On November 5, quotations at major Chinese ports rose slightly. The international cotton price index (SM) stood at 90.32 cents per pound, up 1.06 cents per pound, converting to a general trade port delivery price of 14,929 yuan per ton (calculated based on a 1% tariff and the exchange rate as the middle price of the Bank of China, the same below); the international cotton price index (M) was 88.31 cents per pound, up 1.08 cents per pound, converting to a general trade port delivery price of 14,601 yuan per ton.

November 5 news: Indonesia said it will crack down severely on companies associated with large ore trader Arif Kurniawan, triggering concerns about tight nickel supply. Affected by this, nickel prices on the London Metal Exchange surged to their highest level in more than five weeks on Thursday. Indonesia accounts for about 60% of global nickel production, and Kurniawan's nickel trading volume accounts for about one-third of Indonesia's total. The relevant actions may trigger industry turmoil.