Overshoot Rebound, Cotton Prices Meet The Opportunity To Rise Again? Polyester, Short, Sticky, Short And Down, Yarn Price Or Risk Of Falling?

Market brief

In March 18th, China Cotton Reserve Management Co., Ltd. planned to purchase 15000 tons of Xinjiang cotton, and the actual turnover was 11040 tons, with a turnover rate of 73.6%. The average price was 12899 yuan / ton, of which 11040 tons were in the mainland bank. From December 2nd to March 18th, the total turnover of Xinjiang cotton reached 258000 tons, of which 12480 tons were accumulated in the Xinjiang warehouse, and 245520 tons in the mainland stock market. A total of 93 enterprises were auctions. This week (March 16th -3 20), the highest price limit was 12901 yuan / ton (standard 3128B price), down 243 yuan / ton compared with the previous week. As of the end of March 31st, there will be less than 10 working days. Cotton enterprises should pay attention to the opportunity to save and store, so as not to miss the opportunity to sell.

Zheng cotton went on and off, rebounded, and cut short positions in a small margin. The volume of transactions was short and the trend of short-term Zheng cotton still fluctuated with the macro economy. The price of spot lint is stabilized, and fixed demand transactions are the main ones. Generally, the goods are not moving fast, the current external environment is affected, the market is pessimistic, and the demand for cotton is slow to recover. Moreover, the downstream cotton yarn appears to be exhausted due to the shortage of orders after the festival. The cotton price trend is hard to find support, but with the release of panic and the support of domestic policies, the next cotton market trend. We will gradually restore rationality. In view of the current weak demand and the decline of future consumption expectations, short-term cotton prices will still not rebound substantially, and we expect to maintain the trend of low volatility consolidation.

The acrylonitrile market is weak and consolidated, the prices of mainstream factories are stable, businesses continue to be cautious in operation, and close to factory settlement, and intermediaries are expected to have a steady market offer. At present, the recovery of the terminal market is slow, the load on the downstream factories is limited, and the demand for goods is maintained. Prices continue to be weak and focus on factory news. Acrylic fiber market stabilization, raw material acrylonitrile price weak consolidation, acrylic fiber cost support insufficient, although factory offer temporarily stable, but the downstream bearish mentality continues, the market trading atmosphere is general, acrylic fiber price has certain downward space, pay attention to the change of factory prices at the end of the month, short term temporary stability is the main.

Meng Wei, spokesman for the national development and Reform Commission, said at a news conference on 17, that the resumption rate of Industrial Enterprises above designated size has increased rapidly, and Zhejiang, Jiangsu, Shanghai, Shandong, Guangxi and Chongqing have reached nearly 100%. The consumption of electricity in nonferrous metals industry has reached the normal level last year. The electricity consumption in the pharmaceutical, chemical and electronic industries has returned to normal level of over 90%, and the electricity consumption in the steel, machinery and textile industries has returned to normal level of more than 80%. The number of railway loading has returned to normal level, and civil aviation, ports and waterways are operating normally.

In the near future, according to the listing process of polyester staple fiber and bottle poly (ethylene terephthalate two ester) (PET) resin futures, the Zhengzhou Mercantile Exchange has announced the collection of the futures delivery warehouse and futures warehouse of polyester staple futures. In China's chemical fiber industry, polyester staple fiber production enterprises are mainly concentrated in Jiangsu and Zhejiang provinces. The annual output of polyester staple fiber in two provinces accounts for 80% of the total output of polyester staple in the whole country. Among them, leading enterprises mainly include three lane road, Hengyi petrochemical, Yizheng chemical fiber, Huaxi stock, Jiangyin Huahong, Jin Lun Gao fiber and so on. According to Zheng's announcement, the application conditions for the delivery plant of polyester staple futures are: the production enterprise legal person in the delivery area of Jiangsu, Zhejiang and Fujian.

At 9:52 on March 18th, the first train returned to Enshi with 547 people, named D658 train for migrant workers in Enshi, heading out of Enshi station and heading for Shaoxing North Station in Shaoxing. This is the first time since the epidemic prevention and control this year, Hubei province has issued a special train for migrant workers to go out for work. According to the introduction, there are not less than 7000 migrant workers in Enshi, and many of them are technical backbone and management cadres of enterprises. Many enterprises look forward to their early return to Shaoxing. In order to help enterprises eliminate the impact of the epidemic and fully ensure the resumption of work, the Shaoxing and Enshi people's and social sectors have been identified through the previous docking to identify the personnel who are mainly distributed in the textile, printing and dyeing, machinery and technology industries. According to the list, the Enshi Bureau of human resources and social affairs began to "find people" in the state and identified more than 600 returning staff.

On the morning of 18 th, the town of Changxing County, Zhejiang Province, held a revitalization conference in 2020 to revitalize the high quality development of the real economy and the transformation and upgrading of the textile industry. At the meeting, the town of Ji Pu commended the outstanding enterprises, units and individuals that made outstanding contributions in 2019, and summarized the tax revenue, export and investment situation of last year. Affected by the epidemic, many enterprises are deeply affected, but no winter can not be overtaken. No spring will not come. With the constant transformation and upgrading of light textile industry, many enterprises on the spot are also perverted. They will meet difficulties and fully cooperate with the government and make positive progress.

Wei Qiao green intelligent textile integrated chemical plant is clean and tidy, just like a scientific laboratory. With the machine running for 24 hours, less than ten workers in the tens of thousands of square meters of production workshop patrol around, busy and orderly. "This is the green intelligent integrated textile factory that we have put into production not long ago. This factory is the most advanced textile factory in the world. It needs 60-80 workers in the past 10 thousand spindles. After the integration of green and intelligent textile, 10 thousand spindles need only 10 workers." Wei Qiao textile Limited by Share Ltd general manager Wei Jiakun said. Before returning to work, in order to quickly find out the accurate information and recent developments of each employee and family members, Wei Qiao group organized professional technology, developed a dedicated system, and used big data to do well in staff information collection. It took only 2 days to complete the statistical work of the information of 383 thousand employees and their families, and the whole process was declared online, achieving zero contact.

Liu Zibin, chairman of Lu Tai textile and Limited by Share Ltd, was elected the leader of technological innovation in 2019. The reasons for the selection were: Technology empowerment, transformation and upgrading of the textile industry, development of manufacturing service enterprises, and becoming an innovative international enterprise with standard setting and technology export. Step by step, move towards "small target".

Recently, due to the impact of the new crown pneumonia epidemic, logistics is not smooth. More than 400 textile enterprises in Burma are facing the problem of insufficient supply of raw materials, and 27 enterprises are on the verge of closure. In the evening of March 17th local time, 15 tons of textile raw materials from Guangzhou, China, arrived in Burma Yangon, which slowed down the urgent need for Burma enterprises, and these raw materials will be supplied to 11 textile enterprises. 14 thousand workers benefited from it. "The biggest problem facing Burma's textile enterprises is the shortage of raw materials. There are 27 enterprises with serious problems. Some enterprises have stopped working, and some companies are filing for bankruptcy. At least ten thousand workers have been affected," said Qin Qinling, a joint Secretary of the Federation of industry and Commerce in Burma.

The Swiss Technology Award and the Swiss environmental protection laureate HeiQ have launched the HeiQ Viroblock NPJ03, which has been tested effectively against the coronavirus's antiviral and antibacterial textile processing technology. The mask test showed that this therapy can effectively combat human coronavirus (229E), significantly improve the antiviral logarithm reduction value, never increase the mask mask's 2.90 to 4.48, and reduce the virus infection by more than 99.99%. (Note: the logarithmic reduction value is 2, equivalent to 100 times the validity. China's protective mask manufacturer, Suzhou polis, pioneered the use of Viroblock. The masks will be on the market in the first 4 months of this year. Many American manufacturers of tights and socks, such as Kayser-Roth and Chinese brand Lufeng, are evaluating Viroblock for other types of textiles. Viroblock is unique in combination with vesicles and silver technology, aimed at inhibiting the growth and retention of bacteria and viruses. HeiQ vesicle technology can rapidly kill viruses against the lipid rich viruses such as coronavirus, while HeiQ silver technology inhibits the replication of bacteria and viruses. Viroblock can be used on various textile surfaces, including respirators, air filters, medical clothing, curtains, etc. Viroblock has also been tested to confirm that influenza virus H1N1, H5N1, H7N9 and respiratory syncytial virus (RSV) infection can be significantly reduced.

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