Group 1 - The core viewpoint of the article indicates a decline in cotton futures prices, with the domestic and international market showing mixed signals and a lack of clear direction [1] - As of Friday's close, cotton futures for the 2509 contract were reported at 14,170 yuan/ton, down 100 yuan/ton, a decrease of 0.70% [1] - The weighted average price of cotton in the domestic market was 15,549 yuan/ton, reflecting an increase of 41 yuan/ton [1] Group 2 - Internationally, the USDA reported a significant drop in weekly cancellations of U.S. cotton contracts for the 2024/25 season, totaling 0.74 million tons, which is a substantial decrease compared to previous weeks [1] - The export volume of cotton products from China for June 2025 was 628,400 tons, a year-on-year increase of 2.46%, but a month-on-month decrease of 4.28% [1] - The market analysis suggests that the global cotton supply for the 2025/26 season is expected to be loose due to increased production in Brazil and China, despite a tight domestic inventory situation [1]
棉花2509合约：期价下跌，国内外市场供需有别
Sou Hu Cai Jing·2025-07-27 13:43