The Best Quality 210D / 9 Nylon Fishing Net Cable Composed Of 1 / 2LB / Spool

(I) Domestic cotton prices have fallen. In early February, with the increase in the reserve cotton wheel input, the pressure of oversupply over demand eased, market confidence boosted, and the cotton price amplitude narrowed. Beginning in the latter half of the year, textile companies resumed work one after another, but the operating rate of small and medium-sized enterprises is generally insufficient, and raw materials are mainly digested inventories, and replenishment is light. With the new crown pneumonia epidemic in major textile and apparel importing countries such as the United States, Italy, Japan, and South Korea, domestic market concerns about future demand recovery have intensified again, and cotton prices have continued to fall. In February, the average monthly price of domestic 3128B cotton was 13,418 yuan per ton, down 3.0% month-on-month and down 13.4% year-on-year. Zheng cotton futures main contract (CF005) settlement price of 12,989 yuan per ton, down 3.9% month-on-month and down 14.7% year-on-year.

(2) International cotton prices have fallen. Concerned about the slowdown in global economic growth and weak downstream demand, cotton futures prices have fallen sharply, and spot prices have followed the downward trend in futures prices. In February, the average monthly price of the Cotlook A Index (equivalent to domestic 3128B cotton) was 76.60 cents per pound, down 3.1% month-on-month and 5.6% year-on-year.

(3) The spread between domestic and foreign countries has widened. The Cotlook A Index (equivalent to domestic 3128B cotton) is equivalent to RMB 12,790 per ton, which is 609 yuan lower per ton than the China Cotton Price Index (CCIndex) 3128B, and the spread is narrower by 1022 yuan than last month. The average monthly price of the imported Cotton Index (FC Index) M grade (equivalent to domestic 3128B grade cotton) is 77.90 cents per pound, and the 1% tariff is reduced to 13217 yuan per ton after tax, which is 182 yuan lower than the domestic price. Compared with the previous month, it increased by 157 yuan; the sliding tax rate was reduced to 14,466 yuan per ton after the tax, which was 1067 yuan higher than the domestic price, and the spread increased by 68 yuan from the previous month.

(4) Weak yarn demand and relatively stable prices. At present, most of the textile companies that resumed production and resumed production mainly completed orders before the Spring Festival, and there were fewer new orders after the year, and a small amount of cotton yarn was sold, and the offer was relatively stable. The China Cotton Industry Inventory Survey Report released by the national cotton market monitoring system shows that in February, the company's yarn production and sales rate was 73.0%, a month-on-month decrease of 25.6 percentage points and a year-on-year decrease of 18.6 percentage points; the cloth production and sales rate was 63.3%, a month-on-month decrease of 31.4 Percentage points, a year-on-year decrease of 32.6 percentage points. The average price of the 32 representative cotton carded yarns was 20,470 yuan per ton, which was flat month-on-month and down 10.9% year-on-year.

(5) ICAC increases global cotton imports in 2019/20. The International Cotton Advisory Committee (ICAC) forecast in February that global cotton imports in 2019/20 are expected to increase by 2% to 9.4 million tons due to reduced cotton production in Pakistan and Turkey, major consumer countries. Global cotton production in 2019/20 was 25.9 million tons, and consumption was 26.2 million tons. Due to insufficient production, global ending stocks were reduced to 18 million tons, and inventories outside China increased to 9.6 million tons.

(6) It is expected that domestic and foreign cotton prices will remain weak in the short term. In the domestic market, the resumption rate of downstream textile companies has picked up, but new orders have been insufficient, the export of textiles and clothing has slowed down, and cotton consumption will also decline. It is expected that short-term market prices will remain low. In the international market, the global economic recovery is under pressure, and market confidence is weakening. It is expected that short-term international cotton prices will continue to remain weak and volatile.

Hot Tags: the best quality 210d / 9 nylon fishing net cable composed of 1 / 2lb / spool, China, manufacturers, suppliers, factory, 150g 500g fishing twine, 150g 500g polyester 210D fishing twine, 210D nylon yarn for fishing twine, 210D nylon fishing twine yarn, 1 2LB 210D fishing twine, 1 2LB 210D fishing twine yarn