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Group 1 - The domestic cotton market experienced fluctuations in November, characterized by a decline followed by a rebound, with domestic prices showing strength while international prices remained weak [1][2] - The China Cotton Price Index decreased from 14,859 CNY/ton to a low of 14,779 CNY/ton in early November, before rebounding to a month-end high of 14,896 CNY/ton, resulting in a month average of 14,831 CNY/ton, which is an increase of 67 CNY compared to the previous month but a decrease of 497 CNY year-on-year [2] - The futures market showed greater volatility than the spot market, with the main contract for Zheng cotton dropping from 13,640 CNY/ton to 13,380 CNY/ton before recovering to 13,725 CNY/ton, resulting in a month average settlement price of 14,543 CNY/ton, which is an increase of 94 CNY month-on-month and 536 CNY year-on-year [4] Group 2 - The demand for long-staple cotton remained stable, with prices holding steady; the price for 137-grade long-staple cotton was 25,000 CNY/ton at the end of the month, unchanged from the previous month, while the month average transaction price increased by 1,800 CNY/ton year-on-year [6] - The international cotton price faced downward pressure due to concerns over economic slowdown and increased global production forecasts, with the average price of imported cotton at 74.11 cents/pound, a decrease of 0.4% month-on-month [7] - Domestic cotton yarn prices slightly rebounded in November, with the average price for domestic 32-count cotton yarn at 20,564 CNY/ton, an increase of 95 CNY month-on-month, while polyester and viscose staple fibers continued to decline due to weak downstream demand [10][11]