棉花：关注新作情况和外部市场情绪影响

Report Summary 1) Report Industry Investment Rating - Not provided in the given content 2) Core View of the Report - The report focuses on the cotton market, tracking its fundamentals and presenting macro and industry news. It mentions that the cotton market is influenced by factors such as new crop conditions, external market sentiment, and the strength of the US dollar. The trend strength of cotton is rated as neutral [1][3][5] 3) Summary by Relevant Catalogs Fundamental Tracking - Futures Data: CF2601 closed at 14,120 yuan/ton with a daily increase of 0.64% and a night - session increase of 0.18%. CY2511 closed at 20,165 yuan/ton with a daily increase of 0.52% and a night - session increase of 0.02%. ICE US cotton 12 closed at 67.38 cents/pound, down 0.91%. Trading volume and open interest of CF2601 increased, while those of CY2511 showed different trends. The number of Zhengzhou cotton and cotton yarn warehouse receipts decreased, and the effective forecast for cotton yarn increased [1] - Spot Data: The prices of North and South Xinjiang 3128 machine - picked cotton increased, while the prices in Shandong and Hebei decreased slightly. The 3128B index decreased by 0.05%. The international cotton index M increased by 0.75%. The price of pure cotton combed yarn 32S increased by 0.10%, and the arrival price decreased by 0.73% [1] - Spread Data: The CF9 - 1 spread was - 320 yuan/ton, down 50 yuan/ton compared to the previous day. The spread between North Xinjiang 3128 machine - picked cotton and CF509 was 1,240 yuan/ton, unchanged from the previous day [1] Macro and Industry News - Domestic Cotton Spot: Cotton spot trading remained stable, with textile enterprises mainly making rigid - demand purchases. Different regions and grades of cotton had different sales basis spreads [2] - Domestic Cotton Textile Enterprises: The pure cotton yarn market maintained trading, with better sales of regular yarns and some increase in the sales of low - count yarns below C32S. Textile enterprises were still limiting production, and market confidence was generally weak. The all - cotton grey fabric market had little change in trading atmosphere, with flat sales [2] - US Cotton: ICE cotton futures fell nearly 1% due to the strengthening of the US dollar and the decline of other agricultural products [3] Trend Strength - The trend strength of cotton is 0, indicating a neutral rating on a scale from - 2 (most bearish) to 2 (most bullish) [5]