【对等关税靴子落地 负面预期下美棉市场上演过山车行情】金十期货特约中辉期货点评：ICE棉花市场此前因美棉植棉意向的有限下调获得阶段性支撑，但因特朗普的全球对等关税的初步出炉，美棉的出口前景面临极大的挑战，引发美棉市场冲高回落。国内，工商业库存高位运行逐步去库，进口端收缩明显，供给端新增利空有限。国内新季种植已经开启，新年度植棉面积预期增加，土壤墒情并未有明显负面预警，南疆大风存在一定情绪扰动。预计短期盘面维持区间偏弱震荡，关注后市国内涉棉产业政策及国内关税政策反馈。
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