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
- 2025-01-07 SunSirs: Recently, Cotton Prices Have Maintained a Weak Consolidation Trend
- 2024-12-31 SunSirs: From December 22 to 29, the National Average Purchase Price of Seed Cotton Fell by 15.8% Year-on-year
- 2024-12-19 SunSirs: From December 9th to 15th, the National Purchase Volume of Seed Cotton Was 66,000 tons
- 2024-12-18 SunSirs: From December 9th to 15th, the Average Purchase Price of Seed Cotton in China Decreased by 10.9% Year-on-year
- 2024-12-11 SunSirs: USDA: Global Cotton Production, Consumption and Ending Inventory in 2024/25 Increased Month-on-month
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