# Why cotton linter prices plummet?–ChinaTexnet.com

> Chinese cotton linter prices have dropped over 1,000 yuan/mt in the past month amid panic after weak US payroll data, which raised recession fears and weakened the dollar. Cotton spot fell from 15,500 to 14,400 yuan/mt since mid-July.

- Date: 2024-08-28 · published 2024-08-28T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/28919-why-cotton-linter-prices-plummet-chinatexnet-com
- Commodities: [Cottonseed Meal](https://feedsoft.ai/c/CSM.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Macroeconomic fears and supply pressure from the new crop are weighing on cotton and linter demand, with downstream buyers delaying purchases, a bearish signal for cottonseed-derived products.

## Read by commodity

- CSM: bearish ▼
- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-08-24 | [The Assay - Why the FED’S actions are bullish for commodity prices](https://feedsoft.ai/events/69364-the-assay-why-the-fed-s-actions-are-bullish-for-commodity-prices.md) | -0.4% | -0.8% |
| DXY | 2016-06-08 | [Wheat prices add over two percent as dollar plumbs one-month low](https://feedsoft.ai/events/9126-wheat-prices-add-over-two-percent-as-dollar-plumbs-one-month-low.md) | +1.0% | +1.5% |
| DXY | 2016-06-06 | [Corn prices rally over two percent](https://feedsoft.ai/events/5265-corn-prices-rally-over-two-percent.md) | -0.3% | +0.2% |
| DXY | 2021-04-30 | [Inflation-tolerant Fed will boost commodity prices \| Reuters](https://feedsoft.ai/events/47512-inflation-tolerant-fed-will-boost-commodity-prices-reuters.md) | +0.1% | -0.8% |
| DXY | 2024-08-29 | [The U.S. Dollar and Commodity Prices \| news.cqg.com](https://feedsoft.ai/events/28700-the-u-s-dollar-and-commodity-prices-news-cqg-com.md) | +0.5% | -0.7% |

## Sources

- chinatexnet.com: https://www.chinatexnet.com/textile-news/2024-08-28/997731.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.