Weekly Report: Round-in of Cotton Reserves is about to Start, the Price of Cotton in Home and Abroad continues to rise

Source:China Cotton Association  Date: 30/November/2020

1.Cotton Reserve Round-in into the First Week of Bidding, the Maximum Price of 14,772 Yuan/ton

The National cotton reserve will be put into operation on December 1, 2020, and relevant departments have published the trading measures and implementation rules for notarial inspection. According to the calculation formula of the maximum price for central cotton round-in purchase announced by the National Food and Strategic Reserves Administration and the Ministry of Finance (No. 2 of 2020), the maximum price for Xinjiang round-in purchase in the first week (From December 1 to December 4) is RMB 14,772 Yuan/ton (discount standard class 3128B).

2.The Inspection Quantity of Lint Processing in Xinjiang increased Year-on-Year

The purchase of seed cotton in Xinjiang is close to the end, and the work of gin enterprises is concentrated in the processing link, and the processing volume continues to increase. By November 29, 2020, Xinjiang has processed 3,638,800 tons of lint, up 7.71% year on year, of which 2,215,200 tons are processed in the autonomous region and 1,423,500 tons in the XPCC. According to the data of China Fiber Quality Monitoring Center, in 2020, the national notarization and inspection volume of cotton reached 3.1359 million tons, with a year-on-year growth of 8.51%, among which xinjiang reached 3.0926 million tons, with a year-on-year growth of 9.55%. The mainland weighed 43,300 tons, down 32.22% year-on-year.

3.Both Domestic and Foreign Cotton Prices continued to Rise

Cotton prices rose last week (Nov. 23-27) both at home and abroad. From January to October, the year-on-year growth rate of accumulated profits of industrial enterprises above designated size released by the National Bureau of Statistics changed from negative to positive for the first time in this year, among which the decline of profits in the textile and apparel industry further narrowed. Foreign commodity markets continue to be driven up by good news on vaccines. The weekly average price of CC Index (3128B) was 14,574 Yuan/ton, up 98 Yuan month on month. Zhengzhou Commodity Exchange main cotton contract CF101 weekly average price of 14,452 Yuan/ton, up 200 yuan month on month.

Weekly average price

Domestic price (Yuan/ton)

International price (cent/Lb.)


CC Index(3128)

ZCE Futures Contract CF005

FCIndex M

Cotlook A

ICE2003 contract

11.16-11.20

14475

14252

79.34

77.58

69.71

11.23-11.27

14574

14452

83.59

79.34

71.54

Change

98

200

1.51

1.76

1.83


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China Cotton Index (CC Index)
2021-10-27       more>>
  • CCindex (3128B) : 22313 99
  • CCindex (2227B) : 21099 70
  • CCindex (2129B) : 22805 87
Foreign Cotton Index (FC Index)
2021-10-27      more>>
  • FC index S: 124.06 0.25
  • FC index M: 122.74 0.22
  • FC index L: 121.21 0.22
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