Tongzhou Market Information Brief, Week 1 of February 2020

1. Zhengzhou Cotton
Positive Factors:
1. Inverted price difference between domestic and international cotton.
2. Xinjiang cotton continues to be purchased, providing price support.
3. The signing of the Phase One trade deal between China and the US is positive for the short-term recovery of domestic and international demand.
4. Improved capital market liquidity.
Negative Factors:
1. Pessimistic market sentiment due to the impact of the epidemic, delayed enterprise resumption of work, and reduced demand.
2. High industrial inventory, and the alleviation of the pressure from the relatively loose supply due to national reserves purchases will take time.
3. Polyester substitutes for cotton consumption.
2. US Cotton
Positive Factors:
1. India's CCI reserves provide support to cotton prices.
2. The USDA January report continues to improve the US cotton 19/20 balance sheet.
3. There is an expectation that US cotton will be put into reserve.
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 trade war situation.
2. Short-term external yarn demand is constrained by reduced demand from China and high prices.
3. The macro-economy is weak and bottoming out, demand is weak, and destocking will take time.
3. Focus
1. Changes in the China-US trade situation.
2. Continue to monitor the listing progress of major cotton-producing countries.
3. The consumption status of downstream industries in China and Southeast Asia.
4. Future cotton planting expectations.

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Tongzhou Market Information Brief, Week 2 of February 2020

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Tongzhou Market Information Brief, Week 3 of January 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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