gamesandboxcrypto| U.S. cotton futures prices boosted: domestic cotton prices continued to rebound, with an increase of 0.32%

News summary

Newsletter text

International cotton prices jumpgamesandboxcrypto, the domestic market is rising simultaneously

ICE cotton futures benchmark contract rose sharply at the close last night, reaching 3.5%.gamesandboxcryptoThe.9% increase hit the daily limit, which has injected upward momentum into the domestic cotton market. Today, the domestic average price of 3128B grade lint has risen to 16101 yuan/ton, an increase of 51 yuan/ton from the previous day, showing a small increase of 0.32%. Despite this, demand for cotton in the downstream market has not yet fully recovered, and textile companies are currently facing processing losses, which may limit the trading activity of the cotton market and may put pressure on further increases in cotton prices. It is expected that in the short term, domestic cotton prices may have limited room for rebound.