Cotton Market Faces New Challenges Amid Supply-Demand Imbalance
Pamuk fiyatları Cuma günü 62-89 puan düşüşle devam etti, Aralık kontratı ise bu hafta 291 puan kaybetti. Ham petrol fiyatları ise $3.50 artarken, ABD
Cotton futures extended their weakness on Friday, closing down 62-89 points, with December down 291 points this week. Crude oil prices rose by $3.50 per barrel, while the US dollar index gained 0.011. Friday's Commitment of Traders report showed managed money funds increasing their net long in cotton futures and options to 49,684 contracts. Old crop cotton commitments stood at 11.951 million RB, 102% of the USDA projection and lagging behind recent years. Shipments totaled 10.398 million RB, 88% of the USDA target. The Cotlook A Index closed at 90.65 cents, the Forward A at 92.35 cents, and the Adjusted World Price rose to 65.37 cents/lb.
The cotton market's recent performance could negatively impact the textile sector's global supply chain, with critical implications for China's textile industry, which relies heavily on cotton as a key input. This volatility may also influence the performance of textile stocks.
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