Exclusive news from China Cotton Network: This week (August 2-6), the number of confirmed cases of the domestic epidemic continues to increase, and the scope of infection spread has expanded. All medium- and high-risk areas have taken strict measures to strengthen prevention and control. Affected by this, cotton began to correct after hitting new highs last week. However, supported by downstream demand, the extent of cotton’s correction was limited, and the CF2109 contract price remained stable at more than 17,000 yuan/ton.
This week’s reserve cotton sales floor price is 16,551 yuan/ton (discounted for standard grade 3128B), an increase of 380 yuan/ton from the previous week. The reserve cotton auction floor price continues to rise, market bidding enthusiasm has not cooled down, and the transaction rate remains high. The main reason why companies actively participate in the auction is that cotton spot prices are basically stable, industrial demand is good, orders are limited by the epidemic, and all market parties are optimistic about the future cotton price.
This week: Data will be released from August 2nd to 6th
China’s cotton reserves The Management Co., Ltd. has listed a total of 47,300 tons of cotton reserves, including 36,500 tons of Xinjiang cotton and 10,800 tons of real estate cotton.
From August 2 to August 6, the average transaction price of reserve cotton was 17,186 yuan/ton, down 120 yuan/ton from last week; discounted to standard grade ( 3128) price is 18,428 yuan/ton, an increase of 104 yuan/ton; the average price increase is 1,877 yuan/ton, a decrease of 276 yuan/ton; the highest transaction price is 18,640 yuan/ton, and the lowest price is 16,620 yuan/ton. Among them, the average transaction price of Xinjiang cotton is 17,231 yuan/ton, with an average price increase of 1,984 yuan/ton; the average transaction price of real estate cotton is 17,035 yuan/ton, with an average price increase of 1,515 yuan/ton.
Cumulative: Data rounded out from July 5 to August 6
China’s reserves Cotton Management Co., Ltd. has listed a total of 238,400 tons of cotton reserves, including 163,100 tons of Xinjiang cotton and 75,300 tons of real estate cotton.
From July 5th to August 6th, the average transaction price of reserve cotton was 16,864 yuan/ton, discounted to the standard grade (3128) price of 18,069 yuan/ton , the highest transaction price was 18,720 yuan/ton, and the lowest price was 15,950 yuan/ton; the average transaction price of Xinjiang cotton was 16,975 yuan/ton, and the average price increase was 2,219 yuan/ton; the average transaction price of real estate cotton was 16,530 yuan/ton, and the average price increase was 1,788 yuan/ton. .
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