Weekly Report: The Reserve Cotton Continues to be Fully Traded, and the Reserve Price is Slightly Lowered.

1. 100% turnover rate of reserve cotton

In the fifth week of the reserve cotton rotation (July 27-31), 42,200 tons were listed for the whole week, with a transaction rate of 100%. Xinjiang cotton traded 20,800 tons; inland cotton traded 21,400 tons; average transaction price was 11,608 Yuan/ton, 3128 was 12867 Yuan/ton.

2.Both Domestic and Foreign Cotton prices have risen

Last week, domestic cotton prices rose steadily driven by the continuous trading of all cotton reserves, while international cotton prices were shaken up by the continuous development of the epidemic and the good us cotton export data, but the weekly average price was still lower than last week. The weekly average price of China cotton price CC Index(3128B) was 12,262 Yuan/ton, up 19 Yuan from the previous month. The weekly average price of imported cotton FC Index M was 68.06 cents/lb, down 1.21 cents month-on-month. Zhengzhou Commodity Exchange main cotton contract CF009 week average price 12003 Yuan/ton, month-on-month decline of 77 Yuan.

3. Most Cotton in the Country is in its Blooming Period

At the end of July, most of the cotton areas in the north were abundant in light and heat, rainfall was relatively suitable, and the soil moisture was generally good, which was conducive to the growth and development of cotton; the low temperature and rainy weather in the west and south of Huanghuai, Jianghuai, Jianghan, and northeastern Jiangnan brought cotton buds Flowering has an adverse effect. Most of the cotton in Xinjiang, the Yellow River Basin, and the Yangtze River Basin is in the flowering to blooming period, and some areas of Xinjiang have begun to crack the bolls. Cotton is currently in a critical period of growth and development, and it is advisable to strengthen field water and fertilizer management.