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Next year’s global production is insufficient to meet demand, and cotton prices may fall back from their high levels.
According to the report of the USDA Agricultural Outlook Forum on February 24, global cotton production in 2022/23 is expected to be 124 million bales, an increase of 3.8 million b…
The probability of short-term ICE cotton wide oscillation is high
According to data released by the CFTC, as of February 18, there were a total of 97,502 (equivalent to 2.21 million tons) unfixed call sales (Unfixed Call Sales) in the ICE cotton …
The surge in crude oil led to a sharp rise in the PTA market
As of February 24, the domestic PTA spot market price was 5,688 yuan/ton, which was 365 yuan/ton higher than the price on February 21 at the beginning of this week, an increase of …
Congestion in the Western United States has been transferred to other ports in North America, and congestion will intensify in March and April!
After the Spring Festival, the number of ships waiting at ports on the West Coast of the United States has decreased. Yangming Shipping pointed out that the waiting time at the por…
Is Iran expected to return? Daily oil production may increase to 4 million barrels!
As the impact of the epidemic subsides, oil demand gradually increases, causing crude oil prices to remain high. Coupled with the recent impact of the situation between Russia and …
Prices of energy products, mainly crude oil, will still experience sharp fluctuations
As the war situation changes, the global market oscillates. Affected by the situation in Russia and Ukraine, the market’s risk aversion sentiment has increased, driving the r…
There is a high probability that cotton prices will turn into wide oscillations in the short term
Recently, cotton prices are expected to reach a long-term top. The reason is that on the one hand, the US Department of Agriculture’s February supply and demand report lowere…
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After the climax, may the crude oil market usher in a turning point?
Crude oil market sentiment reached its peak this week. my country’s SC crude oil futures will celebrate its 4th birthday in one month. On February 24, SC crude oil futures ex…
Oil price risk fluctuations have intensified, PTA processing fees have plummeted, and the probability of factories jointly limiting production is high!
In recent times, the downstream polyester and terminal loom industries have experienced low demand during the Spring Festival, which has caused a big blow to the PTA market after t…
The RMB has become a new safe-haven currency, the exchange rate has hit a new high, and foreign trade companies are under pressure!
The outbreak of the Russia-Ukraine conflict has engulfed the global market. The world’s major stock markets and various currencies from the euro to the Korean won have plumme…