crashbandicootnitrofueledps4| The average price of imported cotton arriving in Hong Kong rises: global cotton production growth, supply exceeds demand, and domestic demand declines in the off-season

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May 17crashbandicootnitrofueledps4, the average price of imported cotton arriving in Hong Kong increased by 0crashbandicootnitrofueledps4.89 cents, and the domestic average price of 3128 cotton rose by 55 yuan. In the new year, global cotton production has increased significantly, supply exceeds demand, consumer demand is weak, cotton prices remain weak, and the trend is short.

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[Cotton market dynamics: International and domestic cotton prices both rise]

On May 17, the global cotton market showed vitality, with the average price of imported cotton arriving in Hong Kong (M index) rising significantly to 82crashbandicootnitrofueledps4.90 cents/pound, an increase of 0.89 cents/pound from the previous day. Under the 1% tariff standard, the import cost climbed to 14290 yuan/ton, while based on the sliding tax, the cost was 15083 yuan/ton. At the same time, domestic cotton prices of grade 3128 are also rising, with the average price reaching 16211 yuan/ton, up 55 yuan from the previous day. [Against the background of weak demandcrashbandicootnitrofueledps4cotton price growth]

Despite the oversupply phenomenon, the market demand for cotton has not yet recovered significantly. Analysis shows that global cotton production is expected to increase significantly in the new year due to the expansion of planting area. At the same time, domestic new cotton is growing well, while the consumption of imported cotton and the increase in yarn stocks have led to demand entering the traditional off-season, and the fundamentals of cotton prices remain unchanged. [Market Outlook: Short-term rebound and negative trend coexist]

Looking forward to the market, although there may be signs of rebound in the short term, the overall trend is still biased towards the bear side. Investors need to pay attention to the support points of 15390 and 15475 for the short-term rebound to better grasp market dynamics and investment opportunities.