Cotton Price Low Is Still Refreshing, 3.20% Lower Than That At The End Of Last Four Years

On the macro level, on March 23, the president of the International Monetary Fund (IMF) Georgieva predicted that the global economy would fall into negative growth in 2020, and the degree of recession would be at least equal to or even more serious than that of the financial crisis in 2008, with recovery expected in 2021. The crisis of textile supply chain has developed to a global scale, and the price of outer yarn has dropped, indicating that it is difficult to digest the inventory. On the other hand, the protection measures of many countries have been upgraded. As a domestic textile factory, it is worried that the government may require the enterprises to close down and stop production. The shutdown will be a fatal blow to the local textile industry, and the orders will be forced to be broken.