150D/3 Filament Embroidery Thread

Product Name:

polyester embroidery thread

Characteristics:

Polyester embroidery thread is made of polyester filament. The thread is of good glossy effect, low friction, uniform twist, low breakage and low chromatic aberration.

Product types: 108D/2, 120D/2, 150D/2, 150D/3.

Domestic cotton planting intentions decline year-on-year

The national cotton market monitoring system launched a nationwide special survey on cotton planting intentions in mid-to-late November of last year. The sample involved 15 provinces (autonomous regions), 50 cotton-growing counties (cities, and farms), and more than 1895 designated cotton planting information links Households. The survey results show that in 2020, the national cotton planting area is 45.875 million mu, a year-on-year decrease of 2.068 million mu.

The cotton planting area in the northwest inland cotton area is 35.205 million mu, a year-on-year decrease of 1.3%. Among them, Xinjiang intends to plant cotton area of 34.927 million mu, a year-on-year decrease of 1.1%. The cotton planting area in the middle and lower reaches of the Yangtze River was 3.947 million mu, a year-on-year decrease of 19.5%. The area of cotton planted in the Yellow River Basin was 6.348 million mu, a year-on-year decrease of 8.2%.

There are two main reasons for the decline in cotton planting intentions: First, the decline in the purchase price of seed cotton has led to a setback in the enthusiasm of cotton farmers. According to data from the National Cotton Market Monitoring System, as of November 30, 2019, the average purchase price of seed cotton in the Mainland in 2019/2020 fell by 12.5% compared with the same period of the previous year, and the average purchase price of Xinjiang seed cotton fell by 23.9%. The second is that the later policies are still unclear. 2019 is the last year when Xinjiang ’s cotton target price subsidy will be implemented for “three years”. The policy in the later period is not clear, and it will also affect the enthusiasm of cotton farmers.

In general, as long as Xinjiang ’s cotton planting intentions do not decline significantly, domestic production will eventually be relatively stable.

Polarization of cotton stocks

In the past two years, cotton warehouse receipts have repeatedly hit record highs. Since November 2019, the growth rate of warehouse receipts has accelerated significantly. As of December 31, 2019, the number of registered warehouse receipts of Zhengshang Office was 26,591, and the effective forecast was 6,503. The total amount of orders reached 33,094, equivalent to about 1.32 million tons of Zhengmian spot, which is the highest value of Zhengmian warehouse receipts since data are available, and is in the process of continued growth. Some people in the industry speculate that the total amount of warehouse receipts may reach a historical level of 35,000, and the spot will be as high as 1.4 million tons, accounting for about 24% of the new cotton production in 2019/2020. Therefore, the pressure of the warehouse receipt on the disk cannot be ignored.

In addition, the commercial inventory of cotton in November 2019 was about 4.5 million tons, a year-on-year increase of 5.48% and a month-on-month increase of 39.46%, which was the highest in the past 10 years in the same period. At the same time, the cotton industry inventory in December 2019 was only 27.4 days, a year-on-year decrease of 27.13% and a month-on-month decrease of 4.53%, which was the lowest in the same period in the past five years.

It can be seen that cotton is currently concentrated in the hands of ginners and traders, and the raw material inventory of the mill is extremely low. If the mill does not actively replenish the raw material inventory in the future, Zheng Cotton will not have enough motivation to continue to make breakthroughs. Make a comeback.

Yarn production declines, high inventory

In November 2019, the national yarn output was 2.614 million tons, a year-on-year decrease of 4.18% and a month-on-month increase of 5.11%; the cumulative yarn output from January to November was 22.436 million tons, a year-on-year decrease of 13.68%; it is expected that the full-year yarn in 2019 Production will decline year-on-year. The national yarn output in 2018 was 28.658 million tons, a year-on-year decrease of 22.37%. From the month-on-month change trend of yarn production, it can be seen that there is a clear downward trend. In November 2019, the domestic yarn inventory was 23.87 days, a year-on-year increase of 20.3% and a month-on-month decrease of 12.1%.

In summary, the survey results of the declining domestic cotton planting area in 2020 have limited substantial impact on cotton fundamentals. At present, cotton warehouse receipts and commercial inventories are at historically high levels in the past five years, while industrial inventories are at historically low levels. At the same time, yarn production has declined and corporate inventories have been high, indicating weak downstream demand. In addition, the traditional textile holiday window period has arrived, and Zheng Cotton has fallen The pressure remains. From a technical point of view, Zheng Mian quickly pulled up in the short term, and it is not easy to chase up. After it stabilizes, he can short sell in a timely manner.

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