During the May 1 period, President Trump and Secretary of State Condoleezza Pao repeatedly denouncing China, causing the market to worry about Sino US relations. Most commodities fell on the first day of the opening season. Yesterday, Reuters announced that the US Department of commerce is about to sign a new rule to allow American companies and HUAWEI to participate in the formulation of 5G network standards. This positive move has conveys a positive signal to the market for the easing of Sino US relations. On the morning of May 8th, the CPC Central Committee Political Bureau member, the vice premier of the State Council, and the Chinese leader of the Sino US comprehensive economic dialogue, Liu He, spoke with the US trade representative, Mr. lettse, and finance minister Mnuchin. The two sides said they should strengthen cooperation in macroeconomic and public health, and strive to create favorable atmosphere and conditions for the implementation of the first stage economic and trade agreement between China and the United States, and promote positive results. The two sides agreed to maintain communication and coordination.

Thanks to the positive stimulation of Sino US trade, the Zhengzhou cotton futures market has been booming all over the world yesterday and two. The cotton price index (CC Index3128B) is 11463 yuan / ton today, rising 76 yuan / ton from yesterday, but still lower than the last trading day of 38 yuan / ton before the holiday.

Recently, the "transfer of goods" in Zhengzhou cotton market has aroused heated debate in the market. At present, all provinces in China have been reduced to low risk areas of epidemic situation. Although the consumption of global cotton consumption has been greatly reduced, the strategic huff and puff of China may effectively reduce the risk of this event to the market, thus playing a supporting role in the various links of the cotton industry chain.

On the other hand, a survey of downstream textile enterprises entered into the May. New orders increased, but not enough, and summer cotton bleached or near bleached short sleeved shirts. The consumption of spinning and clothing remains to be stimulated and revived.