Weekly Report: The Weather is Conducive to Cotton Growth, and both Domestic and Foreign Cotton Prices have Risen

Source:China Cotton Association  Date: 31/August/2020

1. 100% of the Reserve Cotton is Sold Out, and the Reserve Price Rise

In the ninth week of the reserve cotton rotation (August 24-28), 58,400 tons were listed for the whole week, and the transaction rate remained 100%. The total transaction volume was 58,400 tons, Xinjiang cotton sold 35,800 tons; Inland cotton sold 22,600 Tons; the average transaction price is 11956 Yuan/ton, which is 3128 Yuan/ton, and the 3128 price was 13404 Yuan/ton.

 

2. Both Domestic and Foreign Cotton Prices have Risen

Last week, China and the US had a constructive dialogue on strengthening macroeconomic policy coordination and implementing the first phase of the china-us economic and trade agreement, which further boosted cotton prices at home and abroad. The weekly average price of China cotton price CC Index(3128B) was 12,630 Yuan/ton, up 157 Yuan month on month. Zhengzhou Commodity Exchange main cotton contract CF101 weekly average price of 12,970 yuan/ton, up 102 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

8.17-8.21

12473

12868

69.63

69.33

63.17

8.24-8.28

12630

12970

71.36

71.10

64.85

Change

157

102

1.73

1.77

1.68


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China Cotton Index (CC Index)
2021-10-27       more>>
  • CCindex (3128B) : 22313 99
  • CCindex (2227B) : 21099 70
  • CCindex (2129B) : 22805 87
Foreign Cotton Index (FC Index)
2021-10-27      more>>
  • FC index S: 124.06 0.25
  • FC index M: 122.74 0.22
  • FC index L: 121.21 0.22
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