Greece: Low barometric with the Chinese market is problematic

Published 2024년 10월 24일

Tridge summary

China's consumption of cereals, oil, and cotton is causing concerns due to losses in these markets. The strengthening dollar against the euro is also putting pressure on commodity markets. The recent correction in the stock market has provided an opportunity for new sales, allowing spinning mills to purchase cotton at lower prices. The quality of the cotton and its color can impact the price paid by buyers.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

At the same time, China does not look promising in terms of consumption. In the general picture, most cereals and oil register losses, which of course also affects cotton. The dollar is strengthening significantly against the euro, which is putting pressure on commodity markets. In our market, the correction of the last sessions of the stock market gave the opportunity for new sales. The spinning mills "see" this turn in prices as an opportunity to meet their needs, paying a little less. The levels at ...
Source: GRAgronews

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