In November, influenced by the factors such as Xinjiang cotton out difficulty, shortage of high-grade cotton, the international cotton price continued rising, cotton price continued increasing, especially after mid-month, the increasing step expand and speed quicker, the market appear panic emotion. The National Development and Reform Commission held two meetings of "National Cotton Control Joint Consultation" to study the combination regulation and control plans, including to continue throwing reserve and issue quotas in advance, coordinate to solve Xinjiang transport, and stability cotton market. China Cotton Association also issued twice industry warning to guide the industry stability confidence and ward off risks. November 20th, the third band reserve-out of 500,000 tons cotton started. Then the domestic cotton price gradually turned to stabilization.

In the mid of November, an extensive rain and snow weather appeared in whole country, made a certain quality impact on the unpicked cotton. China Cotton Association estimates the total output is 6.8 million tons, unchanged from last month, down by 13 percent compared with last year. The weather turned fine in the end of month, the picking progress speed up, and at the end of month, the national harvest basically completed. Price continues rising, most farmers sell seed cotton actively. By the end of November, farmers sale progress was 83%, faster 29% than the same period last year. The average selling price was 6.41 yuan / kg, up by 0.17 yuan / kg compared with October. With the procurement coming to the end, the seed-cotton quality declined, while the price continues rising, added with the resources rarely and decentralization, purchasing and processing business risk increased, some enterprises quited.

The third band reserve-out auctions started in November, month plan 129,000 tons, all 2006-2007 season crops, the auction basic price is 12,900 yuan / ton, the competition intense, all dealed, and the price repeatedly hit new record since this year. Pushed by procurement and auction price, the spot cotton price continued rising, nearing 14,800 yuan / ton at the end of month, hit the highest in nearly five years. E-trade and futures market price hit a record high. At the end of month, under the national macro-control, the prices increasing slowed down. At the same period, international cotton prices have been rising continuously, monthly imports of cotton is 113,000 tons, a slight decrease from October.