棉花市场：国内平稳运行，国际短期偏弱

Core Insights - The Ministry of Agriculture and Rural Affairs forecasts stable domestic cotton prices due to strong expectations of abundant harvests and a significant reduction in import volumes [1] - International cotton prices are expected to remain under pressure as major producing countries anticipate high yields, while global recovery remains weak and consumer demand has not shown significant improvement [1] Domestic Market Summary - Strong expectations for cotton production in the domestic market lead to a stable price outlook - The issuance of an additional 200,000 tons of cotton sliding tax quota is limited to processing trade, indicating that imports are not expected to surge in the near future - The textile sector is entering a peak season, contributing to the stability of domestic cotton prices [1] International Market Summary - The new cotton harvest in the Northern Hemisphere is expected to be abundant, which may exert downward pressure on international prices - Weak global economic recovery and lack of significant improvement in consumer demand suggest that international cotton prices will likely trend lower in the short term [1]