[Weekly Report] the domestic cotton price keep rising
Source:China Cotton Association          Date: 09/March/2010
Last week (March 1-5), the domestic yarn sales turn to good, price have risen, the textile companies increased raw materials purchases and raise price; because of Xinjiang cotton shipments still slow, and cotton traders have more optimistic about the futurn market, the lint price continued rising, on 5th, China Cotton Index (CC Index328) is 15,200 yuan / ton, up 210 yuan from last week. After Festival vacation, the cotton processing enterprises started buying seed cotton for the lint price rising,, and raised the purchase price. According to the China Cotton Association Processing Branch survey, in Henan Province the 4 grade seed cotton purchasing price is at 6.9 yuan / kg, and 7.46 yuan / kg for 3 grade in Shangdong. According to the National Bureau of Statistics Survey in February, Xinjiang farmers planting intentions increase 3.2% over the previous year.

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