Weekly Report: Both Domestic and Foreign Cotton Prices have Risen, and Reserve Prices have been Raised

Source:China Cotton Association  Date: 10/August/2020

1. The Amount of Reserve Cotton Increased, and All Transactions Continued

In the sixth week of the reserve cotton rotation (August 3-10), 45,000 tons were listed for the whole week, an increase of 3 million tons from last week. The turnover rate this week was 100%,  Xinjiang cotton sold 26,000 tons; the inland Cotton was sold at 19,000 tons; the average transaction price was 11,655 Yuan/ton, which 3128 is 12976 Yuan/ton.

As of August 7, the cumulative turnover of cotton reserve is planned to be 234,000 tons, and the turnover rate reaches 100%, Xinjiang cotton is 126,000 tons and local cotton is 108,000 tons, with the average transaction price of 11,569 Yuan/ton. According to the calculation formula of central reserve cotton rotation sales reserve price, the seventh week (August 10-14) rotation sales reserve price is 12,127 Yuan/ton (discount standard class 3128B), which is 276 Yuan/ton higher than the previous week.

2. Both Domestic and Foreign Cotton Prices have Risen

Last week, customs data showed that China's exports rose 10.4% in July from a year earlier, while domestic cotton prices continued to rise steadily. Affected by the drought in some cotton areas of the United States and the rise in international oil prices, cotton prices have rebounded. The weekly average price of China cotton price CC Index(3128B) was 12,349 Yuan/ton, up 87 Yuan month on month. The weekly average price of imported cotton FC Index M was 70.27 cents/lb, up 2.21 cents month-on-month. Zhengzhou Commodity Exchange main cotton contract CF009 week average price 12158 Yuan/ton, up 155 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

7.27-7.31

12263

12003

68.06

66.85

61.49

8.3-8.7

12349

12158

70.27

70.47

63.62

Change

87

155

2.21

3.62

2.13


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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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