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]