News

03

2020-08

Global Textiles (08.03): This week's oil price trend is mostly bearish, as the new crown outbreak continues to pressure market demand, OPEC production increase in August is imminent.

2020-08-03

01

2020-08

Made in China under the epidemic: dangers and opportunities in the supply chain.

Manufacturing relies on complex and integrated production systems. The "butterfly effect" is easy to appear in a key area or link. The epidemic has made many companies feel pressure from the supply chain and has brought the seemingly obscure term supply chain into the public eye. At the G20 leaders' special summit on March 26 to deal with the new coronary pneumonia, ensuring the security and stability of the global supply chain was a common call. How important is the supply chain? Under the epidemic, what are the dangers and opportunities in the supply chain? How important is the supply chain? Cutting wires, inserting snaps, wiring, wrapping tape ...... Qingdao Jimo Jingxin Electronics Co., Ltd. 2.

2020-08-01

01

2020-08

Attention, many new policies and regulations will be implemented from August 1!

2020-08-01

27

2020-07

Quick look! 3 Textile-related National Standards Released, Implemented on February 1, 2021

2020-07-27

07

2020-07

Global Textiles (07.17): Oil prices closed down or will go down on Thursday as OPEC production cuts slow and U.S. new crown cases surge.

Epidemic report According to Worldometers real-time statistics, as of 04:49 Beijing time on July 17, the global new crown virus confirmed cases of 13.85 million cases, 170883 new cases, deaths of nearly 590000 cases, 3735 new cases. There were more than 3.67 million confirmed cases of the new coronavirus in the United States, with 55162 new cases, 140000 deaths and 706 new cases. There are 22 countries with more than 100000 confirmed cases in the world. The order from most to least is the United States, Brazil, India, Russia, Peru, South Africa, Chile, Mexico, Spain, the United Kingdom, Iran, Pakistan, Italy, Saudi Arabia, Turkey, Germany, Bangladesh, France, Colombia, Argentina, Canada and Qatar. California's new coronary pneumonia epidemic is severe, with new diagnoses, hospitalizations and deaths hitting a new high on Tuesday. Among them, the number of new coronary pneumonia confirmed in a single day as many as 11000, more than 20 percent higher than the average of 9,000 new confirmed cases in the past five days, reflecting the uncontrollable outbreak; Texas has 10291 new confirmed cases of new coronary pneumonia, the cumulative number of confirmed cases rose to 292656. There were 129 new deaths and a total of 3561 deaths. New deaths hit a one-day high since the outbreak. Quote Briefing 1) According to data released by the U.S. Department of Labor, the number of people claiming unemployment benefits in the U.S. fell by 10,000 to 1.3 million at the beginning of the week ending July 11, which is still higher than the 1.25 million expected by the market. At the same time, the number of new infections in the southern and western United States is still increasing, and the second wave of infections has caused states to cancel some measures to reopen the economy, and the pace of recovery in crude oil demand has begun to slow. In addition, allies such as OPEC and Russia have also agreed to ease production cuts starting in August, posing downside risks to the crude oil market. However, both Saudi Arabia and Russia have mentioned that crude oil exports are not growing, and it can be seen that the primary goal of Saudi and Russian policy is to limit production, protect prices and remove inventory rather than rush to expand market share. Oil prices closed down on Thursday (July 16): U.S. WTI crude oil August futures closed down 45 cents at $40.75/barrel, or 1%; Brent crude oil September futures closed down 42 cents at $43.37/barrel, or nearly 1%. Sevens Report Research said that in addition to OPEC +'s decision to reduce production, the crude oil market remains highly correlated with the stock market. The reason for this is that the biggest threat to risky assets, including crude oil, remains a renewed outbreak of the coronavirus epidemic and a possible economic shutdown. 2) According to the business agency data, July 16, 2020 commodity prices rise and fall in the textile sector rose a total of 2 kinds of commodities, the top 2 commodities were dried cocoon (0.28), lint (0.16). There were three commodities that fell month-on-month, with the top three falling products being raw silk (-0.55 per cent), PTA(-0.40 per cent) and spandex (-0.32 per cent). The daily average was up or down -0.05 per cent. The textile index was 691 points on July 16, unchanged from yesterday, down 40.22 percent from the cycle's highest point of 1156 points (2018-09-03) and up 0.88 percent from its lowest point of 685 points on April 29, 2020. (Note: Cycle refers to 2011-12-01 to date), forecast 17-day average trend: 691.070. The PTA industry index was 516 points on July 16, unchanged from yesterday, down 54.93 percent from the cycle's highest point of 1145 points (2018-09-06) and up 2.38 percent from the April 02, 2020 low of 504 points. (Note: Cycle refers to 2011-12-01 to date). On July 16, the polyester staple fiber industry chain index was 61.45, down 0.03 points from yesterday, down 44.22 from the cycle's highest point of 110.16 points (2018-09-10), and up 12.20 from the lowest point of 54.77 points on June 28, 2012. (Note: Cycle refers to 2011-12-01 to date) global focal 1) Vietnam's textile and garment orders halved, workers face unemployment crisis According to a report from the Ministry of Commerce and Industry of Vietnam in the first half of the year, the output of the textile and garment industry has fallen sharply due to the outbreak of new crown pneumonia. textile production increased by 2.8 percent for the whole year, up only 1/3 from the same period last year. Although clothing production rose 17.5 percent month-on-month in June, the first six months were still down nearly 5 percent from a year earlier. The Ministry of Industry and Commerce pointed out: "The shortage of raw materials for production and the cancellation and suspension of export orders, delayed delivery, slow settlement and other factors have led to the sharp decline of this situation." Demand for ready-to-wear and fashion has fallen sharply around the world, particularly in Europe and the United States. In order to cope with the above situation, many clothing retailers have to cancel existing orders or postpone orders. 2) Cambodia's garment industry wants the EU to consider delaying the withdrawal of EBA based on the outbreak. On July 6, the representative of the garment factory in Daikin Ou City, Gangla Province, said that due to the impact of the new coronary pneumonia epidemic, the Cambodian garment industry has been hit hard, the factory can not make ends meet, thus the Cambodian garment, shoe enterprises hope that the European Commission can be based on the current severe situation of the new coronary pneumonia epidemic, the extension of the withdrawal of "in addition to weapons export preferential treatment to Europe". If the EU does not cancel Cambodia's EBA preferential tariffs, Cambodia's textile enterprises still have a chance to stand up again. The three chambers of commerce believe that since the outbreak of new pneumonia in Cambodia, more than 400 garment factories, shoe factories and travel goods factories have applied to close down nationwide, resulting in about 150000 workers (mainly female workers) losing their jobs. At the same time, the epidemic continues and life for unemployed workers is becoming increasingly difficult. 3) Hebei Gaoyang overnight seizure of unqualified towel related enterprises After the 3.15 party broadcast by the CCTV Finance Channel at 8 pm on July 16 exposed the quality of the towel yarn in Gaoyang, Hebei, the Gaoyang County Party Committee and the county government attached great importance to it and immediately convened an emergency meeting to establish a special rectification leading group to deal with the exposed problems. Deploy all night. Convene a mobilization meeting for joint law enforcement inspections and rectifications of market supervision, environmental protection, public security, electric power and other departments to conduct surprise inspections of the companies involved and seal up the problematic products on the spot. The company formulated a special rectification implementation plan, carried out a large-scale inspection of the towel production enterprises in the county, and comprehensively investigated the hidden dangers of quality and safety. The Gaoyang county party committee and county government, which have zero tolerance for acts that damage the rights and interests of consumers, will strictly prevent and strictly control the safety risks of towel products, take the initiative to accept supervision, and announce the rectification to the public in a timely manner. 4) Prices will not change in the second half of the year in general. Liu Aihua, spokesperson of the National Bureau of Statistics and Director of the Department of Comprehensive Statistics of the National Economy, introduced at the press conference of the State Council Information Office on the 16th that prices in the first half of this year have generally maintained a stable trend, with a cumulative increase of 3.8. Under the impact of the epidemic and the recent floods, prices have been able to return to such a range, is the effect of the measures taken by all parties to stabilize prices. 5) China's economic performance is stronger than expected, basically facing the stability of the exchange rate gradually appear. Guan Tao, global chief economist of Bank of China Securities, said that China's economy has the advantage of taking the lead in recovery. The PMI index has been above the boom and bust line for four consecutive months. The performance of exports and the use of foreign capital has exceeded market expectations. The economy also reached a positive growth of 3.2 in the second quarter, a slight improvement over market expectations. The economy basically played a supporting role in the RMB, and the exchange rate began to rise steadily in the second half of the overall, the basic face of the RMB exchange rate stability will gradually appear. Market Commentary Do Asian buyers really pay for OPEC's easing of production cuts? Saudi Arabia's crude oil exports fell to 6.02 million barrels per day in May, a record high a month ago and the lowest since October 2010, according to data released by the Joint Organization Data Plan on Thursday. At the same time, Saudi crude oil exports also fell from a record 12.07 million barrels per day in April to 8.486 million barrels per day, the lowest level since December 2010. The decline in production was mainly due to Saudi Arabia's compliance with the previous OPEC + agreement to cut production. On Wednesday, OPEC + members agreed to reduce their commitment to cut production by 9.7 million barrels per day, which has been in place since May, with the aim of reducing production by 7.7 million barrels per day by December. But with the recovery in fuel demand across Asia still fragile, East Asian refiners decided not to increase crude oil imports and refinery extraction rates. China's crude oil imports rose 34.4 percent in June from a year earlier to a record high of 12.99 million barrels a day, according to official customs data. Since the end of March, China's inventory has remained high as China scrambles to buy cheap crude oil. It is expected that the crude oil inventory will remain high in July. In May, China's domestic demand for gasoline returned to near pre-lockdown levels. However, industry officials in Beijing and Shandong said that state-owned and independent oil refining companies remained cautious and unwilling to adjust the balance of supply and demand as the country faced severe floods and torrential rains this month, limiting demand for transportation and industrial fuels. On Wednesday, Saudi Arabia's energy minister said OPEC +'s production cuts starting in August would actually exceed 7.7 million bpd, as countries that cut more than the limit in May and June had agreed to continue to increase production cuts in the third quarter. Policy Concerns Ministry of Commerce: to study the introduction of a new batch of stable foreign trade policies. The Ministry of Commerce, together with relevant departments, will, on the basis of continuing to promote the implementation and effectiveness of existing policies, step up efforts to study and introduce a new batch of policies to stabilize foreign trade, and encourage local innovation measures in accordance with local conditions, especially around the outstanding difficulties faced by foreign trade enterprises, such as insufficient external demand, rising costs, blocked people and logistics, starting from making full use of export tax rebates, export credit insurance, expanding export credit investment, playing an online role, and accelerating the development, continue to reduce the burden of foreign trade enterprises, continue to increase support for small and medium-sized foreign trade enterprises, continue to help foreign trade enterprises to further develop the market, seize orders, do everything possible to stabilize the basic plate of foreign trade and foreign investment. Transport dynamics 1) The crew of two HPL ships infected with the new crown. It is reported that Hapag-Lloth (Hapag-Lloyd) recently issued a notice on its official website that HPL's two 3237TEU container ships "PhiladelphiaExpress" and "St.Louis Express" each had a crew member in the US port waters. Nucleic acid test results were positive. At present, the impact of this incident on ship and cargo operations is being evaluated, and the berthing dates of each port of call on the route will be adjusted accordingly. 2) Chittagong lifts 14-day limit on Chinese ships Recently, Chittagong authorities revoked the quarantine order on all ships from China. From July 12, ships can berth immediately when they arrive at the port. As of now, the Bangladeshi authorities believe that the epidemic situation in China is well controlled and confirmed as a safe country. 3) EgyptAir resumes flights to and from Guangzhou on July 23 EgyptAir announced on the 16th that from July 23, EgyptAir will resume operations from Cairo to Guangzhou, one flight a week, operated by Boeing 773. risk early warning 1) The Central Meteorological Observatory issued a rainstorm yellow warning. The Central Meteorological Observatory issued a yellow rainstorm warning: It is estimated that from 08:00 on the 17th to 08:00 on the 18th, southern Huanghuai, most of Jianghuai, most of Hubei, northwestern Hunan, eastern Chongqing, northeastern Guizhou, southern Sichuan, northwestern Hebei, and Shanxi Heavy rains (100~180mm) in parts of the northeast and western Yunnan; some of the above areas are accompanied by short-term heavy rainfall (the maximum hourly rainfall is 30-50mm, and the local area can exceed 70mm), and there are strong convective weather such as thunderstorms, gales or hail. 2) Emergency response to flood control in Hefei City, Anhui Province was upgraded to Level II. It was learned from the Hefei Flood Control and Drought Relief Headquarters that from 17:00 on July 16, the emergency response of flood control in Hefei will be upgraded to level II. At 12 o'clock on July 16, the water level under the Chaohu sluice of Yuxi River was 12.08 meters, which exceeded the guaranteed water level by 0.08 meters; the water level of the gap in the West River rose to 11.80 meters, which was close to the guaranteed water level of 11.90 meters. The main rivers in the Chaohu River Basin have exceeded the warning, and the water level is still There is an upward trend. It is predicted that there will be continuous rainfall in our city in the near future, and the water level of Chaohu Lake and various rivers will continue to rise.

2020-07-07

03

2020-07

China's manufacturing PMI50.9% in June, up from the previous month

At present, in accordance with the deployment of the Central Committee of the Communist Party of China and the State Council, all regions and departments have done a good job of "six stability" and implemented the "six protection" tasks, striving to overcome the adverse effects of the new coronary pneumonia epidemic, and the overall recovery of China's economic operation continues to improve. According to the National Bureau of Statistics, China's manufacturing purchasing managers' index (PMI) stood at 50.9 in June 2020, up 0.3 percentage points from the previous month. Among the 21 industries surveyed, the PMI of 14 industries was above the critical point, an increase of 5 from the previous month. The manufacturing industry recovered steadily and the fundamentals continued to improve. In terms of enterprise size, the PMI of large and medium-sized enterprises is 5

2020-07-03

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