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Currently, there is still not much new cotton available in the spot market, but a small number of quotes have emerged. For the 2024/25 season, the basis for hand-picked cotton from South Xinjiang and machine-picked cotton from North Xinjiang, 29mm and 29gpt, is currently at 800yuan/mt and above on Z
Before the National Day holiday, the price of seed cotton rose steadily, primarily based on the increase of ZCE cotton. Ginning factories in Xinjiang were cautious to purchase overall, aiming to hedge in real-time. Nevertheless, during the National Day period, ZCE cotton was not open for trading, ye
Before the holiday, the sentiment in crude oil market was relatively weak, mainly influenced by the expectation of weak demand and return of oil supply. From the current situation, OPEC+ is still planning to increase production starting in December. However, as the geopolitical tensions in the Middl
In Aug 2024, China's imports of blended cotton yarn totaled around 11.1kt, showing a slight decrease of about 500 tons compared to July. From January to August 2024, the cumulative import volume of blended cotton yarn has totaled 96.7kt, with around 86.55% imported from Vietnam. Overall, the import
