Shandong: What's The Impact On Cotton Textile After The Typhoon?

Since August 10th, typhoon "Li Qi Ma" has been developing rapidly, which has caused some losses to some parts of China. However, the influence on the inland areas of Shandong is uneven. After the typhoon, what is the impact on cotton market and textile industry?

Cotton. It is understood that the typhoon arrived in Shandong inland after the momentum is not large, in addition to a short time of thunderstorm weather, the local continuous rainy weather, the extent of the disaster is limited. In some low-lying plots, there were more water in the cotton fields, and most of the plots did not cause waterlogging, and lodging was not serious. At present, the growth of cotton plants is 100-120 centimeters higher, and 4-6 peach / peach plants are drained at the bottom. However, due to the continuous rain and rainy weather, some flower factories stopped and stopped work. Because of the poor demand for lint cotton, the ginning factory continuously lowered the price of lint. The local three level lint factory price was 13500 yuan / ton (gross weight), which was 200 yuan / ton lower than last week.

Textile. Continuous rainfall has a great impact on some textile factories. Due to the low-lying workshop, some textile mills have been closed down. Some textile mills are worried about the bad weather, and for a short period of time due to safety concerns, most textile mills are operating normally. The downstream yarn market is relatively stable, of which 40 of the combs factory is quoted at 23000-23500 yuan / ton, combing compact spinning 60, the expense factory quoted 30000-30500 yuan / ton, and the market is still not improving this week, and the market is mainly based on order shipment.

Manufacturers reflect, compared to the "natural disaster", what is more worrying is the downstream product market. Because of the uncertainty of Sino US trade war, the textile's spring is hard to come. The futures yarn has been on the low side for a long time. On Wednesday, the futures yarn has rebounded low. The Zheng Sha CY2001 contract closed at 20660 yuan / ton, compared with the closing price of last Friday's 20345 yuan / ton rose by 315 yuan / ton, and the impact on the spot has not been obvious for the time being. Manufacturers expect the yarn market to come up as soon as possible.