Sino US Trade And Cotton Textile Market Observation (7.10-7.16)

From July 10 to 16, the spot market price of cotton and cotton yarn at home and abroad maintained the level in the middle and late period of last week, and the operation of domestic cotton textile market showed a gradual easing trend. At the same time, 2020 Shenzhen Dawan District international textile yarn Expo will be held this week, which is conducive to promoting industrial exchanges, driving product innovation and seeking new development ideas.

Key news review

On July 13, a foreign ministry spokesman said at a regular press conference that on July 9, the U.S. State Department and the Ministry of Finance separately announced that sanctions would be imposed on a Xinjiang government agency and four officials in accordance with us domestic law. In response, the Chinese side said that it would take reciprocal measures against relevant U.S. institutions and individuals who have behaved badly on the Xinjiang related issues.

According to the statistical news of the General Administration of Customs on July 14, in the first half of this year, China's textile and garment exports totaled US $125.19 billion, a year-on-year increase of 3.16% (in RMB terms, a year-on-year increase of 6.75%), and the overall export of the industry recovered to positive growth. Among them, textile exports from January to June totaled 74.103 billion U.S. dollars, a year-on-year increase of 27.81% (in terms of RMB, a year-on-year increase of 32.37%); clothing exports totaled $51.08 billion, a year-on-year decrease of 19.39% (in terms of RMB, a year-on-year decrease of 16.67%).

From July 15 to 17, 2020 Dawan District international textile yarn Expo was held in hall 10 of Shenzhen International Convention and Exhibition Center. As the first international yarn exhibition in 2020, the exhibition area is about 10000 square meters, and there are 125 exhibitors. It is divided into six regions: popular cotton spinning, functional chemical fiber, creative fancy yarn, luxury cashmere yarn, quality wool yarn and green linen yarn. A large number of cotton textile enterprises appear at the exhibition.

Market price dynamics

From July 10 to 16, the market price first rose and then decreased. In the futures market, the settlement price of Zhengzhou cotton main contract (CF2009) on July 16 was 12015 yuan / ton, which was 25 yuan / ton lower than last Thursday's settlement price; in terms of American Cotton Futures (ice2012), the settlement price on July 15 was 62.13 cents / pound, little change from last week; the settlement price of Zhengzhou cotton yarn main contract (cy2009) on July 16 was 19355 yuan / ton, down 85 yuan / ton compared with the same period last year. From the domestic spot market, on July 16, the domestic price index of 3128b cotton was 12350 yuan / ton, and the price index of 32 pure cotton carding yarn was 18570 yuan / ton, with little change.