Weekly Report: Cotton Prices have Risen Domestically and have Fallen Abroad, and Reserve Cotton have Lowered their Base Prices

Source:China Cotton Association  Date: 17/August/2020

1. The Reserve Cotton continues to be Fully Traded, and the Reserve Price is Lowered.

In the seventh week of the reserve cotton rotation (August 10-14), the transaction rate remained 100%, the total transaction volume was 45,100 tons, and the average transaction price was 11,722 Yuan/ton, 3128 was 13,021 Yuan/ton. As of August 14th, a total of 279,000 tons of reserve cotton had been round out, with a transaction rate of 100%. Xinjiang cotton was 152,200 tons and Inland cotton was 126,800 tons, with an average transaction price of 11,594 Yuan/ton. According to the calculation formula of the central reserve cotton round sales reserve price, the round sales reserve price for the eighth week (August 17-21) is 12010 Yuan/ton (standard grade 3128B), down 117 Yuan/ton from the previous week.

 

2. Cotton Prices have Risen Domestically and have Fallen Abroad

With the steady recovery of China's economy, domestic cotton prices continue to rise; China cotton price CC Index(3128B) weekly average price is 12408 Yuan/ton, up 59 Yuan month on month. Zhengzhou Commodity Exchange main cotton contract CF101 weekly average price of 12808 Yuan/ton, up 43 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

8.3-8.7

12349

12765

70.27

70.47

63.62

8.10-8.14

12408

12808

69.09

68.88

62.39

Change

59

43

-1.18

-1.59

-1.23


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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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