棉系数据日报-20251106

Group 1: Report Industry Investment Rating - No information provided Group 2: Core Viewpoints of the Report - The cotton market has support below and pressure above in the near term. There is continuous pressure from new cotton supply, but yarn mills are actively replenishing their inventories. In the long term, policies and weather are the key factors. The strategies are to conduct reverse arbitrage on the January - May spread when prices are high and to layout long positions for distant - month contracts when prices are low [4] Group 3: Summary According to Relevant Data Domestic Cotton Futures - CF01 on November 5 was 13615, up 80 (0.59%) from November 4; CF05 was 13620, up 65 (0.48%); CF01 - 05 was - 5, up 15 from the previous day [3] Domestic Cotton Spot - In Xinjiang on November 5, the price was 14627, down 13 (-0.09%); in Henan it was 14856, down 34 (-0.23%); in Shandong it was 14873, unchanged (0.00%); Xinjiang - main continuous basis was 1012, down 93 [3] Domestic Yarn Futures and Spot - Domestic yarn futures CY on November 5 was 19820, up 25 (0.13%); domestic yarn spot C32S price index was 20520, unchanged (0.00%) [3] US Cotton Spot - CT (USD/磅) was unchanged at 65.15; the arrival price was 75.20, down 0.3 (-0.40%); 1% quota pick - up price was 13158, down 51 (-0.39%); sliding - scale duty pick - up price was 14069, down 29 (-0.21%) [3] Spread Data - The yarn - cotton spread (futures) was 6205, down 55; the yarn - cotton spread (spot) was 911, up 22 [3] Other Data - The domestic - foreign spread (spot) was 1715, up 51 [4]