The world market for raw materials is struggling

Red and green colors mixed on the price list, however, selling pressure prevailed, pulling the MXV-Index down slightly by 0.36% to 2,210 points. Thus, this index could not maintain the increasing momentum of the previous two consecutive days. The transaction value of the entire Department reached 3,400 billion VND. Information from MXV shows that, at the end of the trading day on October 10, cotton prices led the weakening trend of the industrial raw materials group, eyeing nearly 2% of the value compared to the reference. MXV said demand for US cotton is at risk of shrinking, putting pressure on prices. According to observers, trade tensions between the US and China may cause the country of billions of people to seek alternative cotton supplies from Brazil and Australia. At the same time, the high USD also makes US cotton prices still expensive for customers holding other currencies. High holding costs also contribute to the lackluster demand for holding products. Along with ...