Can You Believe It? The Sino US Negotiation Is Going Well. Is The Spring Of Textile Market Coming?

Latest news on Sino US trade negotiations

US Treasury Secretary Nouchine said on 23 October 7th that trade talks with China will be held in Washington. He said earlier at the UN General Assembly that he expected to have a dialogue with the Chinese side, but later corrected the date of negotiations.

He also pointed out that American farmers are important in trade negotiations with China, but the most important issue is intellectual property rights.

Us and Chinese trade officials met last week in the United States. China's commitment to buy more U.S. agricultural products will be a key to negotiations.

Nouchine pointed out that China has begun to buy US agricultural products again, which is good news.

However, after the end of the US and Chinese ministerial level talks, the Chinese side suddenly cancelled the visit to the US agricultural state and questioned the outside world about the failure of the trade talks. The US Treasury Secretary Nouchine said 23 days that the US side asked the Chinese trade delegation to postpone visiting the US agricultural state. But President Trump was obviously unaware and asked Nouchine: why?

Trump arranged a number of bilateral meetings during the UN General Assembly meeting in New York. On the 23 day, when he met with Egyptian President Cecilia, he was asked about the US China trade negotiation process. Trump said that everything was going well and was in talks with the Chinese side. When asked about China's postponed visit to the US agricultural area, Trump said only that the Chinese side began to buy a lot of US agricultural products, and then asked him to respond. Nouchine said, they postponed this plan, in fact, is our request.

We do not want any confusion. They have begun to buy agricultural products, and they will re arrange the time to visit farms.

Then Trump asked, "Why are we asking this out of curiosity?" He explained that he did not want to be confused on trade issues. Trump responded, yes! But I want them to buy farm produce.

In addition, the New York Times quoted two people familiar with the matter as saying that the plan of Chinese agricultural officials to visit the agricultural area of Montana and Nebraska was not cancelled because of the new difficulties in the negotiations, but because it was concerned that there would be misunderstandings that China tried to intervene in the domestic politics of the United States.

It can be seen that the current Sino US trade negotiations are proceeding in an orderly way. From the attitude of the US side, we can see that we are very concerned about the relevant practices of China's purchase of agricultural products. As for the development prospects of Sino US trade, spun friends have something to say:

First of all, mutually beneficial cooperation is the only option.

Second, open convergence is the right direction.

Third, conflict confrontation has no way out.

Fourth, sharing responsibility is the trend of history.

So what is the performance of the textile industry?

"Kim Gu" is coming to an end. In the face of the current resumption of Sino US trade negotiations and the recent macroeconomic policy support, the textile companies are still less than expected in the past years.

Although there is a slight reduction in the stock market, the market is expected to have good mood because of the low price, but the market is not improving.

The downstream demand is slack, and orders are shrunk.

At present, the sales of grey fabric market is not improving, the whole is relatively flat. In August, the ratio of pure cotton cloth decreased by 1.61%, the cotton blended fabric ratio decreased by 3.13%, the purified fabric decreased by 4.81%, the overall order decreased, the price of raw materials for chemical fiber yarn increased in September, and the winter orders such as sweater and windbreaker were increased. The market bought and sold, but the market orders improved. However, the feedback from some factories was down by 4-5 compared with the previous years, and the peak season was obviously shrinking.

Yarn production is low, peak season continues low.

The sales situation of the downstream fabric manufacturers decreased substantially compared with the previous years, and the inventory backlog and purchase intention declined. In July, the macroeconomic information was good, and the downstream orders increased, which promoted a wave of goods. Later, macro news was changeable, increased the uncertainty of the news, and the market was gradually desensitized. The market was affected by the fluctuation of raw materials and downstream demand. In recent combing 32S, 40S series and air spinning low count yarn delivery situation, there is still a row production situation, other yarn transactions are relatively light.

Let profits sell, push goods away, market quotation confusion.

At present, the price of the C40S is quoted at 21800-23200 yuan / ton, the quoted price of pure cotton 32S is 20800-22800 yuan / ton, the price of the combed ring spinning C32S is 23000-25000 yuan / ton, and the air spinning 21S is quoted at 15800-16200 yuan / ton.

The quotation of yarn has continued to be weak in recent years. The market is very light. In order to maintain the old customers, the textile enterprises are still stabilizing their prices in the controllable range of raw materials prices. Some of the textile enterprises are still affected by the backlog of inventory and continue to sell their stocks to the inventory mode. Part of the textile enterprises to improve the goods, mainly because of the strong source of old customers. The imported yarn feedback has been on the edge of losing money recently, but the recent quotation is mainly based on weak stability.

To sum up, the current textile market quotation is mainly based on stabilization. Recently, individual yarn exchanges have improved, but the overall market outlook is not high enough for the future market, the market is oversupply, the quoted price is weak, the textile enterprises limit production and quantity to recoup the funds to maintain the production of enterprises, the spinning enterprises are still focusing on order production recently, and the market wait-and-see mentality is the majority.