Polyester Staple Fiber Rose Sharply, Multinational Plan To Restart The Global Economy Or Recovery

I. market quotation

　　 1, domestic cotton prices rebounded slightly

During the May 1 holiday, the international market fluctuated little. After the holiday, domestic cotton prices showed signs of stabilization. The market still focused on the recovery of downstream consumption. Last week, the national cotton price B index, representing the mainland's standard grade lint sale, was 11501, up 65 yuan / ton compared with April 30th, or 0.57%; the Zhengzhou cotton futures contract settlement price was 11705 yuan / ton, up 115 yuan / ton compared with April 30th, or 0.99%.

2, international cotton prices slightly lower

Last week, the international crude oil prices continued to rebound, driving sentiment in the commodity market to rise. The US Department of agriculture data showed that the US cotton contract volume remained strong, the volume of freight increased significantly, and the international market atmosphere was warmer. During the long holidays, ICE futures first fell and then rose. The international cotton index (M), which represents the average price of China's main port on the import cotton, is priced at 68.26 cents / pound. The price of RMB converted to RMB 1% yuan is 11864 yuan / ton, down 42 yuan / ton from April 30th, or 0.35%.

3, polyester staple prices rose sharply

Affected by the rebound in crude oil prices, most of the staple manufacturers of Jiangsu and Zhejiang polyester staple fabrics have risen by about 200 yuan / tonne, and the atmosphere of the talks is general. 1.4D offers a price of 5800-6000 yuan / ton. The quotation of Jiangyin Huahong direct spinning polyester staple is increased by 200 yuan / ton, and 1.4D half light price is 5850 yuan / ton short distance. Hengyi Petrochemical polyester staple fiber quoted price increase, 1.4D quoted 5900 yuan / ton cash short distance to deliver, solid negotiation. In May 9th, the polyester staple price index closed at 5700 yuan / ton, up 320 yuan / ton compared with April 30th, or 5.95%.

4, viscose staple fiber prices stable

Before the May 1 holiday, there were sticky short products for the company's general fiber products. At the beginning of the festival, there were enterprises showing low price and reluctant to sell mentality. One after another, the enterprises quoted prices to rise, and the high-end enterprises quoted 9200-9500 yuan / ton. The price of mid - end enterprises is shifted to the high level in the interval. Viscose staple fiber price index for May 9th was 8600 yuan / ton, unchanged from April 30th price.

5, yarn maintenance at home and abroad

Last week, the yarn market continued to be weak, and the export orders for grey fabrics were not improved. Combed 32S pure cotton yarn price 18800-18900 yuan / ton, down 100 yuan / ton; 30S cotton yarn down 110 yuan / ton, price index closed at 12400 yuan / ton; 32S polyester yarn quoted price 9800~10000 yuan / ton, compared with the previous period fell 100 yuan / ton. The price of international cotton yarn has been slightly adjusted. The import cost of India and Vietnam 32S cotton yarn has dropped by 82 yuan / ton, 79 yuan / ton respectively, and the conventional yarn is 925 yuan / ton higher than the domestic yarn, and the price difference has been widened.

Two, the operation of the industry

1, textile exports increased in the first 4 months, and garment exports declined.

According to customs statistics, in the first 4 months of this year, the total value of imports and exports of China's goods trade was 9 trillion and 70 billion yuan, down 4.9% from the same period last year (the same below), a decrease of 1.5 percentage points from the first quarter. Among them, exports were 4 trillion and 740 billion yuan, down 6.4%; imports 4 trillion and 330 billion yuan, down 3.2%; trade surplus 415 billion 700 million yuan, 30.4% reduction. In dollar terms, the total value of imports and exports in the first 4 months was 1 trillion and 300 billion US dollars, down 7.5%. Among them, exports amounted to 678 billion 280 million US dollars, down by 9%; imports of US $620 billion 50 million, down by 5.9%; trade surplus of US $58 billion 230 million, a decrease of 32.6%.

Textile exports grew and garment exports declined. In the first 4 months, China's exports of textiles including masks were 261 billion 300 million yuan, an increase of 5.9%, and clothing 205 billion 100 million yuan, down 20.2%. Among them, April textile and clothing exports 150 billion 170 million yuan, an increase of 14.8%. Textile exports 102 billion 790 million yuan, an increase of 56.2%, clothing exports 47 billion 380 million yuan, down 27.1%.

2. In March, China's cotton yarn imports increased by 37%.

According to the latest statistics, in March 2020, China imported 192 thousand and 400 tons of cotton yarn, an increase of 37.05%, an increase of 0.58% over the same period last year, 31 thousand and 900 tons of export cotton yarn, an increase of 44.02% over the same period, a decrease of 19.86% over the same period last year, a net import volume of 160 thousand and 600 tons, an increase of 35.74% over the same period, an increase of 5.94% over the same period.

In 1-3 months of 2020, China imported 476 thousand tons of cotton yarn, down 0.57% from the same period last year, and exported 76 thousand and 200 tons, down 24.14% from the same period last year.

In 2019/20, China imported 1 million 96 thousand and 500 tons of cotton yarn, a decrease of 1.22% compared to the same period last year, and a total export of 183 thousand and 500 tons, down 15.68% from the same period last year.

3. In March, China's cotton exports decreased by 24% over the same period last year.

According to the latest statistics, in March 2020, China imported 21 million tons of cotton cloth, an increase of 60.23%, a year-on-year decrease of 29.93%, an export of 532 million cotton, an increase of 16.21%, a decrease of 23.86% over the same period last year, a net export volume of 511 million meters, an increase of 14.91% in the ring, and a decrease of 23.58% over the same period last year.

In 1-3 months of 2020, China imported 47 million tons of cotton cloth, down 30.56% from the same period last year, and exported 1 billion 845 million meters, down 21.46% from the same period last year.

In 2019/20, China imported 133 million tons of cotton cloth, a decrease of 23.76% over the same period last year, and a total export of 4 billion 67 million meters, down 10.26% from the same period last year.

4, the US 2019/2020 net sale of HP cotton is 370 thousand and 300 packs.

According to the US Department of agriculture (USDA) released in May 7, 2020, the US cotton export weekly, April 24, 2020 -4 30, this week, the United States 2019/2020 annual net sales of cotton contracted 370 thousand and 300 packets, down 15% compared with last week, but a significant increase over the previous four weeks average level. Among them, the number of countries and regions that have signed up has mainland China (217 thousand and 500 packages, including 3 thousand and 500 packets from Vietnam, 35 thousand and 200 packages cancelled and 900 packages postponed), and Vietnam (102 thousand and 600 packages, including 1 thousand and 800 packets from Korea, 400 packets from Taiwan, 400 package from Japan, 1 thousand packages cancelled, and 73 thousand and 500 73 thousand and 500 packages), and Taiwan, China (18 thousand and 300 bags) The package includes 15 thousand and 900 deferred packages, Bangladesh (10 thousand and 900 packages, including 200 cancellations), and Turkey (10 thousand and 300 packages, including 2 thousand and 300 packages cancelled and 9 thousand and 600 packages postponed), partially offset by net reductions in Mexico (-7 thousand pack), Salvatore (-3.2 thousand pack) and Pakistan (-2.8 1000 pack). The net sales of cotton in the 2020/2021 year were 55 thousand and 900 packages, including Mainland China (22 thousand packages), Vietnam (11 thousand and 400 packages), Turkey (6 thousand and 600 packages), and Mexico (5 thousand packages).

When the export of 370 thousand and 300 cotton bags was increased by 46% over the previous week, it was 12% higher than the average level of the previous four weeks. They are mainly shipped to Vietnam (125 thousand and 100 packs, including 41 thousand and 500 deferred packages), mainland China (56 thousand and 500 packs, including 900 deferred packages), Turkey (51 thousand and 500 packages, including 8 thousand and 700 deferred packages), Pakistan (32 thousand and 200 packages, including 1 thousand and 800 deferred packages), and Taiwan, China (23 thousand and 700 packages, including 15 thousand and 700 15 thousand and 700 packages).

5, increased demand from home and abroad, Pakistan yarn price recovery

In recent weeks, Pakistan weaving factory has resumed work in succession. The rate of factory start-up has gradually increased, demand has begun to increase, and the price of Pakistan yarn has obviously recovered.

It is reported that the Pakistan government allows some textile factories to process export orders, and will allow more factories to resume production in the coming weeks. Affected by this, the price of 30 domestic combed yarn in Pakistan increased by 3.23% during the past week, while demand for foreign buyers began to increase, and the export price of Pakistan yarn increased by 2.75%. In addition, the rising import price of cotton in early Pakistan also provided support for the rise in yarn prices.

Although Pakistan's domestic cotton stocks are adequate, the cotton mill has no intention to purchase, which is very popular with imported cotton. Therefore, domestic cotton prices have dropped, and cotton prices in Pakistan will continue to bear pressure in the coming months.

Three. Industry policies and trends

1, the United States released $200 billion tax products thirteenth batches exclusion list

In May 4, 2020, the United States Trade Representative Office (USTR) announced the thirteenth batch of product exclusionary announcements under the list of $200 billion plus tariff products, adding 146 products, including 1 textile products tax numbers.

Up to now, there are 12 batches of textile products in the 13 batch of US $200 billion tax collection, involving 49 textile tax numbers. The products being excluded will no longer be subject to 301 tariff when exported to the United States. Exclusion period can be traced back to the date of entry into force of the 200 billion list - September 24, 2018. The validity of the excluded products listed in this notice is from September 24, 2018 to August 7, 2020.

The textile description and HS code excluded are as follows:

5208.39.2020: dyed satin fabric with a cotton content of at least 85% and a width of at least 292 cm, but not more than 293 cm, and the weight is not more than 210 grams / square meter.

2, the 127th Canton Fair free of charge for exhibitors.

The 127th China Import and Export Fair will be held online on 15-24 June. In order to actively cope with the impact of the new crown pneumonia epidemic and help foreign trade enterprises to open up the market and tide over difficulties, the Ministry of Commerce decided that the 127th Canton Fair will not charge enterprises to participate in the exhibition during the online hosting period, nor will they charge any fees to the cross-border E-commerce platform participating in the synchronous activities.

In recent years, due to various factors such as weak external demand, the difficulties faced by foreign trade enterprises have increased. In order to help enterprises reduce their burdens, the Ministry of Commerce has reduced the participation fees of the Canton Fair and reduced the booth fees of enterprises in poverty-stricken areas. The total cost for enterprises has been reduced by over 2 billion yuan. In addition to voluntary value-added advertising services such as advertising, the fair will be exempted from exhibitors' fees. This is a practical measure to increase the stability of enterprises and ensure their employment.

3, Fangxian Textile Industrial Park, Shiyan, Hubei Province: 7 textile enterprises are expected to carry their bags by the end of August.

Since the comprehensive resumption of production, the Shiyan Fangxian Textile Industrial Park project headquarters has been fighting for rain and sunshine, and has rapidly promoted the construction of six links and one plant in the park. 7 large textile enterprises are expected to carry their bags by the end of August.

The Fangxian Textile Industrial Park is a key PPP project for the provincial and municipal warehouses. The park is located in the west of the high-speed junction of Tangxi village, Hongta Town, Fangxian, with a planned area of 500 mu. The project is divided into two phases, one phase construction 200 mu, and Hengda textile, Hong Yao socks, Qi Wei clothing and so on 7 large textile enterprises will be first settled. After the project is completed and put into operation, it is expected to achieve an annual GDP of 5 billion yuan and a tax of 450 million yuan.

4, 2019 cotton textile industry non cotton yarn (including blended yarn) products revenue ranking announced

In May 7th, the China Cotton Textile Industry Association officially released the list of "cotton textile industry's non cotton yarn (including blended yarn) product revenue" in 2019. Among them, Fujian Changyuan Textile Group, Dezhou Hengfeng group (governing unit), Xinjiang Zhongtai (Group) limited liability company (non cotton yarn industry), Fujian new Huayuan Group and Tianhong Textile Group Co., Ltd. are 1-5.

Four, multinational plans to restart the economy

Expected recovery of crude oil recovery

　　 Fundamentals, international oil prices continued to rebound during May 1. After the most pessimistic moment of oil market which collapsed in April and increased oil production in May, oil market sentiment began to change significantly in May, and the market is recovering from a weak trend. Demand, China's post epidemic economy is recovering in full, and Europe's restart is approaching. While the United States is still at the peak of the epidemic, some areas have begun to lift the blockade under economic pressure. The OPEC+ reduction agreement on the supply side began in May, and the number of active drilling rig in the US oil industry continued to decline sharply. The "natural reduction" outside OPEC+ also started to scale. Overall, oil market in May has some improvement expectations at the demand and supply side, but the oversupply pattern is difficult to reverse in the short term. The recent rebound in oil prices will continue to face pressure from fundamentals. The bottom of the short-term oil price will depend on the global oil storage space and the implementation of production cuts, and the oil price rebound will depend on the expected economic recovery after the outbreak and remain optimistic about the rise in the medium-term oil price.

Five, the dollar will rise first and then fall.

RMB remains volatile

　　 Last week, despite strong pressure on the US dollar index, the RMB exchange rate was under pressure. However, due to better export figures, signs of a slowdown in Sino US relations, and the cancellation of the central bank's quota restrictions on foreign institutional investors, this week's slight appreciation has generally been stable, with a record 7.0941 on Friday. In the short term, the RMB exchange rate will remain volatile in the 7.04-7.11 range, and the possibility of a sharp rise or fall will be less likely. The main reasons are as follows: first, the current epidemic of the new crown pneumonia epidemic has slowed down, but it has not been fully improved, and the market's risk aversion is easy to relapse. Two, at present, Sino US trade relations have slowed down, but there is still more caution. Three, the central bank's monetary policy "sea going" initiative has launched a bid to issue central bank bills in Hongkong, and China's monetary policy in the first quarter of 2020. The signal in the executive report will continue to maintain the two-way floating elasticity of the RMB exchange rate and make steady anticipation work in a variety of channels, all of which will support the stability of the RMB exchange rate.