Business Society: Cotton prices fluctuated narrowly in early August.

In early August, domestic cotton prices showed narrow fluctuations. According to the data from the commodity market analysis system of Business Times, as of August 11, the spot price of 3128B grade cotton was 15,179 yuan per ton, a decrease of 0.59% compared to the beginning of the month. Overall, the continued decrease in domestic cotton stocks provides strong support for cotton prices, but expectations of increased production of new cotton in Xinjiang suppress cotton prices. At the same time, there has been no improvement in short-term demand, and the industry's support for cotton prices is not significant. On a macro level, the implementation of the US "equal tariffs" will have a direct or indirect negative impact on the global textile trade, and attention should be paid to the uncertainty and risks it may bring to the cotton trade market.