Group 1 - The core viewpoint of the article highlights the fluctuations in cotton futures prices on the ICE, with a slight increase observed on December 24, 2023, where the price opened at 64.01 cents per pound and reached a current price of 64.06 cents per pound, marking a 0.06% increase [1] - On December 23, the opening price for cotton futures was reported at 63.61 cents per pound, with a closing price of 63.90 cents per pound, reflecting a 0.36% increase [2] - The Brazilian CEPEA/ESALQ cotton price index was reported at 62.74 cents per pound on December 23, showing an increase of 0.97% from the previous day, but a decrease of 3.52% compared to the same period last month [2] Group 2 - The USDA's weekly export sales report indicated that for the week ending December 11, the net sales of U.S. upland cotton for the 2025/26 marketing year were 304,689 bales, significantly higher than the previous week's 153,266 bales [2] - The export volume for the same week was reported at 134,371 bales, also an increase from the prior week's 101,577 bales [2] - The USDA forecasts that Pakistan's cotton production for the 2025/26 marketing year will remain at 1.089 million tons, unchanged year-on-year, but significantly lower than previous bumper crop years [2]

Core Viewpoint - The cotton futures prices on the Intercontinental Exchange (ICE) have shown slight fluctuations, with a current price of 65.93 cents per pound, reflecting a minor decrease of 0.03% from the opening price [1] Group 1: Cotton Futures Market Overview - On October 29, the ICE cotton futures opened at 65.00 cents per pound, reached a high of 66.10 cents, a low of 64.90 cents, and closed at 65.91 cents, marking an increase of 1.28% [2] - As of October 30, the cotton futures opened at 65.95 cents per pound and fluctuated between a high of 66.04 cents and a low of 65.77 cents during the trading session [1] Group 2: Cotton Harvesting Progress - As of October 27, the cotton harvesting progress in Xinjiang reached 82.8%, which is an increase of 14.9 percentage points week-on-week but a decrease of 0.2 percentage points year-on-year [2] - In the southern Xinjiang cotton region, the harvesting progress is at 72.8%, which is 0.8 percentage points faster year-on-year; in the northern region, it stands at 96.5%, which is 1.5 percentage points slower year-on-year; and in the eastern region, it is at 91.4%, which is 4.6 percentage points slower year-on-year [2] Group 3: International Cotton Price Comparison - On October 29, the CEPEA/ESALQ cotton price index in Brazil was reported at 64.15 cents per pound, reflecting a decrease of 0.87% from the previous day and a decline of 6.25% compared to the same period last month [2] - The cost of imported medium-quality cotton under quota (1% tariff) is 13,209 yuan per ton, which is 1,631 yuan lower than the price of domestic standard-grade cotton; the cost of imported cotton under sliding tax (generally between 5% and 40%) is 14,098 yuan per ton, which is 742 yuan lower than the price of domestic cotton [2]