Sino US Trade And Cotton Textile Market Observation (5.29-6.4)
Recent news
According to the latest customs data, in the first four months of 2020, China's exports of cotton textiles and clothing amounted to US $15 billion 870 million, down 29.8% from the same period last year, of which US $1 billion 850 million was exported to the US, down 44.6% compared with the same period last year. In the first four months, China's imports of cotton textiles and clothing amounted to US $2 billion 690 million, down 20.4% from the same period last year, and imports from the United States to US $15 million 820 thousand, down 45.4% compared to the same period last year.
Recently, some cotton textile enterprises in China have increased their enquiries for imported cotton, and enterprises have proposed to cut down import tariffs on cotton so as to lighten their business burden. As an important source of cotton market in China, the United States will increase its purchasing intention by excluding tariffs.
Cotton textile market
This week, the spot price of cotton at home and abroad continued to grow slightly, and the spot price of cotton yarn was stable. On the 4 day, the settlement price of Zheng cotton's main contract was 11760 yuan / ton, down 35 yuan / ton compared with the same period last week. On the same day, the settlement price of cotton yarn main contract was 19385 yuan / ton, a slight increase over the same period last week; on the 3 day, the US cotton futures contract settlement price was 60.48 cents / pound, and the price stabilized this week. On the spot, 4, cotton 3128B cotton price index 12160 yuan / ton, compared with the same period last week price increase of 110 yuan / ton, the same day C32S yarn price index is 18700 yuan / ton, this week the price is stable.
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