One week before the Spring Festival (February 8 -12), the domestic market deal was light, and the international cotton market rose sharply under the U.S. dollar exchange rate falling and the USDA sharply increasing U.S. cotton exports volume in its monthly report. Driven by these, domestic spot market prices have risen accordingly.

In the Chinese New Year holiday (2.15-2.19), the dollar exchange rate fluctuations, but leading by cotton consumption promising, the international cotton prices continued rising, the ICE cotton futures nearby contract hit the highest point from March-mid 2008.

In the two working days after the Spring Festival, influenced by the international cotton prices rising during the festival, on 20th, the domestic cotton e-market hit the rising-limit; on 21st rose again, the overall 500 yuan/ton. Spot prices follow upward, on 21st, the China Cotton Index (CC Index328) is 14,886 yuan / ton, 47 yuan higher than 5th.