Weekly Report: Reserves Cotton Rotation Completed in the First Week

Source:China Cotton Association  Date: 06/July/2020

1. Reserve Cotton Plans to Rotate 500,000 tons

On June 30, 2020, in order to optimize the structure of the central reserve cotton, ensure good quality, and strengthen the central reserve's regulation and control capabilities, part of the central reserve cotton will be rotated in 2020. Relevant arrangements for the rotation of reserve cotton: National statutory working days from July 1 to September 30, 2020; the total arrangement is about 500,000 tons; the listed sales base price is determined dynamically with the market, and in principle is linked to the domestic and foreign cotton spot prices Linkage. Relevant arrangements for the rotation of the reserve cotton: According to the actual rotation of the reserve cotton and the supply and demand of the cotton market, the relevant state departments choose the opportunity to arrange the rotation, and the specific arrangements will be announced as soon as possible.

The first week of the reserve cotton rotation (July 1-3, 2020), the sales base price was 11,837 Yuan/ton (equivalent to the standard grade of 3128B), the whole week was listed with 24,100 tons, all transactions, the turnover rate was 100%, the average transaction The price is 11,303 Yuan/ton, which is 3128 price, and the price is 12,704 yuan/ton. Xinjiang cotton traded 12,200 tons, with a turnover rate of 100%; Mainland cotton traded 11,900 tons, with a turnover rate of 100%.

2. Domestic Futures Prices Rose

Last week, the reserve cotton began to round out, and domestic spot prices all rose, but the average weekly spot price in China fell slightly from before the Dragon Boat Festival; the international cotton price rebounded due to the decrease in the area of US cotton planting, but the weekly average price for the futures is still slightly lower than last week. The weekly average price of the CC Index (3128B) was 11,911 Yuan/ton, down 61 Yuan month-on-month; the main contract of cotton on the Zhengzhou Commodity Exchange, was 11,790 Yuan/ton, up 58 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

6.22-6.26

11972

11732

68.64

68.15

61.92

6.29-7.3

11911

11790

69.08

69.18

61.56

Change

-61

58

0.44

1.03

-0.36


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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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