Last week (November 2 -6), the Nationalwide Cotton picking near to end, seed cotton price remained stable, spot prices growth trend to slow down, the market parts are waiting for the third band reserve-out, waiting and looking mood increase.

Last week, the cotton harvest is nearing completion. The national cold weather in early week result in some heavy rain and snow, the temperature dropped sharply, some cotton in field were damaged, the progress of new cotton picking slow down. After the cold tide, the temperature rapid rise in most cotton-growing areas, the progress of the new cotton harvest resume.

Influenced by the third band reseve-out, cottonseed and other cotton by-products prices remain stable and other factors, the national seed cotton purchasing price stabilize. According to the investigation of CCA Processing Branch, last weekend 3 grades of seed cotton purchasing price in most cotton district are 6.7-7 yuan/ kilogram, the same as the previous week; Shandong are still the highest at 7.07 yuan / kg; Xinjiang 6.53 yuan / kg. According to Xinjiang Cotton Association, since later of October, Xinjiang seed cotton prices fall in stable, by the end of October, Xinjiang region has acquired a new cotton total 1.55 million tons, an increase of 22.6%. The inland farmers are still reluctant sell cotton, cotton brokers keep store cotton. At precent, seed cotton purchase and sales markets stalemate, processing progress has slowed.

As the cotton production down and the prices up this year, cotton-processing enterprises competity for cotton resources serious, it is hard to get enough volume, enterprises that stop purchasing has increased. According to the Hubei Province Cotton Association, a majority of 400 type cotton-processing enterprises purchase volume only 1,000 tons, some only 100-200 tons, loss has confirmed. According to Shandong Province Dezhou Cotton Association survey, they have basically finished picking cotton, but the purchasing amount only around 40%. Jiangsu Province Sheyang County Cotton Association survey also showed that the seed cotton purchasing amount the broker's have exceeded processing enterprises amount.

The second band of cotton reserve-out has ended, the market is waiting for the third band of 500,000 tons cotton out. Textile enterprises buying are not active in the spot market, spot prices up in steady. The value of China Cotton Index (CCIndex) of Type 328 grades keep rising, last weekend at 14,059 yuan per ton, up by 37 yuan per ton from pre-week.