棉系数据日报-20250808

Report Summary Core View - In the context of the expected new crop harvest and the reality of old - crop inventory shortage, the pattern of near - term strength and long - term weakness is prominent. From late July to early August, multiple policies and industry events are in the window period. Domestic policy - related meeting contents, Sino - US trade negotiation progress, the realization of new cotton harvest, whether the import sliding - scale duty quota will be increased and the increase amount have a significant impact on the Zhengzhou cotton outlook, especially the increase of import sliding - scale duty quota has a greater impact on the old - crop supply - demand and near - term contracts [4] Data Summary Domestic Cotton Futures - CF01 on August 7 was 13835, down 15 (-0.11%) from August 6; CF09 was 13670, down 20 (-0.15%); CF09 - 01 was - 165, down 5 from August 6 [3] Domestic Cotton Spot - In Xinjiang on August 7, the price was 15089, up 6 (0.04%); in Henan it was 15220, up 15 (0.10%); in Shandong it was 15169, up 20 (0.13%); Xinjiang - main continuous basis was 1419, up 26 [3] Domestic Cotton Yarn Futures and Spot - Domestic cotton yarn futures CY on August 7 was 19705, down 5 (-0.03%); domestic cotton yarn spot C32S price index was 20620, down 20 (-0.10%) [3] US Cotton Spot - US cotton spot CT (USD/ pound) on August 7 was 67, unchanged (0.00%); the arrival price was 76.50, down 0.5 (-0.65%); 1% quota pick - up price was 13480, down 87 (-0.64%); sliding - scale duty pick - up price was 14282, down 53 (-0.37%) [3] Spread Data - Yarn - cotton spread (futures) was 5870, up 10; yarn - cotton spread (spot) was 802, up 34; the spot internal - external spread was 1689, up 107 [3][4]