Zheng Cotton Prices Stop Or Complete Bottoming Textile Enterprises Should Not Overlook Cotton Prices.

Recently, in the Chinese cotton net reporter's investigation of Jiangsu textile enterprises, new changes have taken place in the market. The price of zhengmian has stopped temporarily. It seems to have completed the bottoming. The turnover rate of the reserve cotton wheel has not picked up and remains low.

By visiting the textile monitoring station of the national cotton market monitoring system, the reporters found that due to the different regional patterns, the products in Jiangsu area are relatively different, and the market capacity of the whole market is stronger. The operating rate of the surveyed enterprises basically remained at 100%. Under the background of the increase of cotton yarn inventory, individual enterprises even remained at about 80% even in order to reduce inventory and protect cash flow. The stabilization of cotton prices will help to enhance enterprise confidence.

In the case of Sino US trade negotiations unclear, Jiangsu textile enterprises' confidence in the future market is unexpected. Textile enterprises in Yancheng and Taizhou indicated that the lowest price of Zheng cotton fell to 12075 yuan / ton, which was repeatedly low, and the order was also affected. However, cotton prices continued to have limited downside space, so they could not overlook the market. Especially when the world's major powers open a new round of interest rate cuts, they can not easily see cotton prices.

According to the latest customs data, enterprises are confident and well founded. When the US market is blocked, trade between Europe, Japan and Central Asia will start well.

The latest customs data show that in the first 7 months of this year, the total value of imports and exports of China's goods trade was 17 trillion and 410 billion yuan, an increase of 4.2% over the same period last year (the same below). Among them, the growth of import and export in major markets such as the European Union, ASEAN and Japan is higher than that of the whole country. In the first 7 months, the EU is China's largest trading partner, with a total trade value of 2 trillion and 720 billion yuan, an increase of 10.8%, accounting for 15.6% of our total foreign trade.

Taizhou's respondents believe that although the confidence of the future market, but the market situation has not yet improved significantly, cotton prices temporarily stabilized, but the probability of a sharp rebound. At present, the domestic cotton spinning capacity is too big to be true. There is a certain relationship between the weak market and the rapid development from 2016 to 2018. The healthy operation of the future industry needs the survival of the fittest.