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Cotton stocks in main ports may bottom out before and after the Spring Festival
Judging from feedback from cotton trading companies in Qingdao, Zhangjiagang, Shanghai and other places, bonded and non-bonded cotton stocks at ports continued to decline in Novemb…
In the game of long and short factors, Zheng Mian reappears the trend of stabilization and shock
Recently, Zheng cotton futures prices have once again shown a tendency to stabilize and fluctuate after bottoming out. This may be related to the recovery of market mentality after…
Panic leads to long road to recovery for cotton prices
On December 3, ICE cotton futures moved higher driven by speculative buying and bargain hunting. Over the past week, the new coronavirus mutant strain “Omicron” has sho…
Cotton yarn prices at home and abroad fell, and polyester staple fiber prices continued their decline.
Last week, the “Omicron” mutant strain further aroused market concerns, coupled with sluggish downstream demand, it also had a certain impact on products in the textile…
In the short term, PTA prices may fluctuate between 4,500-4,800 yuan/ton.
The PTA market in 2021 is in a “thriving” situation overall compared with 2020, with the highest price exceeding 5,500 yuan/ton. However, by mid-November, as internatio…
API crude oil inventories decreased by 3.089 million barrels, international oil prices rose more than 3%
U.S. API crude oil inventories decreased by 3.089 million barrels in the week to December 3. The latest short-term energy outlook report released by EIA shows that global crude oil…
The positive effect of RRR reduction on my country’s cotton textile industry
In order to support the development of the real economy and promote the stabilization and decline of comprehensive financing costs, the People’s Bank of China decided to lowe…
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Cotton may not have the conditions for major adjustments
Recently, the central bank officially announced that it will lower the deposit reserve ratio of financial institutions by 0.5 percentage points on December 15, 2021. The sluggish f…
The external market rebounded and cotton prices began to recover
On December 6, ICE cotton futures rose sharply, driven by the Dow Jones Industrial Average. Recent news about Omicron states that the mutated strain has not spread widely in Africa…
What impact will the central bank’s RRR cut have on ICE’s market?
On December 6, ICE cotton futures rebounded sharply, with the main contract instantly rising to 107 cents/pound, and the sentiment of bulls and funds recovered. As for the reason w…