New national mandatory standard for cotton released

The State Administration for Market Regulation (National Standardization Committee) announced the release of the mandatory national standard "Cotton Part 1: Fine-staple cotton processed by saw ginning" (GB 1103.1-2023), which will come into effect on September 1, 2024.
 
The new standard organically connects with the 2012 version in terms of structure and aligns its core indicators with international cotton grading standards. There are six specific changes:
 
First, the new standard adds a short fiber rate indicator and its testing method to meet the cotton textile industry's demand for high-quality cotton, aiming to solve the problem of reduced yarn quality and increased spinning costs caused by the high short fiber rate of machine-picked cotton; second, it optimizes the color grading chart to adapt to the statistical data of cotton color distribution and the accuracy requirements of instrument testing; third, it tightens the ginning quality grading requirements, raising the baseline level of mid-range cotton physical standards, and promoting the improvement of cotton quality; fourth, it adopts stricter standards for the impurity rate, forcing optimization of machine-picked cotton processing technology in light of the increased impurity rate brought about by the popularization of machine-picked cotton; fifth, it changes the sampling rule according to batches, changing the original rule of sampling one out of every 10 bags to a tiered sampling rule, that is, the more the number of batches, the more samples are randomly selected, thus improving the representativeness of the samples; sixth, it adds a QR code cotton bale marking method to further improve the digital level of the cotton industry and facilitate cotton quality traceability.
 
In recent years, China's cotton industry has seen new developments such as concentrated planting, mechanized harvesting, and high-end demand, which has put forward new requirements for the updating and upgrading of national cotton standards. To adapt to these new changes and demands, the State Administration for Market Regulation, together with relevant departments, has revised the standard in a timely manner. This is of great significance for ensuring China's cotton supply security and promoting the high-quality development of the cotton industry.
 
Next, the State Administration for Market Regulation will, together with relevant departments, strengthen the publicity, training, and interpretation of the new standard, guiding the implementation of the new standard in all aspects of cotton planting, harvesting, processing, inspection, storage, and trade. Based on the new standard, we will accelerate the improvement of cotton notarization rules to ensure the implementation of the new standard in the 2024 new cotton season.

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From January to September 2023, China's total import and export volume of textile printing and dyeing auxiliaries decreased year-on-year.

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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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