Weekly Report: Cotton Into the Seeding Period, the International Cotton Prices Rebound

Source:China Cotton Association  Date: 26/April/2020

1.Cotton Into the Seeding Period

In late April, cotton in the Northwest, Huanghuai Basin, and the middle and lower reaches of the Yangtze River entered the seeding stage. The temperature in most northern areas is basically normal, there is a significant precipitation process, the soil moisture is further supplemented, and the water and heat conditions are generally conducive to cotton planting and seedlings; the temperature in Jianghuai, most of Jianghan, most of Jiangnan, and central and eastern South China rebounds, the sunshine conditions are good, the weather Conditions are generally conducive to sowing and emergence. At present, the spring sowing of cotton in Xinjiang is in the finishing stage. The early sowing of cotton in southern Xinjiang has emerged. The continuous precipitation and cooling weather in southern Xinjiang last week has a slight adverse effect on the progress of cotton planting and cotton seedling growth.

2. The International Cotton Prices Rebound

This week, foreign epidemics have eased, crude oil prices have rebounded after a sharp decline, and the foreign cotton market has followed fluctuations, which have risen as a whole. Domestic demand for downstream textile companies is not strong due to the approaching May Day holiday, and cotton market prices have declined slightly. The weekly average price of the China Cotton Price Index CC Index (3128B) was 11,432 Yuan/ton, down 45 Yuan month-on-month; the weekly average price of the Cotlook A index was 64.32 cents / lb, up 1.09 cents month-on-month, and 1% tariff was reduced by RMB 11,178 / Ton, which is 254 Yuan lower than the China Cotton Price Index (3128B), 13321 Yuan per ton under the quasi-tax, 1889 yuan higher than the China Cotton Price Index; the weekly average price of the imported cotton price index FC Index M is 66.17 cents/Pounds, up 1.6 cents from the previous month; the weekly average price of CF009, the main contract of Zhengzhou Commodity Exchange, was 11,403 Yuan/ton, down 25 Yuan from the previous month; the average weekly contract price of ICE cotton futures was 55.09 cents / lb, up 2.37 cents from the previous 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

4.13-4.17

11477

11428

64.57

63.23

52.72

4.20-4.24

11432

11403

66.17

64.32

55.09

Change

-45

-25

1.60

1.09

2.37

 

 


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China Cotton Index (CC Index)
2021-12-1       more>>
  • CCindex (3128B) : 22242 -302
  • CCindex (2227B) : 20854 -254
  • CCindex (2129B) : 22854 -251
Foreign Cotton Index (FC Index)
2021-12-1      more>>
  • FC index S: 123.80 -4.53
  • FC index M: 122.36 -4.46
  • FC index L: 120.78 -4.44
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