Forecasts released by the International Cotton Advisory Committee (ICAC) indicate that global cotton fundamentals will indeed tighten in the 2026/27 season; the key shift is

In September, cotton futures markets—both domestic and international—generally followed a trend of initial gains followed by a decline, retreating from their highs. Data from the

Domestic Cotton Spot Market Situation On September 29, domestic spot prices declined. The average price for domestic 3128-grade cotton (Cotlook B Index equivalent) stood at 17,315

According to an announcement by China Cotton Reserve Management Co., Ltd., sales of the 2026 central cotton reserve will cease effective September 30, 2026. During the

Last week, the domestic cotton market continued to experience weak, fluctuating trends. The dominant Zhengzhou Cotton contract (CF2701) steadily declined from 17,110 RMB/ton in early

1. [Cotton Lint] China Cotton Reserve Management Co., Ltd. has scheduled the sale of 8,010.1980 tonnes (40 lots) of central reserve cotton via the National

In September 2026, cotton futures prices in both domestic and international markets initially rose before falling back. During the latter half of August, expectations of

Macroeconomics 1. [Monetary Policy] The People's Bank of China (PBOC) held a symposium with foreign financial institutions to solicit their views and suggestions, and to discuss

On September 21, the U.S. Department of Agriculture (USDA) released its crop progress report for the week ending September 20, showing the good-to-excellent rating for

Macroeconomics 1. [Electricity Consumption] National Energy Administration: In August 2026, total electricity consumption across society once again surpassed the one-trillion-kilowatt-hour mark, reaching 1.0332 trillion kWh—a year-on-year

During the week ending September 20, 2026, the dominant Zhengzhou cotton futures contract saw a significant downward shift in its price center, while ICE cotton

Sales of state-reserve cotton are proceeding in an orderly manner; however, both cotton futures and spot prices have recently fallen rapidly, alongside a decline in

Macroeconomics 1. [Fed Rate Hike] The Federal Reserve announced a 25-basis-point hike to the target range for the federal funds rate, raising it to 3.75%–4.00%. This

According to a survey by the National Cotton Market Monitoring System, as of early September 2026, the average cotton inventory level for surveyed enterprises stood

Macroeconomics 1. [Industrial Value Added] National Bureau of Statistics: In August, the value added of industrial enterprises above designated size grew by 5.2% year-on-year in real

Macroeconomics 1. [M2] The People's Bank of China (PBOC): At the end of August, the outstanding balance of broad money (M2) stood at 356.81 trillion RMB,

Last week (September 7-11), the cotton market saw a synchronized weakening across both domestic and international markets. This trend was driven by the convergence of

Macroeconomics 1. [US CPI] US CPI rose 3.4% year-on-year in August, matching both the forecast and the previous reading; it increased 0.4% month-on-month, in line with

The rise in Zhengzhou cotton futures prices is driven on the one hand by the rally in U.S. cotton and on the other by market