Weekly Report: Domestic and Foreign Cotton Prices Continue to Rise
Source:China Cotton Association Date: 25/May/2020
1. Meteorological conditions are generally conducive to cotton growth
Cotton in Xinjiang, The Yellow River basin and the Yangtze River Basin is in the stage from seedling to the third true leaf, and part of Xinjiang enters the fifth true leaf stage. The light and temperature conditions and moisture content in northwest, North and Huang-Huai regions are good, and the meteorological conditions are suitable for the growth of cotton seedlings and seedlings. In Jiangnan, South China: the temperature in most areas is higher than that in the same period of the year, and the sunshine is close to the same period of the year, which is generally conducive to the growth and development of cotton.
2. The increase in domestic cotton prices is higher than abroad
Last week (May 18-22), the two sessions of the National People's Congress opened in Beijing, the Government Work Report on this year's major development goals and the next phase of work to do the overall deployment, while crude oil prices continue to rebound, affected by this, cotton prices at home and abroad are rising, domestic cotton prices are higher than overseas. The weekly average price of China cotton price CC Index(3128B) was 11,694 Yuan/ton, up 158 Yuan 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 | |
5.11-5.15 | 11536 | 11588 | 68.52 | 65.95 | 57.71 |
5.18-5.22 | 11694 | 11748 | 68.35 | 66.53 | 58.18 |
Change | 158 | 160 | -0.17 | 0.58 | 0.47 |
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CCindex (3128B) : 16944 -63 -
CCindex (2227B) : 15502 -69 -
CCindex (2129B) : 17236 -39
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FC index S: 101.02 -3.10 -
FC index M: 100.13 -3.08 -
FC index L: 99.13 -3.08
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Cotton Import 2024-2 29.5(10 thousand ton) -
Yarn Output 2024-2 (10 thousand ton) -
Textile Export - 0(100 million USD)