Weekly Report: Planting has been Basically Completed, and Domestic Cotton Prices have Continued to Rise

Source:China Cotton Association  Date: 15/June/2020

1. Planting has been Basically Completed

According to the survey by CCA, the cotton planting area nationwide will be 46.16 million mu in 2020, down by 4.15% year-on-year. As of May 31, the cotton seeding progress in China was 99.56%, 0.14% lower than previous year. All the cotton seeding in Xinjiang has been completed. The seeding progress in the Yellow River Basin is 99.9%, 0.1% lower than previous year, and the seeding progress in the Yangtze River basin is 95.26%, 2.05% lower than previous year.

2. Xinjiang Cotton Into the Flowering Period

Last week (June 8-12), the weather conditions in most cotton areas in northern China were good, which was conducive to the growth of cotton. Heavy precipitation occurred in some cotton areas in the south, which was not conducive to the growth of cotton. Most of the cotton in the Yellow River basin and the Yangtze River basin is in the third to fifth true leaf stage, and some of it has entered the budding stage. It is expected that the temperature in most cotton areas in northern Xinjiang will be slightly lower in mid-June, while that in southern and eastern Xinjiang will be slightly higher.

3. Domestic Cotton Prices Rose Steadily

Last week, domestic cotton prices continued to rise steadilyInternational cotton prices fluctuated downward due to the rebound of the epidemic in the US. The weekly average price of China cotton price CC Index(3128B) was 12,079 Yuan/ton, up 212 Yuan month on month. Zhengzhou Commodity Exchange main cotton contract CF009 week average price 11,988 Yuan/ton, up 241 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

6.1-6.5

11867

11747

68.32

67.27

60.54

6.8-6.12

12079

11988

68.82

68.14

60.34

Change

212

241

0.50

0.87

-0.20


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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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