Weekly Report: The Domestic Cotton Prices Rose, and the Foreign Cotton Prices Fell

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

In the tenth week of the reserve cotton rotation (August 31-September 4), 50,400 tons were listed for the whole week, and the transaction rate remained 100%. The total transaction volume was 50,400 tons, Xinjiang cotton traded 28,000 tons; Inland cotton traded 22,300 tons; the average transaction price was 12,201 Yuan/ton, and the 3128 Price was 3,128 at 13,462 Yuan/ton.

2. The Domestic Cotton Prices Rose while the Foreign Cotton Prices Fell, and the Price Difference Increased

Last week, domestic cotton spot prices continued to rise, international cotton prices fell by the US stock market and other factors. The weekly average price of China cotton price CC Index(3128B) was 12,791 Yuan/ton, up 161 Yuan from the previous month. Zhengzhou Commodity Exchange main cotton contract CF101 weekly average price 13058 yuan/ton, up 88 yuan month on month.