Group 1 - Cotton futures are experiencing low volatility, with the main contract reported at 13,980.00 CNY/ton, reflecting a decline of 1.96% [1] - As of the end of July, China's cotton commercial inventory stands at 2.19 million tons, a year-on-year decrease of 588,000 tons and a month-on-month decrease of 640,000 tons, indicating a low level compared to recent years [2] - The average price of 3128 cotton arriving at factories was 15,590 CNY/ton, an increase of 170.00 CNY/ton, while the price of 32s pure cotton yarn remained stable at 21,555 CNY/ton [2] Group 2 - From a fundamental perspective, the speed of cotton inventory reduction and the operating rates of yarn and weaving factories have not shown significant improvement, indicating weak terminal demand [3] - The domestic cotton market is facing tight supply, with the cash basis remaining strong despite recent increases in sliding tax quota issuance, while the textile market is still in the off-season with insufficient new orders [3] - Short-term expectations for Zheng cotton indicate a potential slight decline next week, with a focus on the range of 14,000 to 14,500 CNY/ton [3]

Group 1 - The core viewpoint of the news is that cotton futures prices on the Intercontinental Exchange (ICE) have shown slight increases, with the current price reported at 67.01 cents per pound, reflecting a 0.13% rise [1] - On August 6, the opening price for U.S. cotton was 67.16 cents per pound, with a closing price of 66.90 cents per pound, indicating a decrease of 0.27% [2] - The average import price of cotton on August 6 was 74.66 cents per pound, which is an increase of 0.47 cents per pound compared to August 5 [2] Group 2 - The domestic average price for 3128 cotton was reported at 15,195 yuan per ton, which is an increase of 15 yuan per ton compared to August 5 [2] - The average price for 3128 cotton delivered to factories was 15,122 yuan per ton, reflecting an increase of 40 yuan per ton [2] - The number of cotton futures warehouse receipts on the Zhengzhou Commodity Exchange was 8,812, which is a decrease of 99 receipts compared to the previous trading day [3]