Cotton Prices Fell Faster, Textile Industry Increased Pressure

At present, the situation of epidemic prevention and control in China is generally stable, and the rate of resuming work, resuming production and resuming industry continues to improve, and the people's living order is steadily recovering. However, over the past few years, the spread of overseas epidemic has intensified, and the turmoil in the international financial market has intensified. In the past week, the international financial market has experienced a "record" week following the impact of the continuous spread of the new crown pneumonia epidemic on global economic activities. The domestic cotton industry is also undergoing a baptism. Zheng cotton futures market has fallen sharply. Domestic and foreign spreads have been over 800 yuan / ton for three consecutive days. At present, the cotton market is facing tremendous pressure. Textile enterprises have been purchasing raw materials in order to maintain production. But in the face of such a "falling" market, they also expressed their frustration.

Since March, under the situation of good epidemic prevention and control in China, textile enterprises have resumed production in succession, although some textile enterprises have sufficient stock of raw materials, but with the decline in market prices, production has begun, and timely procurement of raw materials. Some small and medium-sized textile enterprises have low inventory level of raw materials, and basically keep them for a week or so after purchasing. Affected by the epidemic, the futures market of zhengmian fell sharply in mid February, and the purchasing companies also made spot price transactions according to the appropriate price set by themselves. Especially after the continuous decline in mid March or even several limit plates, the number of customer purchase transactions increased slightly, and the actual transaction price was more than 12000 yuan / ton, but the world wind was unpredictable. Cloud change is too fast, in the face of the pressure brought by the sharp adjustment of the international financial market, the 23 day Zheng cotton futures market was directly on the limit, and the CF2005 contract was 10570 yuan / ton. Customers can not help but sigh: the high priced cotton has not yet arrived at the factory, and it has dropped nearly 2000 yuan / ton on the road. Of course, after the improvement of the epidemic prevention and control situation in China, the resumption of work and resumption of production and production and life resumed showed a very good momentum. Although the downstream market showed pessimism, the production should continue, and a series of financial policies and measures adopted by the government to support the resumption and resumption of production were escorted.