crashonlinecasino| Alumina 2406 rose 5.63% to lead futures gains: China's cotton imports were significantly increased to 3.092 million tons

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Commodity futures rose by the top threeCrashonlinecasinoAlumina increases by 5%Crashonlinecasino.63%, soda ash up 5.53%, manganese silicon up 3.07%. Agricultural products market: China's cotton imports are expected to increase, cotton sowing in Xinjiang is smooth, it is difficult for textile enterprises to reverse losses, and Aksu cotton seedlings are green.

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[commodity futures market closed at night: alumina led the rally, rapeseed led the decline] evening closing data showed that alumina led the market up 5.63 per cent, followed by soda ash 2409 up 5.53 per cent and manganese silicate 2409 up 3.07 per cent. However, rapeseed 2411 led the market down 3.18 per cent, followed by palm oil 2409-2.58 per cent and peanuts 2410-1.98 per cent.

[China's cotton imports soar, far exceeding expectations] China's cotton imports may significantly exceed market expectations. According to the China Cotton Network, citing the USDA report in April, China's cotton consumption in 2023 was raised by 109000 tons to 8.274 million tons in 2004, and cotton imports increased significantly by 283000 tons to 3.092 million tons. Customs statistics show that as of March 2024, China's cotton imports this year have reached about 2.15 million tons, an increase of 147.1 percent over the same period last year, exceeding the expectations of most institutions and enterprises.

[cotton in Hutubi, Xinjiang has been sown in a large area, and the temperature has risen steadily] recently, the temperature in Hutubi County, Xinjiang has risen steadily, and cotton sowing is being carried out smoothly. The local weather is sunny and the temperature is maintained at 10-25 ℃, which provides good conditions for cotton seed germination. The farm mechanic is operating the sowing machine, and the farmers are closely followed to make sure that the sowing process is smooth. It is reported that a local cotton enterprise plans to plant 65000 mu of cotton this year, and the weather will start sowing after the weather clears up on April 15.

[textile enterprises are facing profit challenges, raw material inventory is generally for one month] an online survey of Chinese cotton shows that as cotton and other raw material inventories of textile enterprises are generally maintained at about a month, the rebound in immediate profits has little impact on cotton textile enterprises. In particular, C40S and below the number of cotton yarn, profit space is limited, and even a loss. With the cotton yarn sales slowing down again, it is more difficult for low-count cotton yarn to turn losses into profits, and it still takes time for textile enterprises to restore confidence and replenish the stock of raw materials.

[cotton seedlings in Aksu region of Xinjiang grow well, and the emergence rate is more than 90%] 44000 mu of cotton in Wensu County, Aksu Prefecture, Xinjiang has begun to emerge and is growing satisfactorily. The local fields have been covered with green carpets, indicating the hope of a bumper harvest. According to local officials, cotton in the village has been planted before April 16, with a seedling emergence rate of more than 90%. At present, the focus of work has shifted to preventing disaster weather and strengthening field management to ensure cotton production and increase farmers' income.

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