Sino US Trade And Cotton Textile Market Observation (8.19-8.23)
This week, there was no substantial progress in Sino US trade negotiations. The market is still accepting and digesting the impact of the "300 billion tax increase" in the early days.
From the customs data, it has clearly reflected the rapid cooling of Sino US trade relations. In 1-6 months, China imported 1 million 177 thousand tons of cotton, an increase of 73.4% over the same period last year. Brazil has been the largest importer of cotton in China since it imposed tariffs on cotton and cotton in the United States. In the first half of this year, China imported 296 thousand tons of Brazil cotton, an increase of 916.3% over the same period last year. China imported 200 thousand tons of Australian cotton, an increase of 296.7% over the same period last year, while the import of American cotton 242 thousand tons, down 41% over the same period last year. In terms of cotton textiles, China imported 1 million 30 thousand tons of cotton yarn in the first half of this year, an increase of 1% over the same period last year, and the growth rate slowed down. The import of cotton fabrics was 150 million meters, down 20.9% compared with the same period last year. In the first half of this year, China exported 211 thousand tons of cotton yarn, down 3.2% from the same period last year, and exported 4 billion 30 million cotton fabrics, down 7.3% from the same period last year.
From the market price data, the domestic cotton textile market remains weak. Futures index shows that the domestic cotton main contract (CF2001) continued downward this week. The settlement price of the 2001 contract in August 23rd was 12755 yuan / ton, a decrease of about 75 yuan / ton compared with the same period last week, and the decrease was narrowed. In the US cotton futures (ICE1912), the settlement price in August 22nd was 58.94 cents / lb, a slight decrease compared with the same period last week. Zhengzhou cotton yarn main contract (CY2001) continued downward, the settlement price in August 23rd was 20470 yuan / ton, the downward speed slowed down. From the spot market, the International Advisory Committee on Cotton (ICAC) report August predicted that global cotton production increased by 6% in 2019/2020. The August report of the US Department of agriculture (USDA) predicted that the global cotton consumption in 2019/2020 will be substantially reduced and the end inventory will be raised. The price of domestic cotton and some cotton yarn has not been improved. In August 23rd, the domestic 3128B cotton price index was 12925 yuan / ton, and the 32 cotton combed yarn price index (CY C32S) of pure cotton was 21510 yuan / ton.
- Related reading
The 7 Standards Of "Testing And Evaluation Of Thermal Insulation Properties Of Textiles" Are Approved.
|Shenzhen Textile A (000045): 20 Million Idle Capital Raising Subscription Annual Expected Yield 1.15%-3.60%
|38 Textile And Garment Enterprises Ranked 2019, And 500 Of China's Private Enterprises.
|- Fashion shoes | Nike Air Max 90 Shoes For The First Year, Infrared Color Matching Is About To Be Re Engraving, High Popularity.
- Fashion posters | Nike React Element 55 Shoes, Black And Gray Color Matching, Reflective Matching
- Fashion blog | Nike Joyride Optik New Color Coming Soon.
- quotations analysis | At The End Of August, Textile Market Improved, But Profit Margins Were Slight.
- Popular color | Fashion Color Preview September 2019 Color Trend Analysis Report
- Show show | Guangdong Fashion Week Day2 Led By Wen Wen Po, Hundreds Of Show Plans.
- Fashion posters | Simple And Plain Low-Key Bride Tadashi Shoji 2019 Wedding Dress Series
- Fashion Bulletin | The New 996 Products Are Made Of Red And Black Versions, Showing The Old Details.
- DIY life | DESCENDANT 2019 Autumn Winter Series Is Formally Mounted, Feeling "Xishan Mountain Style".
- Fashion blog | New Necktie Sewing Gold Suit Jacket Released
- The 7 Standards Of "Testing And Evaluation Of Thermal Insulation Properties Of Textiles" Are Approved.
- Shenzhen Textile A (000045): 20 Million Idle Capital Raising Subscription Annual Expected Yield 1.15%-3.60%
- Influence Of Ring Traveller On Yarn Hairiness
- 38 Textile And Garment Enterprises Ranked 2019, And 500 Of China's Private Enterprises.
- Testing And Evaluation Of "Three Defense" Functions Of Textiles
- The United States Announced Tariffs On China's $550 Billion Commodity. The Chinese Side Responded Strongly: It Will Take Its Own Course.
- China Responded To US Tariffs On US $550 Billion
- Fan X Off The Hook New Joint "Chez Nous" Shoes Series On Sale
- MM6 Maison Margiela 2019 Autumn Winter New Daddy Shoes Debut
- Nike Cortez Snake Pattern Sports Shoes Show Wild Charm.