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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CCindex (3128B) : 17165 12 -
CCindex (2227B) : 15691 14 -
CCindex (2129B) : 17430 35
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FC index S: 93.50 0.60 -
FC index M: 92.57 0.60 -
FC index L: 91.57 0.60
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Cotton Import 2024-2 29.5(10 thousand ton) -
Yarn Output 2024-2 (10 thousand ton) -
Textile Export - 0(100 million USD)