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

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.