Group 1: Futures Market - On December 10, ICE cotton futures rose, supported by technical buying, with the most active March cotton futures contract increasing by 0.26 cents or 0.41%, settling at 64.12 cents per pound [1] - The USDA's December supply and demand report indicated a 1% increase in U.S. cotton production to 14.3 million bales, due to upward adjustments in production estimates for the southeastern U.S. and Delta regions [1] - Global cotton production for the 2025/26 season is estimated at 119.79 million bales, slightly down from the previous estimate of 120.08 million bales [1] Group 2: Market Conditions - The ICE deliverable 2 cotton contract inventory remained stable at 13,971 bales as of December 9 [3] - The Cotlook A Index on December 10 was reported at 73.95 cents per pound, an increase of 25 points [4] - The Federal Reserve's recent interest rate cut is expected to support consumer spending, which may boost demand for cotton and textile products [2]
期棉收高 受助于技术性买盘
Xin Lang Cai Jing·2025-12-11 01:50