cotton imports, India's industry was worried that spot prices would be lower than MSP. However, CCI believes that it is not necessary to enter the market until conditions are ripe. It is reported that since September, the cotton producing areas in India have been overcast and rainy. The weather in September 15th -10 15 is particularly important. New cotton needs enough light to ensure a good harvest.