1, the domestic cotton overall strong
Last week, the cotton market activity rose slightly, Zheng cotton positions increased significantly, driving up domestic cotton prices, cotton prices rose quickly, the market is worried about downstream enterprises to resist the rising costs, the price of cotton followed by a decline in the overall is still higher than the level of the previous period. On behalf of the mainland standard-grade lint sales of the national cotton price B index of 16,501 yuan / ton, up 237 yuan / ton compared with July 2, up 1.46%; Zhengzhou cotton futures main contract settlement price of 16,305 yuan / ton, up 125 yuan / ton compared with July 2, up 0.77%.
2, international cotton rose slightly
Last week, the minutes of the Federal Reserve's June meeting showed that policymakers may not be ready to start tightening policy, supporting the international price of cotton rose slightly. July 9 on behalf of the average price of imported cotton China's main port of the International Cotton Index (M) quotes 97.89 cents / lb, according to the 1% tariff under the converted yuan price of 15,424 yuan / ton, up 151 yuan on July 2, compared with the July 2 rose 151 yuan / ton, or 0.99%.
3, polyester staple fiber prices stable
Jiangsu and Zhejiang polyester staple fiber manufacturers offer most of the stable, negotiated shipments, 1.4D mainstream offer 7300-7600 yuan / ton, single negotiation or in 7000-7200 yuan / ton. Fujian polyester staple fiber manufacturers offer to remain stable, negotiation shipments, 1.4D offer 7350-7450 yuan / ton short delivery, single negotiation or in the 7100 yuan / ton or so. 9 July polyester staple fiber price index closed at 7000 yuan / ton, unchanged from the previous period.
4, viscose staple fiber prices rebounded
Viscose staple fiber trading atmosphere is slightly active, the market mood or biased towards short-term optimism, the factory raised prices significantly, but the volume of transactions did not improve significantly. In the medium and long term, production and sales pressure still exists. Spot market, mid-range goods offer 12800-13000 yuan / ton, high-end goods offer 13000-13200 yuan / ton. July 9 viscose staple fiber price index closed at 12800 yuan / ton, up 500 yuan / ton, or 4.07%.
5, domestic yarn varieties Sydney rebound
Last week, by the upper reaches of Zhengzhou cotton prices rose rapidly, the domestic cotton yarn prices stopped falling rebounded sharply, polyester yarn and cotton yarn is also affected by the rise in raw materials and the market is good, the price upward. 9 July, polyester 32S quotes 12,450 yuan / ton, up 300 yuan / ton; cotton 32S quotes 26,100 yuan / ton, up 870 yuan / ton. ton, up 870 yuan / ton; human cotton 30S offer 16600 yuan / ton, up 200 yuan / ton. Affected by the continuous rise in shipping freight, container tension and some port cargo backlog, the cost of foreign yarn increased, coupled with rising cotton prices to promote the imported yarn offer rose. However, due to the domestic cotton yarn rose, the current price of conventional foreign yarn is still lower than domestic yarn 253 yuan / ton, and the previous foreign yarn prices higher than domestic yarn 313 yuan / ton to form a contrast. The recent rise in cotton yarn prices led to cotton fabric prices rose, thick and thick varieties of blank fabric inquiry gradually increased, the order situation is general.
6, the second week of the reserve cotton rotation standard grade sales floor price of 15724 yuan / ton
According to the requirements of the relevant state departments and the 2021 central reserve cotton rotation announcement of the central reserve cotton rotation sales floor price formula, the second week (July 12-16) reserve cotton rotation sales floor price of 15724 yuan / ton (discount standard grade 3128B), compared to the previous week Up 223 yuan / ton. Rotation of the first week (July 5 - July 9), the reserve cotton listed a total of 47,800 tons, turnover rate of 100%; rotation of the average price of 16,398 yuan / ton; discount standard grade (3128) price of 17,743 yuan / ton, an average markup of 2,242 yuan / ton.
Source: China Cotton Network
7, cotton textile market outlook
From the domestic yarn point of view, cotton prices continued to rise during the week, spinning enterprises cotton yarn offer up 300-800 yuan / ton range, but the downstream acceptance of the degree is weak. Sub-species look, airflow spinning in high-count goods better than low-count yarn, conventional yarn trading overall stabilized, Thursday, Friday, there are signs of fading, high-count yarn compact spinning 60-80 count market is still hot. At present, it seems that the market acceptance of cotton yarn prices is poor, weaving factory just need to purchase mainly cotton textile industry chain price conduction in the blank end of the contradiction is still not improved. Polyester yarn, cotton yarn prices, enterprise inventory pressure has been eased, is expected to stabilize prices in the short term.
Currently, spinning enterprises cotton yarn inventory is low and slowing down the speed of accumulation, spinning enterprises and traders are more optimistic about the market expectations, gray cloth prices rose slightly, the order did not improve significantly. From a comprehensive point of view, the price of yarn is easy to rise and difficult to fall.
Two, the economy and industry operation
1, June consumer prices rose 1.1% year-on-year, down 0.4% from a year earlier
In June 2021, the national consumer prices rose 1.1% year-on-year. Among them, urban rose 1.2%, rural rose 0.7%; food prices fell 1.7%, non-food prices rose 1.7%; consumer prices rose 1.1%, service prices rose 1.0%. In the first half of the year, the country's consumer prices rose 0.5 percent over the same period last year.
In June, food, tobacco and alcohol prices fell 0.4 percent year-on-year, affecting the CPI (consumer price index) by about 0.12 percentage points. Food, livestock and meat prices fell 19.5%, affecting the CPI fell about 0.81 percentage points, of which pork prices fell 36.5%, affecting the CPI fell about 0.80 percentage points; egg prices rose 17.9%, affecting the CPI rose about 0.10 percentage points; aquatic products prices rose 14.2%, affecting the CPI rose about 0.26 percentage points; fresh fruit prices rose 3.1%, affecting CPI by about 0.06 percentage points; grain prices rose 0.7%, affecting CPI by about 0.01 percentage points. Other seven major categories of prices year-on-year six rose and one fell. Among them, transportation and communication, education, culture and entertainment, residential prices rose 5.8%, 1.5% and 0.9%, respectively; clothing, daily necessities and services, health care prices rose 0.4%, 0.3% and 0.3%; other supplies and services prices fell 0.9%.
2, June industrial producer factory prices rose 8.8% year-on-year, up 0.3% from a year earlier
In June 2021, the country's industrial producer factory prices rose 8.8% year-on-year, up 0.3% from a year earlier, while industrial producer purchase prices rose 13.1% year-on-year, up 0.8% from a year earlier. In the first half of the year, industrial producer factory prices rose 5.1% over the same period last year, and industrial producer purchasing prices rose 7.1%. Industrial producer factory prices, prices of production materials rose 11.8%, affecting the total level of industrial producer factory prices rose about 8.76 percentage points. Among them, the price of extractive industry rose 35.1%, the price of raw material industry rose 18.0%, and the price of processing industry rose 7.4%. Prices of means of living rose by 0.3%, affecting the total level of industrial producer factory prices rose by about 0.07 percentage points. Among them, food prices rose 1.4%, clothing prices fell 0.8%, prices of general daily necessities rose 0.3%, and prices of consumer durables fell 0.6%.
3, reserve cotton rotation start imported cotton turnover cold
According to Qingdao, Zhangjiagang, Shanghai and other places in the cotton trade enterprise feedback, with the internal and external disk linkage rose in recent weeks, not only the foreign cotton shipments, bonded contracted sales slowed down compared with the transaction in mid- to late June, and the customs clearance of cotton in addition to the "one-bite" shipments poorly
Qingdao, a large cotton traders said that the recent imported cotton market presents the following three characteristics: First, bonded cotton prices continue to increase in the yuan price of resources (purchasers bring their own quota clearance), including Indian cotton, Brazilian cotton (especially Indian cotton is prominent), U.S. cotton, West African cotton; second is part of the traders began to hang single, the basis of the offer of the difference in the slippage of the tax on the shipments / bonded cotton prices, such as the bonded Indian cotton on July 8, M1-5/32 net weight offer 16000, the price of the cotton is not the same as that of the cotton. 5/32 net weight offer 16,000-16200 yuan / ton, the need for buyers to bring their own quota of slippage tax clearance; Third, the port of the U.S. dollar spot inquiry, transaction is relatively light, the port bonded + non-bonded cotton stocks continue to grow slightly, storage capacity pressure is difficult to ease.
Shandong, Jiangsu and other places cotton textile enterprises said, first, the 2021 reserve cotton rotation start, so the industry generally judged that 700,000 tons of slippage tax cotton import quota delayed the probability of issuance is greater, so the "overdraft" slippage tax quota more and more cautious; second, the 2021 reserve cotton rotation is mainly 2011-2013 lint collection. 2013 storage of lint cotton, bonded, clearance of low-quality U.S. cotton, Indian cotton, etc. "collision", is not conducive to traders shipments, clearance; Third, the cotton traders clearance of U.S. cotton, Brazilian cotton quotes and the mainland library of Xinjiang cotton or even upside down, competitiveness needs to be improved. Such as Henan, Shandong and other warehouses 3129B Xinjiang cotton metric quotes 17000-17200 yuan / ton, and Brazilian cotton M1-5/32 almost seamless. Affected by last year's seed cotton purchase price and the cost of planting cotton and other factors, this year, Hebei Xingtai area of cotton planting area than last year by about 10%.
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4, last week, the U.S. cotton contracted shipment growth
According to the U.S. Department of Agriculture (USDA) report, June 25, 2021 - July 1, 2020/21 U.S. land cotton export contracted volume of 11,827 tons, an increase of 22% compared to the previous week, the previous four-week average fell by 38 percent, with major buyers Pakistan (5,448 tons, including 136 tons re-exported from the UAE and 68 tons cancelled), China (1,680 tons, including 45 tons cancelled), Vietnam (1,067 tons, including 204 tons re-exported from China and 250 tons cancelled), Turkey (1,022 tons, including 341 tons cancelled), and South Korea (999 tons, including 23 tons cancelled), and contract cancellations by the UAE (136 tons), Ecuador (68 tons).
U.S. land cotton export shipments for 2020/21 were 66,920 tons, up 8 percent from the previous week and 13 percent from the previous 4-week average, and were destined for Vietnam (16,185 tons), Pakistan (13,302 tons), China (9,625 tons), Turkey (9,602 tons), and Mexico (7,219 tons).
2021/22 U.S. land cotton exports contracted 40,179 tons, the main buyers Pakistan (13,280 tons), Turkey (7446 tons), El Salvador (4744 tons), Indonesia (4336 tons), Thailand (2701 tons).
On June 25-July 1, 2021, U.S. Pima cotton exports for 2020/21 were contracted at 1,226 tons, up significantly from the previous week and 24 percent from the previous 4-week average, with major buyers Thailand (477 tons), Peru (454 tons), and Pakistan (204 tons).
U.S. Pima cotton export shipments for 2020/21 were 4,358 tons, up 84 percent from the previous week and 42 percent from the previous 4-week average, with major shipments to India (1,589 tons), Pakistan (976 tons), China (840 tons), Vietnam (499 tons), and Peru (272 tons).
5, the Ministry of Industry and Information Technology released January-May 2021 apparel industry operation
January-May 2021 apparel industry above-scale enterprises 12,451, the cumulative operating income of 525.1 billion yuan, an increase of 13.29% year-on-year; total profit of 23.5 billion yuan, an increase of 27.87% year-on-year; profit margin of 4.47%, an increase of 0.51 percent; clothing production 9.075 billion pieces, up 20.89 percent.
China's total retail sales of consumer goods from January to May 2021 amounted to 1,743.19 billion yuan, an increase of 25.7% year-on-year, of which the retail sales of apparel goods of units above the quota were 405.8 billion yuan, an increase of 43.2% year-on-year; the online retail sales of physical commodities amounted to 3,937.7 billion yuan, an increase of 19.9% year-on-year, of which the online retail sales of wearable commodities increased by 28.2% year-on-year.
January-May 2021 completed clothing and clothing accessories exports of 56.6 billion U.S. dollars, up 48.3% year-on-year.
Three, industry policies and developments
1, the Ministry of Commerce issued the "14th Five-Year Plan for Business Development"
The plan puts forward the need to focus on the domestic and international situation, to coordinate the development of business and security, to promote the formation of a strong domestic market, to promote a high level of opening up to the outside world, and to actively participate in the reform of the global reform of the global economic governance system, accelerate the construction of a high-quality business development system, better serve the construction of a new development pattern, and make new contributions to the overall construction of a modern socialist country to make a good start and a good step.
The Plan looks ahead to 2035, and puts forward the goals for business development during the 14th Five-Year Plan period, namely, to achieve new results in building a strong domestic market, to make new strides in promoting a high level of openness, to take on a new role in participating in global economic governance, and to improve the ability to prevent and mitigate risks.
The Plan focuses on promoting the interconnection of markets, industries, innovations and rules, and makes overall arrangements for business work to serve the construction of a new development pattern in five aspects, including unimpeded domestic circulation, promoting domestic and international double circulation, promoting high-level opening-up, accelerating digital development and promoting green development.
The Plan promotes the formation of a strong domestic market, promotes the innovative development of foreign trade, improves the quality of foreign investment, promotes the high-quality development of free trade zones and ports, optimizes the layout of regional openness, improves the level of foreign investment and economic cooperation, deepens the "Belt and Road" economic and trade cooperation, actively participates in global economic governance, and improves the risk prevention and control system in the field of commerce. A series of important tasks have been put forward in nine areas, including the prevention and control system of risks in the field of commerce. Meanwhile, focusing on operability, it puts forward 35 important measures to promote the high-quality development of commerce, including 15 important platforms and 20 important actions.
2, Huamao shares to be listed on the transfer of 16.68% stake in De Sheng Printing and Dyeing
July 8, capital state learned that Huamao shares issued a notice to be through the property rights trading center of the transfer of the company's shareholding of the company's participation in the company's De Sheng Textile Printing and Dyeing (Anqing) Co. 16.68% of the equity.
Huamao said the company will disclose the impact on the company's performance in a timely manner according to the progress of the transaction. If the listing transfer is completed, the company will withdraw from this investment project, which is conducive to the optimization of the company's asset structure, focusing on resources to expand the main business, reduce the occurrence of the company's related transactions, in line with the company's development strategy. This equity transfer does not constitute a significant impact on the normal operation and financial status of the Company, and is conducive to the improvement of the Company's asset structure and the promotion of effective and optimal allocation of assets, in line with the interests of the Company and all shareholders.
3, the central bank: July 15 down 0.5 percentage points of the deposit reserve ratio of financial institutions
In order to support the development of the real economy, and to promote the comprehensive cost of financing steadily declined, the People's Bank of China has decided to cut the deposit reserve ratio of financial institutions by 0.5 percentage points on July 15, 2021 (excluding financial institutions that have already implemented the 5% deposit reserve ratio). After this cut, the weighted average reserve ratio for financial institutions is 8.9%.
Some commodity prices have continued to rise this year, and some small and micro-enterprises are facing operational difficulties such as rising costs, China insists on the stability and effectiveness of monetary policy, and does not engage in flooding, but rather precise force, and increase support for small and micro-enterprises. In the next step, the People's Bank of China will continue to implement a prudent monetary policy, adhere to the word "stability", maintain a reasonable abundance of liquidity, keep the growth rate of the money supply and the scale of social financing basically matched with the nominal economic growth rate, and improve the cross-cycle design to support small and medium-sized enterprises, green development, scientific and technological innovation, and create a suitable monetary and financial environment for high-quality development and supply-side structural reform.
4, African Continental Free Trade Area will impose zero tariffs on 97% of products
African Continental Free Trade Area (AfCFTA) secretariat secretary-general, Mr. Mene (Wamkele Mene), said the goal of the agreement is to achieve zero tariffs on 97% of the products traded in Africa in the next 15 years. "This is a very ambitious target and AfCFTA will boost intra-African trade by reducing trade barriers," he noted.
Mene said 38 countries have so far deposited their instruments of ratification of the agreement to establish AfCFTA. "Some countries are ready in terms of customs infrastructure - for example South Africa, Egypt, Ghana and Kenya. These countries have implemented the necessary customs procedures." He also noted that the agreement is currently at the initial stage of implementation, with outstanding areas of the first phase of negotiations yet to include trade in goods and services, among others.
5. Peru Launches Third Anti-Dumping Sunset Review Filing Investigation on Chinese Footwear Products
On July 7, 2021, the Dumping, Subsidies and Elimination of Non-Tariff Barriers Committee of the Peruvian National Institute of Competition and Intellectual Property (NICIP) issued Announcement 200-2021/CDB-INDECOPI in the official daily newspaper, El Peruano, in response to an Peruvian enterprises applied for the decision to initiate the third anti-dumping sunset review filing investigation on footwear products (excluding sandals and slippers) originating from China with uppers made of rubber, plastic or leather. The anti-dumping measures established in Notice No. 001-2000/CDS-INDECOPI and extended by Notice No. 161-2011/CFD-INDECOPI and Notice No. 209-2017/CDB-INDECOPI remain in force during the period of review of this case.
The interested parties may provide relevant evidential materials within six months from the date of this announcement, which may be extended for another three months in accordance with the provisions of the relevant articles.
6, National Intelligent Manufacturing Standard System Construction Guidelines (2021 Edition) Public Consultation
In order to implement the "Outline of the Fourteenth Five-Year Plan for the National Economic and Social Development of the People's Republic of China and the Vision 2035" on the deployment of the requirements to improve the intelligent manufacturing standard system, and to strengthen the top-level design of the standardization of intelligent manufacturing, the Ministry of Industry and Information Technology (MIIT) and the National Standardization Administration Committee organized the preparation of the "National Intelligent Manufacturing Standard System Construction Guidelines (2021 Edition)" (draft for comments) and "Preparation Instructions", and to be announced, the deadline for publicity August 5, 2021,.
The guide mainly includes 12 industry application standards for ships and marine engineering equipment, building materials, petrochemicals, textiles, aerospace and other industries. Among them, for the textile industry in general discrete, local process manufacturing characteristics, around the spinning, chemical fiber, weaving, non-woven, printing and dyeing, clothing and home visits and other areas, the development of special equipment, such as interconnection, information modeling, remote operation and maintenance of technical requirements and other specifications or guidelines standards; the development of the digital workshop or smart factory construction process of data, logistics and warehousing, system integration and other specifications or protocols standards; the development of the Large-scale personalized customization and other new modes of application specifications or guide standards.
Four, domestic and foreign news review
1, the G20 finance ministers and central bank governors on the international tax framework reached a historic agreement
Local time on July 10, the G20 finance ministers and central bank governors held a meeting and issued a communiqué that said, has reached a historic agreement on the international tax framework for a more stable and fairer. It supports measures such as redistribution of profits of multinational enterprises and setting the lowest global corporate tax rate, and calls for more countries to join the consultations in the future. The G20 called for the maintenance of financial stability and fiscal sustainability, and the prevention of economic downside risks and negative spillover effects.
2, the Office of the Internet Information Office: hold more than 1 million users of personal information of the operator to go public abroad must declare the network security review
State Internet Information Office to amend the "network security review approach", clear data processors to carry out data processing activities that affect or may affect national security should be in accordance with this approach to network security review. The cybersecurity review focuses on assessing the national security risks that may be posed by procurement activities, data processing activities, and foreign listings. Operators with personal information of more than one million users going public abroad must declare their cybersecurity review to the Cybersecurity Review Office.
3. The Ministry of Commerce (MOFCOM) answered reporters' questions on the U.S. inclusion of 23 Chinese entities in the list of entities subject to export control
The U.S. side has generalized the concept of national security, abused the export control measures, and ignored the facts, and once again, on the basis of the so-called "human rights" and other reasons, included 23 Chinese entities in the list of entities subject to export control. The U.S. has once again put 23 Chinese entities on the "Entity List" on the basis of the so-called "human rights" and other reasons. This is an unreasonable suppression of Chinese enterprises and a serious violation of international economic and trade rules, which China firmly opposes. The U.S. side should immediately correct its wrongdoing. We will take necessary measures to firmly safeguard China's legitimate rights and interests.
4, CAAC: the first half of the passenger traffic of 245 million passengers, an increase of 66.4%
According to CAAC, in the first half of the year, the whole industry completed the total transport turnover of 46.50 billion tons of kilometers, an increase of 45.4% year-on-year, recovered to the same period of 2019, 74.1%, and the extent of the recovery of the whole year of 2020, an increase of 12.4 percentage points. The industry*** completed 245 million passenger trips, up 66.4% year-on-year, recovering to 76.2% of the same period in 2019, and the degree of recovery was 12.9 percentage points higher than that of the whole year of 2020.
5, South Korea officially recognized by the United Nations as a developed country, the first case since 1964
The United Nations Conference on Trade and Development adopted the case of South Korea's change of status, officially recognizing South Korea as a developed country. It is reported that this is the first time since the establishment of the UN Conference on Trade and Development in 1964 that a country has been changed from a developing country to a developed country. Korea's GDP last year was 1.5512 trillion dollars, ranking 10th in the world. According to the WTO, South Korea's exports were 512.5 billion U.S. dollars last year, ranking seventh in the world. per capita GDP in 2020 was 31,497,000 U.S. dollars, ranking 26th in the world.
6, Shenzhen's second-hand housing transactions fell below 3,000 sets, down nearly 80% year-on-year
In the first half of this year, Shenzhen's second-hand housing transactions continued to decline, has been three consecutive months of turnover less than 5,000 sets, in June was below 3,000 sets. Data show that in June, Shenzhen second-hand residential transfer sets of 2575 sets, down 15% from the previous year, a year-on-year decrease of 76%. In the first half of the year, 28,442 units of second-hand residential **** were sold, down a whopping 35.4 percent year-on-year.
7, China's June Caixin services PMI at 50.3
China's June Caixin services PMI recorded 50.3, compared with expectations of 54.9, a drop of 4.8 percentage points from May, the lowest in 14 months, although still in the expansion zone, but the growth rate slowed down significantly.
Some sources: China Cotton, Globe
Edited by China Yarn New Media Team
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