Tongzhou Market Information Brief, Week 1 of January 2020

1. Zhengmian Cotton
Positive Factors:
1. Improved downstream orders, balanced production and sales, and a good yarn mill inventory structure.
2. Inclusion of Xinjiang cotton continues, providing price support.
3. The signing of the Phase One US-China trade agreement is positive for the phased repair of domestic and international demand.
4. Improved capital liquidity.
Negative Factors:
1. Yarn mills need to repair their immediate profits, and the grey fabric end is still in a destocking cycle.
2. High industrial inventory levels, and the impact of state reserves on reducing the pressure of short-term supply easing takes time.
3. The price difference between domestic and foreign cotton has been repaired to some extent, allowing imports of 1% tariff foreign cotton.
4. Polyester replacing cotton consumption.
2. US Cotton
Positive Factors:
1. India's CCI reserve purchases have a supporting effect on cotton prices.
2. The USDA's December report continues to improve the US cotton 19/20 balance sheet.
3. Foreign yarn production profits continue to improve, which is beneficial to cotton consumption.
4. Positive news from trade negotiations, there is an expectation of US cotton being stockpiled.
Negative Factors:
1. The execution of a large number of un-shipped contracts signed by China for US cotton requires the continued improvement of the subsequent trade war situation.
2. The macroeconomic weakness is bottoming out, demand is weak, and destocking takes time.
3. Focus
1. Changes in the US-China trade situation.
2. Continue to monitor the progress of cotton listing in major producing countries.
3. The consumption status of downstream China and Southeast Asia.
4. Planting expectations for future cotton.
 

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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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