棉花：9月19日偏弱运行，短期或震荡走低

Core Viewpoint - Recent macro policy changes need attention, and short-term cotton prices may experience weak fluctuations due to the impact of a rising dollar and a sluggish grain market [1] Group 1: Market Conditions - As of September 19, ICE cotton is operating weakly, influenced by the rise of the dollar and poor performance in the grain market [1] - Export reports indicate that the export situation for cotton is average, suggesting limited demand [1] Group 2: Domestic Production and Supply - In Xinjiang, there have been sporadic cotton picking activities, with expectations for machine harvesting in southern Xinjiang by the end of September [1] - The recovery of downstream textile enterprises is slow, indicating potential supply chain challenges [1] Group 3: Future Outlook - The market is advised to closely monitor macro policy changes, as these could significantly impact cotton prices in the short term [1]