Weekly Report: New Cotton Grows Well, Domestic Spot Prices Rise

Source:China Cotton Association  Date: 01/June/2020

1. Xinjiang Cotton Area has entered the current bud period

Last week, most of the cotton areas in the country were conducive to cotton growth. At the end of May, most cotton was in the third to fifth true leaf stage, and some cotton areas in Xinjiang entered the current bud stage. It is estimated that this week, there will be showers or thunderstorms in the eastern part of the cotton region of the Yellow River Basin, which is conducive to increasing soil moisture in cotton fields, but strong convective weather such as wind and hail in some areas has a slight impact on the growth of cotton seedlings. There will be continuous heavy rainfall in the southern region.

2. Domestic spot prices rose

Last week (May 25 -29), the NPC and CPPCC concluded in Beijing, the domestic market running smoothly, spot prices rose, the futures market is maintained weak shock trend; Due to the twists and turns in the international market due to China-US relations, uncertainties in the future are increasing and prices are falling. The weekly average price of China Cotton price Index CC Index(3128B) was 11,835 Yuan/ton, up 141 Yuan from the previous month. Zhengzhou Commodity Exchange main cotton contract CF009 week average price 11584 Yuan/ton, down 164 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

5.18-5.22

11694

11748

68.35

66.53

58.18

5.25-5.29

11835

11584

66.84

65.85

57.93

Change

141

-164

-1.51

-0.68

-0.25


Download
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
Monthly Data
Copyright © CHINA COTTON ASSOCIATION 2008