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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CCindex (3128B) : 16944 -63 -
CCindex (2227B) : 15502 -69 -
CCindex (2129B) : 17236 -39
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FC index S: 101.02 -3.10 -
FC index M: 100.13 -3.08 -
FC index L: 99.13 -3.08
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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)