120d/2 100% Viscose Rayon Embroidery Thread

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Zheng cotton in February 28 after the stop, this week began to continue to rebound, the market seems to usher in the dawn. In fact, under the detailed analysis, the crisis of cotton market has not been resolved. Many people in the industry even think that this time Zheng cotton rebound or "drinking poison to quench thirst".

What is the reason for last week's fall of Zheng Mian? The root cause is the global spread of the epidemic. More than 60 countries and regions such as South Korea, Japan, Europe and the United States have confirmed cases, and who has shifted the global risk level from "high" to "very high". As a result, the global stock market "waterfall", Zheng Mian was dragged into the deep fall track.

So why did Zheng Mian stop falling and rebound this week? In fact, there are many reasons, such as "the normal rebound after a deep fall" and so on. But the author analyzes that the main reason is also from the rescue behavior of various countries. For example, on Tuesday (March 3), the Federal Reserve announced an emergency interest rate cut of 50 points to curb the economic losses caused by public health emergencies, the first emergency interest rate cut since the 2008 financial crisis, the largest in more than a decade. It is expected that central banks around the world will also join in the easing camp, with gold prices soaring by more than 3% and bullies rising again.

One disorder, one governance, resulting in domestic and foreign cotton market fluctuations. However, if the epidemic does not go, there is no way out for cotton, which is also a consensus.

Judging from the novel coronavirus pneumonia transmission rule, the global epidemic spread is still in the early stage of transmission. According to experts, there is no definite timetable for complete control.

Therefore, a basic judgment of the market for the first half of this year is:

1、 Global consumption may enter the era of great depression. At present, there is no vaccine, specific medicine or standard treatment plan for the epidemic. The only way is not to gather, go out less, block the transmission channel, or even lie at home to sleep, which is to contribute to the society. Influenced by the novel coronavirus pneumonia, many recently held international famous textile industry exhibitions have been postponed or cancelled. For example, the original schedule of international textile and Garment Machinery Exhibition 2020 in Jakarta, Indonesia was extended from April 27-30 to July 14-17; the original schedule of Colombo textile and fabric exhibition in Sri Lanka was extended from March 5-7 to June 11-13

A large number of stores, exhibition halls, supermarkets and shopping malls have closed or are about to close. An epidemic will hit the global economy, and global consumption will enter a great downturn era.

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