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Real-time News
On January 19th, according to futures news, both domestic and international cotton spot prices rose last week, with the domestic spot price increasing more than the international price, and the price difference between domestic and international cotton widening slightly. 1. Internationally, the USDAs January supply and demand report at the beginning of the week showed a decrease in global production, an increase in demand, and a decline in ending stocks, indicating an overall bullish adjustment. This, coupled with a weaker dollar and rising grain prices, drove cotton prices higher. However, on Thursday, the US Department of Labor released initial jobless claims data lower than market expectations, increasing the probability of the Federal Reserve maintaining interest rates, leading to a decline in the crude oil market and dragging down cotton prices. In terms of price performance, the ICE cotton futures averaged 64.83 cents/lb, up 0.14 cents/lb from the previous week; in the spot market, the Cotlook A index averaged 74.87 cents/lb, up 0.26 cents/lb from the previous week. 2. Domestically, at the macro level, the central bank signaled further interest rate and reserve requirement ratio cuts, and the State Council emphasized promoting consumption, briefly boosting market sentiment. At the industry level, the speculation surrounding a reduction in Xinjiangs cotton planting area in the new year has gradually been digested. Textile companies have some restocking needs before the Spring Festival, and the weakening orders for fabric mills are showing a tendency to spread to textile companies, thus weakening support for cotton prices. The weekly average price of the China Cotton Price Index (CC Index 3128B) was 15,903 yuan/ton, up 96 yuan/ton from the previous week; the price difference between the weekly average price of Cotlook A (converted to RMB with a 1% tariff) and the weekly average price of the China Cotton Price Index widened significantly by 52 yuan/ton compared to the previous week.January 19th - CIMC Enrics subsidiary, CIMC Saint-Gobain, recently successfully delivered the first batch of four high-standard, customized cryogenic storage tanks for a landmark semiconductor manufacturing project in Europe. This project is not only the first large-scale semiconductor factory built in Europe in nearly two decades, but also marks a new benchmark for CIMC Enric in the field of high-end precision equipment manufacturing, adhering to the stringent EN (European Standard) system.Market news: The Czech cabinet has agreed not to sell L-159 fighter jets to Ukraine.January 19th - Analysts point out that the key data in the Eurozones December inflation report is the core inflation rate, which remains above the 2% target. Therefore, the European Central Bank is expected to remain on hold, awaiting further potential policy action. Analysts believe the main obstacle at this stage lies in Germany, which will continue to keep policymakers on their toes at the start of the new year. Looking at specific items, food prices continued to rise at a relatively high rate of approximately 2.5%, while service prices rose significantly more, reaching 3.4%.On January 19th, Goldman Sachs Wealth Management predicted that emerging market equities will be the most desirable investment destination globally over the next one to five years, with the highest expected basic return of 8%. The probability of emerging market returns exceeding expectations is 20%, while the probability of low to mid-single-digit negative returns is 25%.
