20250918-国泰期货-棉花_市场关注新棉上市情况_3页_589kb

Cotton Market Summary

Fundamental Data

• Spot prices are tracking new cotton supply, with leading prices at 49,560 yuan/ton for domestic varieties and 54.56 cents/lb for ICE futures. Volume levels are moderate, with slight changes in open interest.
• Inventory data shows no significant shifts, while basis deals vary by region.

Macro and Industry News

• Domestic cotton sales are slow, as the market anticipates new harvest impacts. Spinning demand remains weak, with potential price pressure reducing profit margins.
• International ICE (Cotton) futures showed volatility, declining after gains amid uncertainty on Fed interest rates, with no strong directional bias this session.

Trend Strength

• The trend strength is rated low (48), indicating a bearish view, due to current fundamentals and macro concerns.