Yesterday, a piece of news “Announcement of the Tariff Commission of the State Council on the Fourth Exclusion and Extension List of Tariff Products from the United States and Canada” spread quickly in the Cotton City WeChat circle, attracting great attention from the market. Since the signing of the first phase of the China-U.S. trade agreement, the two countries have continuously adopted measures to exclude or extend the exclusion list in batches on goods subject to additional tariffs to achieve the goal of reaching an agreement. Especially after the high tariffs on U.S. cotton are eliminated, it will bring great benefits to some domestic enterprises that directly need raw materials. Will this exclusion announcement have a greater impact on the cotton textile market again?
After comparing the announcement list, the author found that cotton products and cotton raw materials were not clearly involved in the exclusion and extension list. But it only involves the three “25g < per square meter < 70g other chemical fiber filament non-woven fabrics, 70g < per square meter < 150g impregnated chemical fiber filament non-woven fabrics, 70g < per square meter < 150g other chemical fiber filament non-woven fabrics" Tariff number products. Therefore, it has not had a substantial impact on the cotton textile market.
Currently, China continues to implement the Sino-US trade agreement as promised and purchases large amounts of agricultural products such as US soybeans, corn, and cotton. Domestic US cotton already accounts for half of the total imported cotton inventory. Domestic cotton raw material stocks are relatively abundant, and the market is paying more attention to changes in China’s textile and apparel exports. Especially in the second quarter, the domestic cotton textile market has gradually entered the off-season, and export orders are particularly important.
Furthermore, Zheng cotton has recently rebounded from highs and spot purchases and sales have been cold. In the absence of long and short incentives, upstream and downstream cotton-related companies may continue to maintain a wait-and-see mentality. Previously, foreign media reported that the United States expressed its willingness to continue communication and dialogue with China, which may provide opportunities for subsequent enhancement of trade exchanges between the two countries. However, the two sides compete in many aspects. How to seek common ground while reserving differences and carrying out cooperation is still a concern of the market. the key of. </p
