美棉震荡偏弱，郑棉低位震荡 棉花周报 20250512 正信期货研究院—农产品小组 23 主要观点 行情回顾 基本面分析 1目录 CONTENTS PPT模板：www.1ppt.com/moban/PPT素材：www.1ppt.com/sucai/ PPT背景：www.1ppt.com/beijing/PPT图表：www.1ppt.com/tubiao/ PPT下载：www.1ppt.com/xiazai/PPT教程：www.1ppt.com/powerpoint/ 资料下载：www.1ppt.com/ziliao/范文下载：www.1ppt.com/fanwen/ 试卷下载：www.1ppt.com/shiti/教案下载：www.1ppt.com/jiaoan/ PPT论坛：www.1ppt.cnPPT课件：www.1ppt.com/kejian/ 语文课件：www.1ppt.com/kejian/yuwen/数学课件：www.1ppt.com/kejian/shuxue/ 英语课件：www.1ppt.com/kejian/yingyu/美术课件：www.1ppt.com/kejian/meishu/ 科学 ...

研究员：洪辰亮 021-60635572 hongchenliang@ccb.ccbfutures.com 期货从业资格号：F3076808 研究员：刘悠然 021-60635570 liuyouran@ccb.ccbfutures.com 期货从业资格号：F03094925 农产品研究团队 、 请阅读正文后的声明 ＃summary＃ 行业 棉花 日期 2025 年 5 月 9 日 研究员：余兰兰 021-60635732 yulanlan@ccb.ccbfutures.com 期货从业资格号：F0301101 研究员：林贞磊 021-60635740 linzhenlei@ccb.ccbfutures.com 期货从业资格号：F3055047 研究员：王海峰 021-60635727 wanghaifeng@ccb.ccbfutures.com 期货从业资格号：F0230741 每日报告 一、行情回顾与操作建议 表1：行情回顾 | | | 1 | NE FOT | ( JIA | | 155 1 | 旅 政 TE | | | | | --- | --- | --- | --- | --- | --- | - ...

Group 1 - As of April 30, 2025, cotton futures closed at 12,750 CNY/ton, with a weekly decline of 1.85% and an increase in open interest by 8,872 contracts compared to the previous week [1] - In the Xinjiang region, the cotton arrival price was 13,982 CNY/ton, a decrease of 16 CNY/ton from the previous day, while the China Cotton Price Index for grade 3128B was 14,244 CNY/ton, an increase of 10 CNY/ton [2] - The U.S. cotton planting rate reached 15% as of April 27, 2025, up from 11% the previous week and compared to 14% the same time last year [2] Group 2 - According to Everbright Futures, the domestic cotton market is expected to remain weak due to limited changes in the fundamentals, with the demand side showing weakness as the traditional peak demand season has passed [3] - Zheng cotton prices are anticipated to experience low-level fluctuations as the new cotton planting season nears completion, with high commercial inventories and reduced downstream demand due to increased shutdowns in textile enterprises [3] - The overall supply of cotton remains sufficient, and the combination of weak demand and favorable weather conditions in production areas suggests a bearish outlook for cotton prices in the short term [3]