PTA Falls Below 5000, Will It Fall Sharply Under Multiple Pressures? Sticky Short, Will Progress Be Reported?

Market brief

Zheng cotton rushed to the high concussion, slightly adding positions, lack of good news follow-up stimulus, Zheng cotton regression shock market. Factory start-up rate steadily increased, the number of warehouses and public inspection increased, the market entry rate increased, the market attention shifted to new cotton, the sale of cotton lint was restricted by downstream textile demand, and the sales progress was slow. At present, the price of seed cotton was generally stable, and the new cotton processing continued to be stable. However, the demand for new cotton continued to be weak, but the demand for terminal cotton continued to be weak, the cotton mill procurement rhythm was slow, the lint buying and selling atmosphere was light, the seasonal pressure of lint cotton supply was still high, the cotton price rose and the kinetic energy was insufficient. Recent border ginning

The price of acrylonitrile continues to be weak and stable, and the supply is expected to increase. The industry is looking at the empty mentality, and the downstream needs to buy. The middlemen are in a relatively low position with the market. Although some factories have stopped production testing, they have limited influence on the market atmosphere, the factory offer is temporarily stable, and the expected slowdown is expected to slow down under the expected cost of the business. Acrylic fiber prices continue to stabilize, the demand side continues generally, the downstream factory orders situation is not optimistic, the market bearish atmosphere continues, raw material acrylonitrile spot market price is weak and shock, the downstream cotton mill purchasing enthusiasm is more weakened, but acrylonitrile mainstream factory quotation maintained relatively high, acrylic fiber cost support continued, plus acrylic fiber industry started to maintain low position, under the pressure of profit, acrylic fiber manufacturer's trader's mentality is stable, it is expected that the short-term acrylic fiber staple fiber price will maintain horizontal finishing.

During the national day, Xinjiang machine picked cotton began to harvest. With the improvement of mechanization, the cotton growers in Northern Xinjiang increased the use of "egg laying machine" harvesting this year. After the cotton harvest, cotton can be packaged into "cotton rolls" at one time, and the number of cotton pickers is sufficient, and the speed of picking cotton is faster. More than 80% of the eight divisions of the corps were harvested, and the harvest in the Shawan area started late. It also reached more than 50%, and the total recovery rate in the whole territory was about 60%. In addition, Changji, Shihezi and other places, due to the impact of previous temperatures, the actual harvest of cotton production has dropped slightly. In recent years, the rapid harvesting of machine picked cotton and the price increase have brought some pressure to the processing of cotton ginning plants. With the cotton harvest coming to the end of the season, the phenomenon of rush harvesting is constantly emerging. But at present, the sale of lint is slow and the cost of processing is increasing. In the late stage, there is still a risk of falling down. It is suggested that enterprises should operate rationally and avoid blindly following the trend.

The people's Bank of China authorized the China foreign exchange trading center to announce that the RMB exchange rate in the interbank foreign exchange market in October 16, 2019 was RMB 1 yuan =7.0746 yuan, so the customs exchange rate of imports and exports in November 2019 will be calculated at 1 US dollars = 7.0746 yuan. Look forward to the import and export business of cotton and textile enterprises. (October 2019 was 7.0728) in accordance with the announcement of 2005 fifty-third issued by the General Administration of Customs in October 30, 2005, the exchange rate applicable to import and export cargo tax rates for each month is third Wednesday (third Wednesday is a statutory holiday, and fourth Wednesday is postponed). The Bank of China's foreign exchange conversion price (referred to as Bank of China's conversion price).

In October 16th, the 2019 national textile labor relations promotion conference was held in Xuchang, Henan. Labor relationship is an important part of production relations and is one of the most basic and important social relations. The construction of harmonious labor relations can stimulate the labor potential of workers and employers, promote the development of social productive forces, and consolidate the construction of a harmonious society. Speaking from the textile industry, harmonious labor relations are the core elements of building a harmonious enterprise culture, and also an important foundation for promoting the high quality development of textile economy and building a strong textile country. Jilin chemical fiber Refco Group Ltd, Anhui Huamao Group Co., Ltd., Fu Sun Group, Limited by Share Ltd and other 37 units were awarded the "2019 national textile labor relations harmonious enterprise" honorary title.

A few days ago, the Agricultural Development Bank issued the notice on the management of cotton purchase credit in Xinjiang in 2019, requiring the relevant branches to fully perform the functions of the agricultural policy bank, earnestly carry out the annual cotton purchasing and credit work, and achieve the high quality development of the cotton purchasing and credit business. First, make sure that no blank spots are left. To facilitate cotton farmers to sell cotton, do not appear to "sell cotton difficult" as the premise, cotton production areas to investigate thoroughly, to county as a unit to implement customer layout. The two is to achieve "money and other cotton". It is necessary to complete the related work of rating, credit, approval and so on before the acquisition of new cotton, and release appropriate funds according to the progress of acquisition and credit management requirements. Three, we must do a good job of customer service. We should increase the credit service to participate in the acquisition of cotton, and timely and fully meet the credit demand of customers in cotton purchase. The four is to effectively promote the convergence of supply and demand.

In October 14th, the third China (Ningbo) international shipping and logistics exchange conference and the 2019 "one belt and one road" international port cooperation conference were held in Ningbo, Zhejiang. Representatives of business associations from 18 countries such as Thailand, Nigeria, Kenya and Sri Lanka gathered to discuss the new path of "one belt and one road" international port cooperation. Ningbo is the largest city in Ningbo, and the port is the largest resource in Hong Kong. At present, there are 243 port container routes and 118 ocean going lines, which have established investment and trade relations with more than 220 countries and regions. Thanks to superior port resources, Ningbo's open economy has been developing vigorously since reform and opening up. Today, Ningbo is the eighth largest city in the world with over 100 billion US dollars in foreign trade, and ninth cities with more than 50 billion dollars in actual utilization of foreign capital, and the first annual turnover of cross-border electricity suppliers has exceeded 10 billion yuan.

In October 16th, on the occasion of the "one belt and one road" conference of the Chinese textile industry, in 2019, the Council of China textile international capacity cooperation enterprise alliance was held in Shengze, Jiangsu. The conference summed up the actual situation of the internationalization of alliance member enterprises in the new situation at home and abroad, exchanged hot and difficult problems encountered in overseas layout, and put forward the next direction of work for the alliance. Guests, union members, experts and more than 80 people attended the alliance Council. In the past year, the alliance has considered from the perspective of national unified layout, focusing on the overall interests of the industry, focusing on Sino US economic and trade frictions, accurately conveying the voice of government and enterprises, conscientiously fulfilling the suggestions and suggestions, organizing the investment inspection and deep project docking in nearly 20 key countries and emerging areas, organizing investment promotion activities such as the "one belt and one road" conference, and actively voicing, helping the international cooperation and cooperation of industry and enterprises.

The World Intellectual Property Organization (WIPO) released the 2018 annual report of the World Intellectual Property Indicators. The report shows that in 2018, global trademark applications grew for ninth consecutive years, and the number of trademark and industrial design intellectual property applications in the global garment industry also increased rapidly. China has the most brilliant performance in all countries and regions, and patent applications account for about half of the world's total applications. China, the United States, Japan, Korea and Europe have the largest number of applications for intellectual property rights, accounting for 85.3% of the world's total. The number of patent applications received by the State Intellectual Property Office of China is the largest, reaching a record 1 million 540 thousand, representing an increase of 11.6% over the same period last year, accounting for 46.4% of the world's total. In 2018, the world's intellectual property rights and the application of 10 million 900 thousand trademark applications covering 14 million 300 thousand categories, including: China accepted the most number of trademark applications, 7 million 400 thousand categories, the United States ranked second, the 640 thousand and 200 category.

Cotton prices have risen in recent weeks in Pakistan, but yarn demand is weak and yarn prices remain unchanged. The export price of cotton yarn has dropped because of insufficient demand in China. Cotton prices have started to rise in recent days, and demand for cotton mills is booming due to a reduction in expected supply of cotton. The forecast shows that Pakistan's cotton output is 10 million 200 thousand bales (170 kg / pack) this year, and the supply and demand gap is 3 million 500 thousand packs. Spot prices in Karachi rose 1.71% in a single week. Because of the stable price of raw materials, the price of polyester cotton yarn and polyester viscose yarn has not changed. In the past three weeks, the price of polyester staple fiber has been stabilized by 187 rupees / kg. After the RMB exchange rate has risen, the price of imported polyester staple fiber is 90 rupee / kg. The profit of Pakistan chemical fiber factory has reached a new high, because the price of international raw materials has dropped, but the price of synthetic yarn has dropped with raw materials.