Work resumed during the war against the 'epidemic' Beware of the 'Sword of Damocles' (February 10-14, 2020)

1. The spot price of domestic cotton yarn dropped slightly. Futures prices rebounded. This week, the spot price of domestic yarn dropped slightly. The national cotton market monitoring system yarn index CNCotton C32S average price of 20465 yuan / ton, down 12 yuan / ton from last week, the price difference between yarn and cotton is 7087 yuan / ton, an increase of 36 yuan / ton from last week; the main settlement price of cotton yarn futures is 21074 Yuan/ton, up by 335 Yuan/ton from last week, higher than the spot price of 609 Yuan/ton, and the basis expanded by 347 Yuan/ton. Due to stricter approvals for the start of work during the “epidemic” period, only some companies resumed work and production this week, most of which were based on orders before the Spring Festival. There are currently no inquiries or purchase intentions. The remaining companies that have not started are actively resuming production. prepare for. However, textile companies that have started work normally have many worries: starting work, if the product cannot be sold, it will become an inventory backlog; if work is stopped, if you want to resume work in the future, you have to apply again. 2. International cotton yarn prices rose slightly (1) 32 cotton yarns This week, the average pick-up price at Indian ports was 20,680 yuan/ton, up 24 yuan/ton from last week, and the price difference between China and India [1] [1] narrowed 36 yuan from last week /Ton to -215 yuan/ton; the average pick-up price of Vietnamese ports is 20,260 yuan/ton, an increase of 12 yuan/ton from last week, and the price difference between China and Vietnam narrowed by 24 yuan/ton to 205 yuan/ton from last week. (2) 21 cotton yarns this week, the average pick-up price of Indian ports was 19,670 yuan/ton, an increase of 18 yuan/ton from last week, and the price difference between China and India was 270 yuan/ton, the same as last week; the average pick-up price of Pakistan ports was 19,350 yuan/ton. Ton, up 12 yuan/ton from last week, and the price gap between China and Pakistan expanded by 6 yuan/ton to 680 yuan/ton from last week.　　(3) 10 air-jet spinning 　　 This week, the average pick-up price at Indian ports was 13,380 yuan/ton, an increase of 18 yuan/ton from last week, and the price difference between China and India narrowed by 26 yuan/ton to -145 yuan/ton from last week.　　According to reports from textile companies, due to the epidemic, the resumption period was extended by nearly half a month, and some production personnel were unable to arrive in time, and there was a risk of order default. It is reported that some Indian yarn mills hope to resign contracts to increase freight prices, and are delaying shipment and delivery dates on the grounds of the spread of the new crown epidemic, which also disrupted the resumption plan and the implementation of the original contract to a certain extent.　　 In addition, since mid-January, the stock of cotton yarn in Shanghai, Ningbo, Qingdao, Zhangjiagang and other port bonded areas has shown continuous growth, with C32S and below Vietnamese yarn, Indian yarn, and veil mainly. According to estimates by some traders, as of mid-February, the total inventory of cotton yarns in various ports has exceeded 180,000 tons. Affected by factors such as the depreciation of the renminbi and stagnant demand, traders are not enthusiastic about active clearance sales. 3. The price decline of polyester staple fiber expanded compared with last week. This week, the national cotton market monitoring system chemical fiber index, CNCotton PS (1.4D direct spinning polyester staple) average price was 6694 yuan/ton, down by 172 yuan/ton from last week. The price difference widened by 124 yuan/ton to 6684 yuan/ton from last week; the average price of CNCotton VS (mainstream viscose staple fiber) was 9,600 yuan/ton, an increase of 40 yuan/ton from last week, and the cotton viscose price difference narrowed by 88 yuan/ton from last week. Tons to 3778 yuan/ton.　　Fourth, future outlook　　Beware of the 'Sword of Damocles'. Although textile companies have resumed work and production one after another, the 'four mountains' of tight funds, high inventories, difficult recruitment, and few orders are still the 'Sword of Damocles' hanging over textile companies.　　 In order to resolve corporate problems and help companies get out of their predicaments, the state has successively introduced policies: First, to waive high-speed tolls, and promote the resumption of work and production to ensure economic development. Recently, the epidemic situation in some provinces has gradually stabilized. Enterprises across the country have resumed work and production. In order to restore logistics capacity, with the approval of the State Council, from 0:00 on February 17 until the end of epidemic prevention and control, toll roads nationwide will be exempted from vehicle tolls. The free objects are all vehicles on toll roads in accordance with the law. This is tantamount to giving enterprises 'reassuranceThe second is the 10 “hard core” measures of the General Administration of Customs to fully support the resumption of work and production of foreign trade enterprises. In order to prevent the spread of the epidemic, most countries and regions still adopt immigration control measures. The main measures include evacuation of overseas Chinese, reducing flights, strengthening entry inspections for Chinese tourists, restricting visas, and restricting travel. This has put tremendous pressure on China's foreign trade export industry. On February 16, the General Administration of Customs issued 10 measures to support foreign trade enterprises in resuming production and promote the steady growth of foreign trade. Measures include increasing support and alleviating business difficulties.　　 It can be seen that the state is successively introducing countermeasures to the current difficulties faced by enterprises. Some provinces and cities (counties) provide financial incentives, rent reductions, and credit support to support the resumption of work and production. Although this year's severe winter is 'long　　[1] The price difference in the article is the difference between the price of middle yarn and the price of outer yarn. Article Keywords: 　China Textile Market