The Epidemic Continues To Curb The Urge To Raise Cotton Prices.
In March 5th, the US Dow Jones index fell again after a rebound of the day before yesterday. In the process of the upturn and down of the stock market, cotton futures can not advance at all. Driven by strong US export sales data, the impact of the new coronavirus on global rapid growth and its demand for cotton has been limited.
The new crown virus epidemic has changed the lives of people all over the world in many ways. Factory production is reduced, consumption activities are reduced, school closures, festivals, gatherings and performance activities are cancelled, and many other restrictions are strictly restricted. Although the "black swan incident" will slowly pass away, things will gradually improve, but everything will not return to the original appearance after the event.
Last week, US cotton exports exceeded expectations, and US cotton contracted volume and shipments reached a new high, and the number of purchases in China continued to increase, but ICE futures were flat. On that day, the US Dow Jones index fell 900 points again, but it still kept cotton slow. In the face of such a strong base, cotton is still so weak, which has increased the market's concern about the outbreak of the new crown virus pneumonia. At present, the virus has firmly controlled the market trend, even the biggest fundamental good will not help. If cotton prices want to rise, they will have to look at the "face" of the Dow. The US stock market must go up to boost market confidence.
Export sales report released on Thursday by the US Department of agriculture (USDA) showed that as of February 27th, the US 2019/2020 annual export sales of mainland cotton increased by 395 thousand and 500 packs, the highest in the market since the year, an increase of 84% over the previous week, an increase of 40% over the previous four weeks. During the week, the US 2020/2021 export volume of mainland cotton increased by 53 thousand and 200 packages. The United States exported 478 thousand and 200 packages of upland cotton, the highest in the market since the year, an increase of 48% over the previous week, but increased by 26% over the previous four weeks.
Ed Jernigan, chief executive officer of Jernigan Global, a cotton textile supply chain management company, said export trade in many different markets was very active due to price collapse. Demand has been good, supporting the market, but it is not yet clear how the virus spread to Italy and the United States and other places, will affect clothing sales and future needs.
The spring cotton sowing in 2020 will begin in a few weeks, but field operations in the southeastern United States are rather slow due to continuous heavy rainfall. Previous surveys show that the US cotton planting area has fallen before the outbreak of the virus. Today's bad weather makes the sowing prospect even more worrying.
- Related reading

Weaving Has Been Resumed And Polyester Production And Marketing Remain Stable (2020.03.05).
|
Will China Cotton Store Buy Xinjiang Cotton And Cotton Prices Will Continue To Rise? Yarn Prices Have Fallen, When Will Gold Three Come?
|
Acrylonitrile Has Reached A New Low Of 4 Years. Will Acrylic Fiber Fall? Sticky Short Prices Continue To Loose, Will It Fall Sharply?
|- Industry dialysis | Start Up Of The "14Th Five-Year" Development Plan For The Industrial Textiles Industry
- Industry Overview | After The Outbreak, At Least About 10000000000 Of The Global Textile And Garment Industry Was Gone.
- Bullshit | Air Jordan 1 "Purple Plus" Collocation Shoes Will Be Available Next Month, With White Purple Tones Appearing.
- Bullshit | The WTAPS 2020 Spring Summer Series Is Officially Released And The Streets Are Connected With Military Winds.
- Fashion Bulletin | Nike Air Force 1 Platinum Color Shoes Come, Hook Material Is Different.
- Management strategy | In 2019, Its Revenue Was Over 1 Billion 300 Million And Its Net Profit Fell By 49.08%.
- Fashion shoes | Technology Force Rampant PEAK Hydrogen Technology Running Shoes Ten Hours To Sell Ten Thousand Pairs
- Local hotspot | Shandong: Cotton And Yarn Prices Stagnated
- Fashion Bulletin | New Bai Lun Launched "Leftover Materials", The United States Produces 998 Shoes, Reducing Waste Resources.
- Local hotspot | Xinjiang Awati County: Poverty Alleviation Factory Resumption And Resumption Of Production
- Achievements In Customized Transformation Of Technology Enabled Garment Intelligent Factory
- Hebei Jizhou: Logistics Recovery Limited Seed Cotton Acquisition Stop
- The Market Is Not Getting Warmer. There Is A Lack Of Upward Momentum.
- The National Mask Production Capacity Has Reached 116 Million Daily Output, And The Market Is Still Tight.
- The Impact Of The Epidemic On The Clothing Home Textile Industry Will Exceed The "SARS" Period.
- It'S Hard To Get A Mask. The Resumed Businesses Are Going To Stop Working. Soaring Prices Of Upstream Materials
- How Do Garment Enterprises That Transform Their Masks To "Whole Body Retreat" After The Outbreak?
- Fixed Increase Fundraising 200 Million! Hongda High Tech In Haining 60 Mu To Upgrade The Transformation Of High-Grade Warp Knitted Fabric Technology
- RHUDE X Puma Joint Shoe Series Tomorrow, Racing Inspiration
- The Chinese Top 500, 770 Thousand, Bought A Full-Automatic Production Line For Masks, 100 Thousand Pieces Per Day.