China Cotton Price Continued to Rise, Imports Down

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BEIJING , July 27 , SinoCast — Mainland China’s standard lint cotton’s average selling price is CNY 12,596 a ton in June, up 1.6% month on month.

Xinjiang’s standard lint cotton’s average selling price is CNY 12,260 a ton, essentially flat with last month;Zhengzhou’s cotton futures’ September contract settlement price is CNY 13,154 a ton, growing 4.7%; the national cotton exchange market CNCE’s September contract price is CNY 12,925 a ton, growing 7.3%.

In June, China’s cotton imports reached 72,000 tons, falling 89,000 tons or 55% year on year; in the first half of this year, China’s cotton imports reached 431,000 tons, down 54.9%.

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