Tongzhou Market Information Weekly Report, Week 3 of May 2020

I. Zhengmian
Bullish factors:
1. Historically low absolute prices.
2. Some European and American countries are resuming work.
3. Slight improvement in terminal consumption quarter-on-quarter.
4. Expected weather premium.
Bearish factors:
1. High inventory of downstream finished products needs time to resolve.
2. Domestic terminal clothing export orders have not yet resumed on a large scale.
3. High market circulation inventory, high warehouse receipts.
4. Polyester substitutes cotton consumption.
II. American Cotton
Bullish factors:
1. Some European and American countries are resuming work.
2. There is an expectation of reserve purchases for American cotton.
3. Expected reduction in future cotton planting area.
4. Expected weather premium, locust development, etc.
5. Macroeconomic easing boosts risk appetite.
Bearish factors:
1. Some cotton-consuming countries abroad are still in a state of production stagnation.
2. CCI reduces prices and releases reserves of 19-20 cotton.
3. Concerns about macroeconomic downturn and deflation.
III. Focus
1. Changes in the Sino-US trade situation.
2. Changes in the overseas epidemic situation.
3. Future planting area.
4. Locust progress and weather changes.
 

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Tongzhou Market Information Brief, Week 4 of May 2020

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Tongzhou Market Information Brief, Week 2 of May 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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