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The US president Trump tweeted last week that he would impose a 10% tariff on $300 billion in Chinese imports from Sep 1, making a big splash in the market, with immediate plummet of ZCE cotton futures and cotton yarn futures, sharp depreciation of RMB and surge of gold market. However, spot cotton
Zhengzhou cotton futures market hits the down limit on July 9, and there is no great bearish news temporarily. In short, the decline of cotton market is expected to see, but the down limit is beyond our anticipation. From last week, the demand for cotton from downstream is in a very slow recovery, a
ZCE cotton futures hit limit down again yesterday, beyond expectation. Amid the slump, cotton yarn sales weaken again, but the offers have not moved down yet. The market now is covered with heavy look-on mood.1. Weakening signs of cotton yarn sales have shown up since last weekends.In fact, the weak
