Monthly Report: Cotton Prices Continue to Rise, Spinning Enterprises Under Pressure (Jan. 2022)

Source:China Cotton Association  Date: 25/February/2022

In January, near the Spring Festival, new cotton processing is nearing the end, market resources continue to increase, the market supply is sufficient. Some textile enterprises replenished the stock right amount before the Spring Festival holiday, but they did not accept the high price of cotton. The overall purchasing intention was still not strong, and most of them bought at will. Textile enterprises had holidays at the end of the month, and yarn production decreased slightly. Affected by rising commodity prices, cotton prices at home and abroad continue to rise. The international cotton prices hit a new high in nearly a decade, the increase is higher than domestic, and the difference between domestic and foreign cotton prices is further reduced.

According to the CCA, the total production in 2021/22 was 5.774 million tons, down 2.5% year on year. Estimated imports of about 2.75 million tons, consumption was 8.34 million tons, down 1.02% year on year, with supply and demand basically in balance.

China Cotton Supply and Demand Balance Sheet (Jan. 2022)      Million tons

Year

Begining Stock

Production

Import

Consumption

Export

Ending Stock

2021/22

814.7

577.39

275

834

1

832.09

2020/21

790.52

592.37

274.66

842.6

0.25

814.7

2019/20

807.51

590.57

160

765

2.56

790.52

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China Cotton Index (CC Index)
2022-7-1       more>>
  • CCindex (3128B) : 18384 15
  • CCindex (2227B) : 17212 11
  • CCindex (2129B) : 18906 21
Foreign Cotton Index (FC Index)
2022-7-1      more>>
  • FC index S: 146.10 1.48
  • FC index M: 144.56 1.44
  • FC index L: 142.94 1.40
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