Fabric Products,Fabric Information,Fabric Factories,Fabric Suppliers Fabric News Raw materials continue to weaken, and the market is bearish again.

Raw materials continue to weaken, and the market is bearish again.



On September 24, the cotton reserves sold 11,871.9439 tons of resources, and the actual transaction was 11,340.0919 tons, with a transaction rate of 95.52%. The average transaction price was 12,079 yuan/ton, a …

On September 24, the cotton reserves sold 11,871.9439 tons of resources, and the actual transaction was 11,340.0919 tons, with a transaction rate of 95.52%. The average transaction price was 12,079 yuan/ton, a decrease of 62 yuan/ton from the previous trading day; the discounted price was 13,250 yuan/ton, a decrease of 131 yuan/ton from the previous trading day. The average transaction price of Xinjiang cotton is 12,458 yuan/ton, the price of Xinjiang cotton is 13,602 yuan/ton at a discount of 3,128 yuan, and the price increase of Xinjiang cotton is 882 yuan/ton. The average transaction price of real estate cotton is 11,809 yuan/ton, the price of real estate cotton is 12,999 yuan/ton at a discount of 3,128 yuan, and the price increase of real estate cotton is 279 yuan/ton. From May 5 to September 24, a total of 955,200 tons of cotton reserves were sold, with a transaction rate of 86.36%.

Due to the intensive listing of new flowers, the price is low, Zheng cotton has fallen sharply, and the mentality of the industry has become cautious. In the spot market, new flowers have been launched one after another, and the quotations in the old and new markets are messy. In addition, China and the United States With the trade peace talks approaching, many companies are waiting to see. Although orders from some downstream textile companies have improved, they are still in the destocking stage. In addition, there is abundant supply of reserve cotton, Xinjiang cotton, and imported cotton. Textile companies still prefer lower-priced reserve cotton. In the short term, The increase in demand for spot lint is limited, and prices are mainly weak and stable. The amount of hand-picked cotton in Xinjiang and the Mainland is gradually increasing. Since the resources purchased in Xinjiang are currently mainly used for processing cotton, ginning companies do not expect high purchase prices for later use in spinning cotton production. In addition, Zheng cotton has fallen sharply, and all parties in the market are waiting and watching. The atmosphere is heating up again, and futures prices have fallen, which will inevitably drive down the spot price of lint cotton, squeezing corporate profits. A large number of machine-picked cotton in Xinjiang is approaching, and under the premise of increased supply, there is still a risk of a fall in seed cotton prices. It is recommended that operators operate with caution.

Acrylonitrile prices remain high. Mainstream factories have announced monthly accounts, which are basically in line with market expectations. The September contract price of Shandong factories is 12,000 yuan/ton, and the spot retail quotation is temporarily referenced at 12,500-12,800 yuan. / ton, at the end of the month, merchants have almost no goods, order sales are mainly, the supply of goods in the spot retail market is very few, and there are many high-priced offers in the market. The National Day holiday is approaching, transportation is restricted in some areas, and transactions are limited. The market’s rising atmosphere is not diminished, and it is expected to be short-term. The overall price of acrylonitrile in the city fluctuated at a high level. The price of acrylic fiber continues to be stable. The raw material acrylonitrile factory has a high monthly settlement price. The pressure on the cost of acrylic fiber remains unchanged, while the downstream demand performance is average. The trading pace of the acrylic fiber market continues to be tepid. The price of acrylic fiber is in a dilemma. The factory production rhythm is relatively stable, production and sales are basically balanced, and inventory It is controllable. In the short term, it is expected that acrylic fiber manufacturers will continue to ship goods at stable prices.

September 25-27, the world’s largest professional textile exhibition co-organized by the China Council for the Promotion of International Trade Textile Industry Branch, China Textile Information Center and Messe Frankfurt (Hong Kong) Co., Ltd. The Intertextile Autumn and Winter Noodles and Accessories Exhibition will be presented again at the National Convention and Exhibition Center (Shanghai). This exhibition is located in nine major exhibition halls 4.1, 4.2, 5.1, 5.2, 6.1, 6.2, 7.1, 7.2, and 8.1. With an area of ​​over 236,000 square meters, it brings together people from China, South Korea, Italy, Japan, the United Kingdom, Germany, and India. More than 4,400 exhibitors from 33 countries and regions, including Pakistan, Turkey, France, the United States, Switzerland, Taiwan, and Hong Kong, jointly opened a grand event for the global textile industry.

On September 20, the 10th China International Petrochemical Conference Plenary Session and Global Petrochemical Leaders Forum were held in Hangzhou. Representatives at the meeting had a wonderful dialogue on the high-quality development of the petrochemical industry and the construction of a global value chain. Zhao Rifeng, Vice President of Sinopec, Xin Xuezhe, CEO of LG Chem, Hu Zhongming, Chairman of Juhua Group, and Ke Shangen, President and CEO of Cabot Corporation also made wonderful keynote speeches respectively. In the high-end interview session of the conference, Long Yongtu, China’s chief negotiator for WTO accession and former Vice Minister of Foreign Trade and Economic Cooperation, held a dialogue with leading figures in the petrochemical industry at home and abroad on the theme of “Building a Global Value Chain.” Long Yongtu concluded that there are now some anti-globalization trends and trade protectionism phenomena, but the coordinated development of the global industrial chain is still a major trend. We must continue to strengthen international exchanges and cooperation in all aspects of the industrial chain, and continue to promote the adjustment and upgrading of industries from low-end to mid-end and high-end according to the development of the global economy.

A China Textile Fabric Pattern Copyright Protection Forum will be held in Keqiao from September 27th to 28th. According to reports, during the forum, not only will the process of pattern copyright protection in China Textile City be displayed, and achievements. At the same time, it will also be jointly initiated by major textile provinces such as Zhejiang, Guangdong, Jiangsu, and Shandong, and a collaboration mechanism for the fabric pattern protection alliance of the four provinces will be signed, and a national intellectual property project strong county (district) award ceremony will be held. “With more than 10 years of experience in pattern copyright protection, we will release for the first time the pattern copyright data center database and pattern pattern application comparison system of China Textile City. This system integrates pattern copyright with the Internet and can achieve cross-regional registration protection. , so that each pattern can receive broader and more accurate protection.” The relevant person in charge of the bureau said that this can better encourage original designs and promote the development of the light textile market towards high quality and high added value, and go global.

The China Chamber of Commerce for Import and Export of Textiles revealed on the 23rd that China’s home textile exports increased significantly in July, reversing the continued negative growth this year. In July, China’s home textile exports amounted to US$2.64 billion, a significant year-on-year increase of 10.6%. From January to July, China’s home textile exports totaled US$15.21 billion, an increase of 1.4% over the same period last year. Among them, bedding, curtains, and kitchen textiles maintained growth, and towel exports surged.�Fall down. Bedding textiles are the main product for home textile exports, with exports of US$6.65 billion from January to July, a year-on-year increase of 3.3%. During the same period, exports of kitchen textiles, table fabrics, and curtains grew rapidly, with an increase rate of about 10%. In addition, towel products dropped significantly, with a drop of 13%, and carpet and tapestry exports dropped by 4%. According to the industry, in the face of the changing international economic situation, there will be both opportunities and challenges for China’s home textile exports in the future.

On September 23, the Ministry of Industry and Information Technology publicly solicited opinions on the “Guiding Opinions on Promoting the Development of the Elderly Products Industry” and proposed that the overall scale of the elderly products industry will exceed 5 trillion yuan by 2025. The main development The directions include senior food, medicines and medical devices, health management products, textiles and clothing, daily appliances, electronic appliances, etc. On the evening of the same day, with the approval of the State Council, the Ministry of Civil Affairs issued the “Implementation Opinions on Further Expanding the Supply of Elderly Care Services and Promoting the Consumption of Elderly Care Services,” proposing to comprehensively optimize the effective supply of elderly care services, prosper the market for elderly products, and cultivate new forms of consumption of elderly care services.

On the afternoon of September 22, a train carrying textiles, auto parts, and building materials departed from the Golden Eagle Heavy Industry Railway Freight Yard in Xiangyang Area, Hubei Free Trade Zone, to Shenzhen Yantian Port, and then to Chile, Canada, Thailand and other countries. Since then, a new rail-sea intermodal international freight channel has been added starting from Xiangyang and heading south, following Xiangyang to Qinzhou. “The international freight channel between Xiangyang and Shenzhen is safe, stable, efficient, fast and environmentally friendly. It is cheaper than road transportation and can reduce logistics costs by about 20%.” The person in charge of cotton textiles at a textile company in Yicheng Said that this time their company’s products will be shipped to North and South America via this train.

According to Vietnam’s Ministry of Industry and Trade, many products from Vietnamese garment factories have a market in the United States, but in recent months, overseas buyers have increasingly delayed purchasing Vietnamese products. more. Although the United States has imposed additional tariffs on Chinese products, China remains the largest source of U.S. textile imports. China’s textile industry has huge production capacity and there is room for product price reductions, while the industries in Vietnam, India and other countries are small in scale and production costs are rising. Uncertainty over U.S. trade policy has forced buyers to delay purchases from Vietnam. At the same time, China’s ongoing rotation of cotton reserves has reduced the production costs of textile mills, while the sales prices of Vietnamese products are facing fierce competition. In order to avoid inventory backlogs, Vietnam’s currency has shown signs of depreciation. There are still orders in markets such as South Korea, Japan, Egypt, Turkey, the Philippines, and Taiwan, but the quantities are very small and prices are falling. In the medium to long term, the trade deficit between the United States and Vietnam will continue to expand, and the prospects for Vietnam’s textile and apparel exports are not optimistic. Moreover, as textile production began to shift to Vietnam, garment factories competed fiercely for workers, resulting in rising labor costs. Compared with China and India, Vietnam can neither devalue its currency nor produce chemical fiber products independently. Therefore, Vietnam’s yarn exports will face difficulties.

Foreign news on September 23, a senior industry official said that India’s cotton production in 2019/20 may jump as much as 20% from the previous year to the highest level in five years, due to the increase in planting area. Increased, above-average monsoon rainfall boosted yields. As the world’s largest cotton producer, increased production in India will depress domestic cotton prices and force the government to purchase from farmers at mandatory prices. Pradeep Jain, president of Khandesh Ginning and Pressing Factory Owners and Traders Association, said India’s cotton production in 2019/20 will reach 37.5 million bales, compared with 31.2 million bales in the previous year. “Yields could be higher because of good rainfall,” he said.

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