Tongzhou Market Information Brief, Week 3 of February 2020

1. Zhengmian
Positive factors:
1. A 1% price inversion between domestic and international cotton.
2. Xinjiang cotton continues to be included in the national reserve.
3. The domestic epidemic shows signs of short-term easing.
4. Improved capital liquidity.
Negative factors:
1. Companies delay resumption of work due to the epidemic, reducing demand.
2. It takes time for the national reserve's inclusion to alleviate the pressure of short-term supply easing.
3. Polyester substitutes for cotton consumption.
2. American Cotton
Positive factors:
1. India's CCI reserve purchases support cotton prices.
2. There is an expectation that American cotton will be reserved.
3. Locust plagues in West Africa, India, and Pakistan lead to expectations of agricultural product inflation.
Negative factors:
1. Short-term foreign yarn demand is limited by reduced demand from China and high prices.
2. The weak macro-economy is bottoming out, demand is weak, and de-stocking takes time.
3. Focus
1. Changes in the Sino-US trade situation.
2. The pace of downstream resumption of work.
3. Changes in the epidemic situation in China, Southeast Asia, and India.
4. Planting expectations for future cotton.
 

previous：

Tongzhou Market Information Brief, Week 4 of February 2020

next：

Tongzhou Market Information Brief, Week 2 of February 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.

Details

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.

Details

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.

Details

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.

Details

President Huang Hongyu was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference

Sorry，当前栏目暂无内容!

您可以查看其他栏目或返回 首页

Sorry，The current column has no content!

You can view other columns or return Home