Us Shares Fuse Again, Cotton And Cotton Yarn Usher In Dark Ages

These days, bad news keeps on. At half past nine last night, the US Standard & Poor's 500 index opened down 220.60 points, or 8.14% points, at 2490.47 points. The NASDAQ index dropped 482.20 points, or 6.12% points, and reported 7392.73 points. The Dow Jones index dropped 2250.50 points, 9.71% points, and 20935.16 points. After the melting of American stocks, Trump sent a push to say, "God bless America!"

Just over half of March, the US stock was the three time to fuse. In the global outbreak of the new crown virus pneumonia, the US stock market is expected to boom and fall.

So how do we run cotton and yarns? Like everyone else's idea, the new crown is in a global fashion and will open a dark cotton era.

In past years, every year in 3 and April is the peak season for consumption in spring and summer. The market has the saying "gold three silver four". In March this year, most of them passed, but there was no sign of "gold three". On the contrary, most feedback messages are bad. From the beginning of this month, many of the owners of the weaving factory shouted that they could not even get the overseas orders, or even the overseas orders signed many years ago were cancelled or reduced. On the 17 day, a cloth dealer owner in Yancheng, Jiangsu revealed that the order of 2 million 800 thousand meters with South Korea was reduced to less than 500 thousand meters by the epidemic.

Moreover, domestic orders have also shrunk. Some factories and factories in small and medium-sized factories have not had new orders for many days. A textile factory owner reluctantly indicated that if the new single could not be found in the near future, the enterprise had just resumed work and had to close down. This year, there is no hope for this year's market.

Some experts predict that due to the epidemic in the global pandemic, the health care system in many countries has been unbearable. Even the old developed countries in Britain should be allowed to serve as a way to prevent the spread of national collective immunity. Although the United States has declared a state of emergency, it is reported that the United States will miss the best defensive stage at an early date, and only about 60000000 of the population in Italy is palpable. There are nearly 30 thousand cases.

The eggs are laid down when they are laid.

Even a lot of trading enterprises are pessimistic that the impact of foreign trade in 2020 will be disastrous. Moreover, the economic crisis caused by the global bio health crisis, and then the financial crisis, will usher in the global depression. This is already a big probability event.

From the reflection of the stock market, everyone's psychology is very pessimistic. In response to the big stock market volatility, the Fed even cut interest rates and QE to deal with it.

From this point of view, the epidemic will not cool down and the economy will be difficult to heat up.

These days, domestic cotton and yarn are falling. Besides the downstream orders, the root cause is still the global epidemic.

When it is dark, enterprises must go forward with candlelight. Whether we can go through the darkness and usher in the bright light, let us wait and see.