Hebei: After The Collapse Of Zheng Cotton, The Market Is Pessimistic.

Last Friday (28), the impact of the epidemic in the global belt spread, the international stock market plummeted, Zheng cotton also fell sharply and dropped, causing a pessimistic market.

By the end of March 2nd, most of the mills, printing and dyeing mills and weaving factories in Shijiazhuang, Gaoyang and Tangshan had resumed work in Hebei. However, due to the difficulty of returning workers to other fields and the lack of orders, the capacity recovery of the enterprises was relatively slow. At present, the capacity recovery is around 30%, or 50%.

Just as all enterprises stepped up their capacity to resume production and planned to produce at full capacity, Zheng cotton suddenly collapsed and businesses were hit hard. In March 2nd, the head of a 400 type cotton ginning mill in Cangzhou said that a more than 70 ton of lint purchase and sale contract had been discussed with a textile mill in Shandong last Thursday (27). The sale price of lint cotton was 13300 yuan / ton (gross weight and carrying a ticket), and it had not yet been actually concluded, and it received the notice of breach of contract in the textile mill.

Zheng cotton fell to the sale of lint spot pressure. On the 2 day, a trader in Hengshui directly lowered the price by 200 yuan / ton. The "double 28" Xinjiang hand picking cotton factory quoted price was 13500 yuan / ton (public weight and ticket), and the "double 29" hand picked cotton weight was quoted at 13700-13800 yuan / ton.

Many heads of enterprises are generally concerned about the development of the epidemic, especially in the global scale, and are expected to bring incalculable losses to the economic and social development in 2020. As the main growth point of foreign trade as textiles and clothing, China's textile industry will also suffer a major blow if the outbreak is widespread in the world.

Therefore, in recent days, many textile mills are also pessimistic about yarn, and some enterprises have even cut down some yarn quotations.

How long will the market shock caused by the epidemic spread around the world? How will the cotton and yarn market go? It depends on the epidemic situation in the future.