The reserve cotton rounded out into the 20th week (July 17-July 21), and the amount of cotton produced in Xinjiang was basically the same as last week. However, due to the reduction in the sales price, the transaction rate continued to rise. A total of 149,200 tons of warehouses were planned for the five trading days of the week, all of which were domestically produced cotton. The actual turnover was 118,100 tons, and the weekly turnover rate was 79.12%. Among them, Xinjiang cotton was 51,100 tons, all of which were sold, which was 0.04 million tons less than the previous week. The average daily transaction price was lowered due to the sales reserve price, which dropped by 147 yuan/ton. As of July 21, the cumulative reserve of reserve cotton was 2,976,000 tons, with a total turnover of 1,999,600 tons, and the turnover rate was 68.54%, all of which were domestic cotton. Among them, the cumulative turnover of Xinjiang cotton was 1,247,100 tons, accounting for 62.37%. 75.25 million tons, accounting for 37.63%. The proportion of textile companies' total purchases was 48.17%, and non-textile enterprises accounted for 51.83%. The average length of the transaction was 28.2 mm and the cumulative turnover was 758. According to the "Announcement on the Relevant Arrangements for the National Reserve Cotton Rotation" (No. 9 of 2016), the calculation formula for the reserve price of reserve cotton is calculated, and the 2016/2017 reserve cotton rotation (July 24 - July 28) The reserve price for the round sale was RMB 15,007/ton (standard price), which was increased by RMB 43/ton from last week.
At present, all cotton in Xinjiang has entered the flowering period, and most of the cotton in the Yellow River and Yangtze River basins are in flowering stage. In mid-July, the country still maintains a wide range of high-temperature weather. The temperature in most parts of Xinjiang is high, the precipitation is less, and the number of sunshine hours is more. The meteorological conditions are more favorable for the growth and development of most cotton. Precipitation in North China is beneficial to the supplementary soil. Lyricism is beneficial to cotton growth; the high temperature of the southern cotton region is unfavorable for cotton flowering.
Last week (July 17-July 21), as the reserve cotton rounded out, the textile enterprises began to actively stock up for the demand for cotton in September and October. The reserve cotton transaction rate continued to rise, driving domestic cotton spot. Market prices have picked up. On July 21, China's cotton price index CCIndex (3128B) closed at 15,902 yuan / ton, up 31 yuan / ton.
In the same period, the international cotton market price rose due to better US cotton export data and the fall of the US dollar index. On July 21, ICE cotton futures contract closed at 69.14 cents/lb, up 2.20 cents for the week, and the CotlookA index closed at 85.05 cents/lb, a cumulative increase of 2.85 cents.
Weekly average price
Domestic price (yuan/ton)
International price (cents per pound)
China Cotton Price Index
Spot listing transaction MA1707 contract
Zheng cotton futures CF709 contract
Imported cotton price index FCIndex M
Cotlook A
New York futures
October contract
07.10-07.14
15877
14990
15134
84.41
83.47
67.54
07.17-07.21
15889
15105
15452
84.88
83.92
68.60
Increase or decrease
11
115
318
0.46
0.45
1.06
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