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The "2018 Cotton Futures and Options Forum," hosted by Nan Hua Futures, co-organized by Tongzhou Cotton, and specially supported by Zhengzhou Commodity Exchange, was successfully held on December 8th at the Zhengzhou Mercure Hotel. Mr. Wei Gangmin, Chairman of our company, was present. Mr. Li Tao, Assistant President and General Manager of the Sales Company, delivered a welcome address and expressed sincere gratitude for everyone's care, support, and affection for Tongzhou over the years. The forum focused on the macroeconomic environment under the US-China trade war, the current production and sales situation of downstream yarn and cloth, cotton option contract rules, and how cotton companies can use futures and options for risk management. More than 200 representatives from cotton-related enterprises across the country attended the forum.
Mr. Zhang Yiwei, Director of the Beijing Branch of Nan Hua Futures Research Institute, elaborated on the impact of the global economic environment under the US-China trade war on bulk commodities from a macroeconomic perspective. He believes that the global monetary environment is tightening, the lower limit of global inflation next year is rising, the "three high" physique of the US economy has entered a dangerous period, and China's potential growth rate is insufficient, with debt being the most prominent issue at present. He anticipates room for a rebound in industrial products next year, while the volatility of the entire commodity market will increase.
Mr. Zheng Shengwei, Senior Manager of Huarui Information and Senior Textile Industry Consultant, mainly analyzed the operation and transmission of the downstream yarn and cloth industry chain since the US-China trade war. He believes that the trend of shrinking domestic and international terminal demand has already formed, and the downward space for cotton yarn prices is temporarily affected by cost support. The recovery of long-term market demand will not be clear until March next year.
Ms. Zhao Nana, General Manager of our company's Investment and Research Department and International Business Department, gave a special report on "Introduction to Cotton Options." She focused on a detailed explanation of cotton option contract rules and the factors influencing premiums, and conducted an in-depth analysis of the four basic strategies and settlement methods of options.
Mr. Gao Guoying, Cotton Business Department Manager of Zhejiang Nan Hua Capital Management Co., Ltd., conducted an in-depth analysis from the perspective of combining spot and futures trading using practical case studies. He provided a detailed explanation of how cotton textile companies can use cotton futures and options to manage price fluctuation risks.
This forum was rich in content, with insightful and wonderful presentations by the guests, and was full of valuable information. It received unanimous praise from 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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Henan Tongzhou Cotton Industry Co., Ltd.
Address: 10th Floor, Henan Nongxin Building, No. 19 Commercial Outer Ring Road, Zhengdong New District,Zhengzhou, China
Tel：86037165836206
Email：tongzhou@tongzhoucotton.com
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