Tongzhou Market Information Brief, Week 1 of December 2020

I. Domestic Market
Positive Factors
1) Low inventory in the industrial chain coupled with expectations of spring and summer orders
2) Warehouse receipt structure provides positive support, high acquisition cost support
3) Reserve policy provides a bottom
Negative Factors
1) Current negative factors -- Orders are less than last year and market expectations, dyeing machine operation rate decreases
2) Strong selling and hedging pressure around 14600-14800
3) The profit of the industrial chain is still being compressed, which is not conducive to raw material replenishment
4) The price difference between domestic and foreign markets remains high, impacting imported yarn and cotton.
II. Overseas Market
Positive Factors
1) Agricultural product price ratio is positive for cotton
2) Due to slow listing and fast export, the expectation of a decrease in the US cotton inventory consumption ratio is positive for cotton
3) Overseas industrial orders, machine operation rate and profit status are positive for cotton
4) India's reserve policy support
5) The price difference between domestic and foreign markets is positive for foreign cotton
6) US dollar depreciation is positive for foreign cotton
Negative Factors
1) Downstream and polyester staple fiber, viscose price ratio is not conducive to cotton consumption
2) The lack of profit in imported yarn may in turn affect Southeast Asian orders and machine operation rates.
3) Currently, the ICE price is close to the MSP reserve price. When CCI reserves are not needed, the possibility of the market returning to a state of surplus.
Pay attention to the overseas order situation and the domestic spring and summer order placement situation

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Tongzhou Market Information Brief, Week 5, December 2020

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Tongzhou Market Information Brief, Week 4 of September 2020

Leaders from Xiamen C&D Group visited Tongzhou for investigation and guidance

Leaders from Xiamen C&D Group visited Tongzhou for investigation and guidance

On March 3, Wang Yongqing, Vice President of Xiamen CNOOC Group, visited Tongzhou Group for investigation and guidance. Wei Gangmin, Chairman of our company; Huang Hongyu, President; Li Tao, Vice President; and Zhang Zhiyan, Director of the General Office, met with and participated in a symposium.

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Leaders from Xiamen C&D Group visited Tongzhou for investigation and guidance
Tongzhou Cotton Market Brief, Week 1 of March 2025

Tongzhou Cotton Market Brief, Week 1 of March 2025

1) This week's National People's Congress and the Chinese People's Political Consultative Conference (NPC & CPPCC) in China boosted market expectations for steady growth. In February, the Purchasing Managers' Index (PMI) for manufacturing stood at 50.2%, up 1.1 percentage points from the previous month, indicating a significant improvement in the manufacturing sector.

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Tongzhou Cotton Market Brief, Week 1 of March 2025
In 2024, China's exports of dyed and printed fabrics to Vietnam and Bangladesh increased significantly.

In 2024, China's exports of dyed and printed fabrics to Vietnam and Bangladesh increased significantly.

In 2024, China's dyeing industry saw rapid export growth to ASEAN and RCEP member countries, exceeding the overall export growth rate. However, this growth was accompanied by a decline in prices. From January to December, China's exports of eight major dyeing products to ASEAN totaled 7.908 billion meters, a year-on-year increase of 12.14%, 4.61 percentage points higher than the overall export growth rate, accounting for 23.58% of total exports. The average export price was US\$1.19 per meter, a year-on-year decrease of 2.75%, 0.64 percentage points lower than the overall decline. Exports to RCEP member countries totaled 8.431 billion meters, a year-on-year increase of 11.35%, 3.82 percentage points higher than the overall export growth rate. The average export price was US\$1.17 per meter, a year-on-year decrease of 2.79%, 0.60 percentage points lower than the overall decline.

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In 2024, China's exports of dyed and printed fabrics to Vietnam and Bangladesh increased significantly.
President Huang Hongyu was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference

President Huang Hongyu was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference

On February 28, Mr. Huang Hongyu, President of our company, was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference and, as a guest speaker at the "Xiangshan Roundtable," shared his views on the cotton market and trading opportunities.

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President Huang Hongyu was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference

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