Recently, the cotton prices increase quicker, cotton future has been in history record high, spot price close to record. Last week, the spot price of domestic standard-level cotton has more than 17,000 yuan / ton, on 21 May, the China Cotton Index (CC Index328) is at 17138 yuan / ton, up by 682 yuan in May. Under the support of spot market price, the electronic exchange and Zhengzhou cotton futures market continuou rising, the major contracts have been more than 18,000 yuan / ton. The high cotton prices reflect supply and demand in general, but that does not exclude speculative factors.

On May 20, the National Development and Reform Commission convene relevant departments to hold the national cotton macro-control joint meeting to analyze the current situation and macro-control measures. To meet the needs of textile enterprises, related departments actively coordinate Xingjiang cotton transport, and issued 800,000 tons additional sliding tax quotas. The next step, gorverment will research and issue additional import quotas according to market demand situation, and it does not exclude other control measures to stabilize the market. China Cotton Association remind the industry parties to avoid impulsiveness, analysis the situation calmly, do not follow the trend of speculation.