Weekly Report: The Cotton Market has Recovered, and both Domestic and Foreign Cotton Prices have Risen

1. Cotton Reserves Transaction Completed, and the Bottom Price Rose

Last week, there were only four trading days in the week of cotton reserve rotation. The trading day of cotton reserve rotation on August 21 was invalid, so the trading day in the week was from August 17 to August 20. The turnover rate maintained 100% with a total turnover of 36,100 tons, including 19,400 tons of Xinjiang Cotton. Inland Cotton turnover of 16,700 tons; Transaction average price 11,702 Yuan/ton, and the 3128 price was 12,971 Yuan/ton.

2. Both Domestic and Foreign Cotton Prices have Risen

Last week, the domestic cotton market rebounded, the United States cotton export contract volume increased, domestic and foreign cotton prices rose; The weekly average price of China cotton price CC Index(3128B) was 12,473 Yuan/ton, up 65 Yuan from the previous month. Zhengzhou Commodity Exchange main cotton contract CF101 weekly average price of 12,868 Yuan/ton, up 60 Yuan month on month.