The Tongzhou Cotton Commune successfully held its first cotton industry chain market research seminar in 2020.
On March 26th, the Tongzhou Cotton Commune's 2020 annual cotton industry chain market research meeting was successfully held in our company's medium-sized meeting room. Mr. Wei Gangmin, chairman of our company, presided over the meeting, and more than 30 people attended, including President Huang Hongyu, Assistant Presidents Li Tao and Zhao Nana, and members of the Tongzhou Cotton Commune.
Participating guests spoke in turn, generally recognizing the severity and complexity of the current global epidemic situation. They elaborated and discussed from the perspectives of their respective factories' production and operation status, procurement strategies, downstream customer order conditions, and future market expectations; Chairman Wei conducted an in-depth analysis of the impact of the epidemic on the global economy and the textile industry from the perspectives of "economic cycle, production capacity cycle, and epidemic cycle." He also detailed the possible future direction of cotton prices and operating strategies for cotton-related enterprises from dimensions such as "macroeconomic policies, cotton policies, industrial transmission, financial risks, trading sentiment, and market sentiment." This provided guidance for the production, operation, and risk control of enterprises in the coming period and was unanimously praised by the participants.
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.
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.
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.
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.
Henan Tongzhou Cotton Industry Co., Ltd.
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