Macroeconomics 1. [US Core PCE Price Index] The US core Personal Consumption Expenditures (PCE) price index rose 0.2% month-on-month in July, matching the forecast and up

Macroeconomics 1. [US-Canada Trade] Trade negotiations between the US and Canada collapsed on August 22. As Canada failed to reach an agreement by the deadline, the

Macroeconomics 1. [LPR] Authorized by the People's Bank of China, the National Interbank Funding Center announced the Loan Prime Rates (LPR) for August 20, 2026: the

The impact of the off-season persisted this week; downstream demand remained weak, with purchasing driven primarily by immediate replenishment needs. While yarn sales by cotton

Last week, the pure cotton yarn market continued to experience off-season conditions; sluggish demand constrained price fluctuations, and mainstream quotes remained stable. As of August

Macroeconomics 1. [Automotive] CPCA (China Passenger Car Association): In July, national retail sales of passenger cars totaled 1.506 million units, down 18% year-on-year and 6% month-on-month;

In early July, following a period of over a week of fluctuating rebounds in Zhengzhou cotton futures, ex-factory prices for cotton yarn began to edge

Macroeconomics 1. [Foreign Exchange Reserves] Statistics from the State Administration of Foreign Exchange show that as of the end of June 2026, China's foreign exchange reserves

Domestic cotton prices rose last week, and 100% cotton yarn futures prices followed suit, while spot market prices for 100% cotton yarn remained stable for

Short-term high temperatures will boost cotton prices. From a medium to long-term perspective, low inventories and reduced production in the new season will support cotton

As of June 22, domestic cotton spot prices saw a slight rise, whereas downstream cotton yarn markets remained sluggish due to the traditional off-season. The

Macroeconomics 1. [Industrial Value Added] National Bureau of Statistics: In May, the value added of industrial enterprises above designated size grew by 4.5% year-on-year in real

Price trend Last week, domestic cotton prices fluctuated with a downward bias, while prices for 100% cotton yarn remained relatively stable. As of June 12, the

Recent trends in the cotton and cotton yarn markets reflect a pattern of tight global supply alongside weak domestic demand. Expectations of declining production in

Cotton prices retreated slightly this week, while cotton yarn prices remained largely stable, with few declines. As of May 22, the benchmark spot price for

Macroeconomics 1. [Direct Green Power Connection] The National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) have issued a *Notice on Matters Concerning

1. [Electricity Consumption] National Energy Administration: In April, total electricity consumption across society reached 820.5 billion kWh, a year-on-year increase of 6.0%. Breaking this down

This week, international cotton markets trended stronger; domestic markets followed suit with gains, albeit showing signs of waning momentum. Cotton yarn prices in the market

Following the holiday break, the domestic cotton market experienced a slight pullback after an initial rise, though prices generally remained at elevated levels; meanwhile, the