Commodity News
SunSirs: Cotton Market Rose First and then Fell This Week (5.22-5.27)
May 29 2023 10:41:49
On May 27, SunSirs cotton lint benchmark price was 16,435.17 RMB/ton, an increase of 4.24% compared with the beginning of this month (15,766.50 RMB/ton).
This week, the cotton market first rose and then fell.
On the whole, the cotton rose too fast in the early stage, and there was a callback expectation. The superimposed macro pressure in the international market and the current terminal consumption in the downstream market were lower than expected.
Downstream enterprises cautiously purchased raw materials, which put the price under pressure.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
Related Information
- 2024-01-03 SunSirs: The Intentional Planting Area of Cotton in China in 2024 Decreased
- 2023-10-25 SunSirs: The Quotation for Imported Cotton Increased Significantly Yesterday
- 2023-05-24 SunSirs: In April 2023, China's Cotton Cloth Exports will be 532 Million Meters
- 2023-05-22 SunSirs: Cotton Prices may be Stable and Relatively Strong in the Short Term
- 2023-05-19 SunSirs: In April 2023, China Imported about 120,000 Tons of Cotton Yarn
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